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. #21
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    Re: Balanced Budget Ammendment

    Quote Originally Posted by ricksfolly View Post
    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
    I don't care what other countries are doing. I showed that it was bad because it means less capital for private businesses that provide the services that people want. Governments do not do that nearly as well as private companies do.

    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

  2. #22
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    Re: Balanced Budget Ammendment

    **** happens. Therefore annual balanced budget is a bad idea.

    Now, a 10 year focus on balanced budget is not a bad idea.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

  3. #23
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    Re: Balanced Budget Ammendment

    Quote Originally Posted by SheWolf View Post
    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.
    I didn't state that there was going to be a trigger to let them spend more. I just said that if a big war comes up, then they can just amend the constitution. They will probably do that anyway, we don't have to tell them.

    phattonez: I wrote proper war. I don't really see them (Vietnam, Korea, etc.) as proper wars, since US never got attacked on it's own soil and could withdraw any moment without consequences.

  4. #24
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    Re: Balanced Budget Ammendment

    i like a spending cap better than a BBA - which inevitably will be as easy to get around as the "Paygo" rule was. require 2/3rds support of congress every year to raise spending by more than the rate of inflation plus population growth, for example.

  5. #25
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    Re: Balanced Budget Ammendment

    Quote Originally Posted by obvious Child View Post
    **** happens. Therefore annual balanced budget is a bad idea.

    Now, a 10 year focus on balanced budget is not a bad idea.
    but we've seen how that works too.

    "the budget is balanced. we spend alot of money on goodies right up until i run for reelection, after which we significantly cut spending and raies taxes..... so it's balanced". except the second part never happens.

    given that politicians have 2, 4, and 6 year timelines that they actually care about, and given that the House is both the generator of budgets and has the shortest timeline ; perhaps a two-year balanced budget would work, which ties the second session to the decisions of the first.
    Last edited by cpwill; 05-03-11 at 06:48 AM.

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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.
    The wording the amendment is critical. Balance how, by raising taxes? By cutting necessary lawful spending to maintain unconstitutional harmful programs? Who gets taxed? How are the taxes implemented?

    The need is for Comprehensive Spending Reform, also known as Comprehensive Unilateral Taxpayer Salvation, or C.U.T.S.

    (The Mayor notes that the use of the word "Comprehensive" seems to have a Pied Piper effect on Lefties. They like to pretend lots of syllables mean more than fewer syllables. So, rather than using the single, three syllable word "amnesty", the Leftist Who Hate America call their scam "Comprehensive Immigration Reform", three words, ten syllables. Only Lefties are fooled into thinking it's not Amnesty, but only Lefties are fooled anyway. Comprehensive Unilateral Taxpayer Salvation is the only way to go.)

  7. #27
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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.
    What's a "temporary amendment" and what articles of the Constitution authorize them?

  8. #28
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    Re: Balanced Budget Ammendment

    Quote Originally Posted by ricksfolly View Post
    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
    ?

    The sum of the previous years' deficits that have not been paid are called the National Debt. Or have you got one of those magic credit cards that resets it's balance to zero on New Year's Eve?

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    Re: Balanced Budget Ammendment

    Quote Originally Posted by ricksfolly View Post
    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
    The projected debt of the United States is in excess of 100,000 billion dollars.

  10. #30
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    Re: Balanced Budget Ammendment

    Quote Originally Posted by samsmart View Post
    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.
    i don't. i've never borrowed money for a car, to go to college, etc. and i'm doing pretty well.

    but what you are missing in your analogy is that people run short term deficits and long term surplusses. I borrow 180K one year for a house, and spend the next 30 running a slight surplus as I pay it off. the government runs 180K deficits every year and never runs a surplus to pay it off.

    in technical terms, this is known as "being dumb".

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