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. #31
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    Re: Balanced Budget Ammendment

    Want to REALLY balance the budget, and do so without killing the taxpayer?

    Yes? Then recognize that a three step process is needed.

    First, implement Comprehensive Unilateral Taxpayer Salvation. Focus on the easy things first, gutting NPR and the National Endowment for the Arts and similar luxury items no one needs. Once the public sees how good CUTS feels, expands to other unconstitutional programs.

    Secondly, and this is more important than CUTS and it's a move that would guarantee success, do something completely simple.

    Move the tax filing deadline to Halloween or November First, just a scant week or less before the Congressmen raising your taxes is up for re-election.

    Third Step, and agan, equally simple, and essential: End the process of payroll withholding. Make the taxpayer write a check, from his own bank account, using his own money that he's already seen and counted, to pay the tax he owes. The taxpayer manages to pay his rent/mortgage, his cable and telephone bills, his electric and gas bills, he can pay his taxes.

    The Mayor would certainly support a Constitutional Amendment implementing Steps Two and Three. Call it the Raise Awareness of What your Congressmen is Doing To You Amendment.

  2. #32
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    Re: Balanced Budget Ammendment

    I like the ideal but, the federal government does not care about and does not follow the US Constitution
    'The whole universe is going to die!'

  3. #33
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    Re: Balanced Budget Ammendment

    Quote Originally Posted by rocket88 View Post
    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.
    no... with our government, at this point, it's more like cutting off the penis of a child-rapist who (for some reason) cannot be imprisoned. the problem is not temporal; it's inherent.
    Last edited by cpwill; 05-03-11 at 07:28 AM.

  4. #34
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    Re: Balanced Budget Ammendment

    Quote Originally Posted by rocket88 View Post
    It hampers us in the future. For example, if we ever want to fight another war for any reason, the inability to go into debt would hurt us.
    Wars are frightfully expensive, and a complete waste of money, but, sometimes they are necessary.
    Why do people blame Bush and then Obama for this mess ??
    IMO, its started with Reagan's voo-door economics when the real problem was the trade deficit.
    There should be a "temporary" exemption for wars, both declared and non-declared.....
    IMO, no economist in his right mind would advocate tax cuts for the rich when the tax revenues were down. I am not convinced that this concept has any merit.

  5. #35
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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.
    Yes we should have a balanced budget amendment assuming there is an exception for a major national emergency or war. For regular day to day operations the government should live within its means.
    "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

  6. #36
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    Re: Balanced Budget Ammendment

    Quote Originally Posted by cpwill View Post
    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".
    I won't dispute that with you. Which is why we also need to be more efficient about the things the federal government spends money on. But that particular issue won't be fixed by a balanced budget amendment either. That would require separate reforms.
    Also, we need to legalize recreational drugs and prostitution.

  7. #37
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    Re: Balanced Budget Ammendment

    Quote Originally Posted by phattonez View Post
    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.
    Wrong, private businesses borrow from banks. Government backed business money comes from taxes. Banks have no capital shortage, but they only loan to low risk companies and people. Other than Federal deposit insurance (FDIC) limit, the Government has no other connection with private banks.

    ricksfolly

  8. #38
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    Re: Balanced Budget Ammendment

    Quote Originally Posted by ricksfolly View Post
    Wrong, private businesses borrow from banks. Government backed business money comes from taxes. Banks have no capital shortage, but they only loan to low risk companies and people. Other than Federal deposit insurance (FDIC) limit, the Government has no other connection with private banks.

    ricksfolly
    govt backed business money still comes from banks.

    Originally Posted by johnny_rebson:

    These are the same liberals who forgot how Iraq attacked us on 9/11.


  9. #39
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    Re: Balanced Budget Ammendment

    Quote Originally Posted by liblady View Post
    govt backed business money still comes from banks.
    True, but only from Federal Reserve banks, not private ones, backed by selling T bills, notes, and bonds, and then added to the National debt.

    ricksfolly

  10. #40
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    Re: Balanced Budget Ammendment

    Quote Originally Posted by ricksfolly View Post
    True, but only from Federal Reserve banks, not private ones, backed by selling T bills, notes, and bonds, and then added to the National debt.

    ricksfolly
    not so.......govt "backed" funds are lent from banks but guaranteed by the govt.

    Originally Posted by johnny_rebson:

    These are the same liberals who forgot how Iraq attacked us on 9/11.


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