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. #41
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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 would support a balanced budget. But only with the following stipulations.

    1.There must be a spending cap based on 90% the previous year's collections.The other 10% goes into a rainy day fund.

    2.There must be a tax cap so that those in office can not inflate what is collected in order to inflate spending.

    3.There must be an exception for a national emergency like a mass weather/natural or mass nuclear disaster or war that is a direct threat to this country such as an invasion or a direct attack on in any of the US states or territories(excluding overs seas bases, embassies and anything else residing in another country).

    4.There should be a rainy day fund to help alliviat any debt caused by the national emergency or mass weather/natural disaster or nucelear disaste or way, That rainy day has the following stipulations-
    A.It will be illegal to use that rainy day fund for anything else other than war or severe natural disaster.
    B.It will be illegal to propose that money in that rainy day fund be used for something else.

    c.It will be illegal to propose that funding for that rainy day fund be diverted to something else unless that rainy day fund is filled up to fund at least half another Afghanistan or Iraq war and half a natural disaster .


    5.Should tax cuts happen then next years spending must actually take into account those tax cuts.
    "A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly. But the traitor moves amongst those within the gate freely, his sly whispers rustling through all the alleys, heard in the very halls of government itself. For the traitor appears not a traitor; he speaks in accents familiar to his victims, and he wears their face and their arguments, he appeals to the baseness that lies deep in the hearts of all men. He rots the soul of a nation, he works secretly and unknown in the night to undermine the pillars of the city, he infects the body politic so that it can no longer resist. A murder is less to fear"

    Cicero Marcus Tullius

  2. #42
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    Re: Balanced Budget Amendment

    Quote Originally Posted by TurtleDude View Post
    yeah, having Pelosi and Reid running congress is about as huge a mess one could leave
    So everything is Boner's fault then.
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  3. #43
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    Re: Balanced Budget Amendment

    Quote Originally Posted by 99percenter View Post
    So everything is Boner's fault then.
    Yeah, Republicans shouldn't think with their p----.
    Student of Ayn Rand, Adam Kokesh and Murray Rothbard
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  4. #44
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    Re: Balanced Budget Amendment

    Quote Originally Posted by 99percenter View Post
    of course he is. He left a huge mess.


    The Big 0 has continued every Bush program and added more.

    What program(s) from the Bush era that the Big 0 has endorsed by continuing it are you referring to as a mess?

  5. #45
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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.
    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.



    Which party was controlling the Congress, and therefore the purse strings, during these periods?

  6. #46
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    Re: Balanced Budget Amendment

    Quote Originally Posted by code1211 View Post
    The Big 0 has continued every Bush program and added more.

    What program(s) from the Bush era that the Big 0 has endorsed by continuing it are you referring to as a mess?
    Don't know who this big 0 is.
    bears, bulls, white sox fan 4 life!!!

  7. #47
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    Re: Balanced Budget Amendment

    Quote Originally Posted by Hare View Post
    When doing so wouldn't put the clamps on short term growth. (i.e. when we're in shouting distance of quasi normal labor market conditions.)

    In 2008, Federal Spending was $2,982.5 Billion. In 2012 it will be at least $3,795.5 Billion. Unless it's more. An increase over 2008 spending of at least 813 billion dollars. That's a 27% increase.

    For a country that's broke, that's some pretty excessive spending based on some absolutely awful planning. No budgets submitted. No austerity within the payroll or the programs. No attempt, not even a weak one to control the excesses. That mule brain in the bath tub at the conference is just the tip of the ice berg. We just need to cap spending at the 2008 level and then start trying to balance the budget.

    The road we are on can only be traveled in a handbasket.

    Historical Federal Receipt and Outlay Summary
    Last edited by code1211; 07-16-12 at 06:10 PM.

  8. #48
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    Re: Balanced Budget Amendment

    Quote Originally Posted by 99percenter View Post
    Don't know who this big 0 is.
    Don't know who "Boner" is.

  9. #49
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    Re: Balanced Budget Amendment

    Quote Originally Posted by 99percenter View Post
    Don't know who this big 0 is.


    Change to read "President Obama".

  10. #50
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    Re: Balanced Budget Amendment

    Quote Originally Posted by iguanaman View Post
    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.
    There really is no limit to how much you people would borrow and spend or how quickly you'd borrow and spend it, is there?
    Last edited by Neomalthusian; 07-16-12 at 06:15 PM.

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