View Poll Results: Do you support a balanced budget ammendment to the Constitution?

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  • Yes, we should live within our means.

    17 58.62%
  • No, it handcuffs the government.

    11 37.93%
  • I don't care about it; I have no opinion.

    1 3.45%
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Thread: Balanced Budget Ammendment

  1. #11
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    Re: Balanced Budget Ammendment

    Quote Originally Posted by SheWolf View Post
    Then I think politicians would declare wars to justify reckless spending and bigger debts, and attempt to attribute all spending to the war or wars, which is be a bigger problem than the problem we already have.... It's just a bad idea all around
    I actually don't think this is a problem, when time comes and there is a big war then congress can meet and create a temporary amendment that let them override the spending limit. US hasn't been in a proper war since second world war anyway.

  2. #12
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    Re: Balanced Budget Ammendment

    Quote Originally Posted by Camlon View Post
    I actually don't think this is a problem, when time comes and there is a big war then congress can meet and create a temporary amendment that let them override the spending limit. US hasn't been in a proper war since second world war anyway.
    Please. Don't let the politicians pool the wool over your eyes. Korea wasn't a war? Vietnam wasn't a war? Iraq and Afghanistan aren't wars? I know, the US never declared war, but to say they aren't wars is just a lie.

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    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

  3. #13
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    Re: Balanced Budget Ammendment

    Quote Originally Posted by Bigfoot 88 View Post
    Do you think that the federal government should be required by the Constitution to maintain a balanced budget?

    The reason I am asking this is, we are digging ourselves into an enourmous hole and President Obama's budget would raise the deficit to 21 trillion by 2021.
    No, we should not maintain a balanced budget.

    Most people cannot live on a balanced budget - that is without debt. People use debt to get student loans, to get mortgages, to get capital to start up businesses. They use debt to eventually create a profit.

    Same thing happens in regards to the government. The government borrows money and uses that money for certain programs. Those programs can then help create a profit.

    This is especially the case with things like transportation infrastructure. I believe that for every $1 we spend on transportation infrastructure, we get $1.60 back, for a profit of $0.60 per dollar spent.

    Also, government debt is good for creditors since our government is so traditionally stable.

    So no - a balanced budget amendment would be a very bad idea. Maybe an amendment that would limit how much debt we could borrow would be a good idea. But there are also other things that could be done too.

    For instance, a war tax amendment. If our armed forces are deployed in combat for over 90 days anywhere then the federal government institutes a mandatory sales tax on all goods and services to pay for it.

    Another would be a national internet sales tax. All goods and services paid for over the internet should be taxed at 5%. 1% goes to the buyer's local government, 1% goes to the buyer's state government, 1% goes to the vendor's local government, 1% goes to the vendor's state government, and 1% goes to the federal government. This also has the added benefit of allowing stores to compete better with internet vendors.

    There's many other options we could do to increase tax revenues to pay off the government debt and government deficit.
    Also, we need to legalize recreational drugs and prostitution.

  4. #14
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    Re: Balanced Budget Ammendment

    Government debt removes capital from the market that could be used by private companies to build the things that consumers actually demand. Government debt is a bad thing.

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

  5. #15
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    Re: Balanced Budget Ammendment

    It does have its downsides, but don't you think it outweights the horrors of the huge debt we keep piling up?
    "I have never understood why it is "greed" to want to keep the money you have earned but not greed to want to take somebody else's money." -Thomas Sowell

  6. #16
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    Re: Balanced Budget Ammendment

    Quote Originally Posted by Bigfoot 88 View Post
    It does have its downsides, but don't you think it outweights the horrors of the huge debt we keep piling up?
    The only example he provided was transportation, and private companies can provide that service.

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    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

  7. #17
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    Re: Balanced Budget Ammendment

    Quote Originally Posted by Bigfoot 88 View Post
    It does have its downsides, but don't you think it outweights the horrors of the huge debt we keep piling up?
    The problem is that it's a permanent solution to a temporary problem. Yes, we would fix the discretionary spending problem that we have, but there's other and better ways to do that. You can't just pass another amendment or repeal it if a war or national emergency comes up. Amending the Constitution is a deliberately onerous process, because the framers of the Constitution recognized that changing it for political whims is a bad idea. Look at Prohibition. Eventually it was repealed, but it took time.

    This is like someone saying "I have a problem controlling my sexual urges. Therefore, the solution is to cut off my penis." Yes, it does solve that problem, but you might want your penis later in life when you've learned to control yourself and would like to have a family.

  8. #18
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    Re: Balanced Budget Ammendment

    Quote Originally Posted by Camlon View Post
    I actually don't think this is a problem, when time comes and there is a big war then congress can meet and create a temporary amendment that let them override the spending limit. US hasn't been in a proper war since second world war anyway.
    I think they'd just declare war to spend more... or even a no fly zone. Using war as as a trigger for spending is a bad idea.

  9. #19
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    Re: Balanced Budget Ammendment

    Quote Originally Posted by Bigfoot 88 View Post
    Do you think that the federal government should be required by the Constitution to maintain a balanced budget?
    Not necessary. US budget IS balanced every year. The Treasury Department makes up the difference. Good thing too. All Government debts have to be paid when due. The proof is there is never a carry over deficit the following year.

    ricksfolly

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    Re: Balanced Budget Ammendment

    Quote Originally Posted by phattonez View Post
    Government debt is a bad thing.
    All governments are in debt, most are in worse shape than us. Even if we raise the National Debt to 20 trillion, we'll still be the best risk.

    ricksfolly

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