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. #31
    warrior of the wetlands
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    Re: Balanced Budget Amendment

    Quote Originally Posted by 99percenter View Post
    Would we be speaking german or japanese?
    neither-but we would have had a bunch more ships and sailors in the pacific if FDR hadn't let the Imperial Navy hit our unprotected naval base so he could use it to get us into a war with Germany

  2. #32
    warrior of the wetlands
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    Re: Balanced Budget Amendment

    Quote Originally Posted by 99percenter View Post
    10th amendment? is that what your boy bush had in mind when he passed medicare part d and no child left behind.?
    Bush is not at issue right now. its the turd known as Obama

  3. #33
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    Re: Balanced Budget Amendment

    Quote Originally Posted by TurtleDude View Post
    Bush is not at issue right now. its the turd known as Obama
    of course he is. He left a huge mess.
    bears, bulls, white sox fan 4 life!!!

  4. #34
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    Re: Balanced Budget Amendment

    Quote Originally Posted by 99percenter View Post
    of course he is. He left a huge mess.
    yeah, having Pelosi and Reid running congress is about as huge a mess one could leave

  5. #35
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    Re: Balanced Budget Amendment

    Quote Originally Posted by TurtleDude View Post
    neither-but we would have had a bunch more ships and sailors in the pacific if FDR hadn't let the Imperial Navy hit our unprotected naval base so he could use it to get us into a war with Germany
    Ah, the old FDR let us get attacked on purpose theory. That one's a classic. However, it has problems. If FDR allowed for the attack, why didn't he at least make sure our planes got off the ground and Pearl Harbor so they could at least make it a good fight? He would have still had the attack he needed to justify going to war.

  6. #36
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    Re: Balanced Budget Amendment

    Quote Originally Posted by Luna Tick View Post
    Ah, the old FDR let us get attacked on purpose theory. That one's a classic. However, it has problems. If FDR allowed for the attack, why didn't he at least make sure our planes got off the ground and Pearl Harbor so they could at least make it a good fight? He would have still had the attack he needed to justify going to war.

    same reason why he allowed Russia half of Europe

  7. #37
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    Re: Balanced Budget Amendment

    It all depends on what you mean by balanced. If you mean NO ability to borrow ever, even in times of war, then it would not be workable. If you were to limit the ability of the gov't to do as it now does, which is to simply spend as much as they wish, without regard to any real limits, then yes. The devil is in those details. Since states need not worry about such matters as wars, they work reasonably well under true balanced budgets.

    I do fear that any exception for "war" would simply guarantee congress would seek to constantly keep us in a declared state of "war", just as they used the "emergency declaration" for the 2010 census (a 200+ year tradition) expense to skip even that NORMAL and EXPECTED expense from being covered by their silly "pay go" budget rules.

    The best idea, IMHO, is to limit the total peacetime spending budget of the federal gov't to a fixed percentage of the past year's ACTUAL GDP. A mandatory amount of principle repayment percentage of the national debt should also be included. Obama has increased federal spending by 20% over that of Bush, which was already WAY too high. Everybody seemed "happy" with the Clinton federal budgets that had federal spending at about 19% of GDP, I personally think that 18% of GDP is a much better target.

    Obama is now spending well over 24% of GDP at the federal level and that is clearly not working out well, even Bush, while spending at 20% of GDP, was running large federal deficits in every year of his presidency. It seems clear that the congress is unwilling to tax "we the sheeple" at anything above 18% of GDP, so it only seems logical to TRY to limit peacetime federal spending to that level as well.

    If we place no limits on federal spending then we will sonn become like Greece yet, we are definitely "too big to bail".
    Last edited by ttwtt78640; 07-15-12 at 10:51 PM.
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

  8. #38
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    Re: Balanced Budget Amendment

    Quote Originally Posted by code1211 View Post
    Maybe a part of the budgeting process would need to include the establishment and maintenance of a Rainy Day fund.
    Or we could all just sell lemonaide to make up the difference. This is nothing but a childish exercise in stupididty. Countries are not individuals or corporations or even States. They are something different and tieing the hands of Govt. in this way would lead to nothing but trouble. We are not broke or in danger of being broke. Our Nation is backed by the $40 trillion in net worth of a measely 5% of us. That's more money than had been created by man before 1980. We need to concentrate on getting our people back to work, not waste time with drivel lke this.
    On the other hand, you could look at the history of our debt and simply ban Republicans from running for President. That would do more for our deficits than a ammendment which would take a decade to get ratified.

    Last edited by iguanaman; 07-15-12 at 11:07 PM.

  9. #39
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    Re: Balanced Budget Amendment

    Quote Originally Posted by iguanaman View Post
    Or we could all just sell lemonaide to make up the difference. This is nothing but a childish exercise in stupididty. Countries are not individuals or corporations or even States. They are something different and tieing the hands of Govt. in this way would lead to nothing but trouble. We are not broke or in danger of being broke. Our Nation is backed by the $40 trillion in net worth of a measely 5% of us. That's more money than had been created by man before 1980. We need to concentrate on getting our people back to work, not waste time with drivel lke this.
    Yes, we should find a way to get people back to work. We shouldn't abruptly balance the budget. That would shock the economy and cause huge problems. However, aren't you tired of paying interest on so much debt? The budget could be gradually balanced as the economy improves. And then we require it to be balanced except in extreme situations. If a balanced budget were the rule, not the exception, we would have millions of dollars in interest that we keep paying to finance the debt. The economy could be way better over the long haul. Maybe we wouldn't have such a malarial economy that booms for a while then busts. Maybe it could be consistently good without such painful recessions.

  10. #40
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    Re: Balanced Budget Amendment

    Quote Originally Posted by Luna Tick View Post
    Yes, we should find a way to get people back to work. We shouldn't abruptly balance the budget. That would shock the economy and cause huge problems. However, aren't you tired of paying interest on so much debt? The budget could be gradually balanced as the economy improves. And then we require it to be balanced except in extreme situations. If a balanced budget were the rule, not the exception, we would have millions of dollars in interest that we keep paying to finance the debt. The economy could be way better over the long haul. Maybe we wouldn't have such a malarial economy that booms for a while then busts. Maybe it could be consistently good without such painful recessions.
    We don't need an ammendment to "gradually balance the budget". Clinton was running a surplus remember. It's just more fiddling while the country burns, a diversion from the problem at hand. We are not broke or near broke. We can grow our way out of this deficit but not if "austerity" sabatoges our recovery before it takes hold. We need to raise taxes on the top bracket and rebuild our infrastucture. There will never be a better time or cheaper rates for our borrowing.

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