View Poll Results: Balanced Budget Amendment

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  • Yes

    15 48.39%
  • No

    14 45.16%
  • Not Sure

    2 6.45%
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Thread: Balanced Budget Amendment

  1. #11
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    Re: Balanced Budget Amendment

    Quote Originally Posted by sangha View Post
    I'm not a liberal; I'm a socialist and liberal nor socialist are not mutually exclusive with independent
    Right, I suppose you consider yourself a Bernie Sanders type. Correct?

    Most independents are still Capitalist, I didn't know you were Socialist or I wouldn't have said anything.
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    Romney = Obama. The last election we had any CHOICE in was 1992!

  2. #12
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    Re: Balanced Budget Amendment

    Quote Originally Posted by sangha View Post
    And I go commando
    Double independent, then.

  3. #13
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    Re: Balanced Budget Amendment

    Quote Originally Posted by Smart View Post
    Right, I suppose you consider yourself a Bernie Sanders type. Correct?

    Most independents are still Capitalist, I didn't know you were Socialist or I wouldn't have said anything.
    Yes, Bernie Sanders is about as cool as a politician can get
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  4. #14
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    Re: Balanced Budget Amendment

    Quote Originally Posted by Dagger View Post
    What do you guys think about a Balanced Budget Amendment to the constitution? Personally I think it would be a great amendment except for the fact that Democrats and some Republicans would relentlessly raise taxes to comply with the amendment. A possible solution to this is have a 5 year fixed tax rate, basically saying the government cant raise taxes in order to comply with the balanced budget amendment unless there is a 3/4 majority to do so. Also, congress members would get a pay cut if the budget wasnt balanced in time.

    Thoughts?
    I'd like to see a balanced budget amendment, but not the one you describe. It should simply say the budget has to be in balance, except in times of war. However, we have to go back to Congress having to approve a declaration of war, and it should prohibit "police actions" like Vietnam. In other words, we don't ever send soldiers into any conflict without prior Congressional approval for that specific action. It should be illegal for Congress to give up this right to the president (or anyone else). What I'm trying to avoid is the government keeping us in a perpetual state of war as an excuse to not balance the budget. We should be able to unbalance the budget in a true emergency such as when we had to fight Hitler and Imperial Japan.

  5. #15
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    Re: Balanced Budget Amendment

    No, it would be a highly counterproductive measure to pursue at the given moment.

  6. #16
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    Re: Balanced Budget Amendment

    Quote Originally Posted by Dagger View Post
    What do you guys think about a Balanced Budget Amendment to the constitution? Personally I think it would be a great amendment except for the fact that Democrats and some Republicans would relentlessly raise taxes to comply with the amendment. A possible solution to this is have a 5 year fixed tax rate, basically saying the government cant raise taxes in order to comply with the balanced budget amendment unless there is a 3/4 majority to do so. Also, congress members would get a pay cut if the budget wasnt balanced in time.

    Thoughts?


    Maybe a good addition would be that the maximum budget in any year could not exceed the revenues of the previous complete year.

    The budget in 2013 could not exceed the revenues collected in 2011 and so on. Also, the first dollar could not be spent if no budget was submitted and approved. Continuing resolutions would be a thing of the past.

  7. #17
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    Re: Balanced Budget Amendment

    Quote Originally Posted by sangha View Post
    Why yes! After all, history has dozens of examples of nations that prospered under the requirement of balancing budgets. That is, if by "dozens" you mean "none"


    Various states have balanced budget amendments and I would bet without checking, that no state without such an amendment has a balanced budget on an ongoing basis.

  8. #18
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    Re: Balanced Budget Amendment

    Quote Originally Posted by Smart View Post
    Socially tolerant, fiscally liberal? Wouldn't that make you liberal and not an independent?



    That's what I understand a Liberal to be.

  9. #19
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    Re: Balanced Budget Amendment

    Quote Originally Posted by ChunkySalsa View Post
    I agree with the basic Keynesian principle of deficit spending during recessions and paying down the debt during the booms. A balanced budget amendment would tie their hands and prevent the government from moderating the excesses of the market. We should work to balance the budget, but preventing unemployed people from rioting in the streets is a higher priority.


    Maybe a part of the budgeting process would need to include the establishment and maintenance of a Rainy Day fund.

  10. #20
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    Re: Balanced Budget Amendment

    Quote Originally Posted by Hare View Post
    No, it would be a highly counterproductive measure to pursue at the given moment.


    We are 15 trillion in debt sand rising like the debt was riding an Atlas rocket.

    When might be a better time to try and rein in spending?

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