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Do you believe we will ever have a balanced budget again?

Do you believe we will ever have a balanced budget again?

  • Total voters
    31
No, it's never going to happen.
 
radcen said:
Do you believe we will ever have a balanced budget again?
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The only way I can see that happening is some massive change in the general direction we appear to be headed.

Possible, but extremely unlikely.
 
Was there ever a time it was truly balanced?
 
It will take two political parties that don't hate each others guts, as well a culture that isn't polarized. Everyone will have to compromise and make concessions they didn't want to, which is impossible in this political environment, and so it's not going to happen for a looooong time.
 
MovingPictures said:
It will take two political parties that don't hate each others guts, as well a culture that isn't polarized. Everyone will have to compromise and make concessions they didn't want to, which is impossible in this political environment.
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I believe it would take a citizenry that doesn't expect government to do pretty much everything for them.
 
radcen:

Perhaps after declaring national bankruptcy and clearing the books of debt, but otherwise, no.

Cheers.
Evilroddy.
 
Not so long as so many people believe that every taxpayer dollar spent by the government is sacred and cannot be reduced by even a single penny or billions of people will die.
 
radcen said:
I believe it would take a citizenry that doesn't expect government to do pretty much everything for them.
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radcen:

Most of that accumulated debt was not paid out to citizens at all. It was amassed by huge military spending, financing of wars, lavish corporate welfare and irresponsibly cutting taxes while simultaneously continuing to spend profligately. Don't blame "the people" for the spendthrift of political elites to their cronies in the business of war, commerce and finance.

Cheers.
Evilroddy.
 
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ttwtt78640 said:
Because we pretend to have a debt ceiling, of course.
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Possibly because people operate largely off the reference of their personal experience, in which a balanced budget is important.

It's less clear whether a balanced budget is necessary, for the federal government.

Or at least I recall reading something that suggested it might not be.
 
Unitedwestand13 said:
Here is a question: why is there a urgent desire for the government’s budget to be balanced.
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Approx 4 trillion in revenue this year give or take

Approx 850billion of that in interest payments

If that alone doesn’t tell you WHY we need to start looking at our debt, nothing will
 
We spend about $1.50 for every dollar we take in. That won't ever change much. Politicians on both sides use spending to get themselves re-elected; and that's the main goal, not any kind of fiscal responsibility. Both promise something for nothing; both push the debt down the road. Republicans fight wars this way; Democratic Chicago politicians sign off on overly-generous benefits and pensions (to gain union support) they know the state will never be able to honor. Both sets of politicians believe they will be out of there before the bill comes due.

With a system like that we will always have debt. Even if we defaulted, the next day we would be borrowing again.
 
The Mark said:
Possibly because people operate largely off the reference of their personal experience, in which a balanced budget is important.

It's less clear whether a balanced budget is necessary, for the federal government.

Or at least I recall reading something that suggested it might not be.
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There may be some merit to that position - especially when the interest rate is below the inflation rate. How long that can last is a question that I can't answer.
 
radcen said:
Do you believe we will ever have a balanced budget again?
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No. Not until the first year after the economy crashes.
/
 
Evilroddy said:
radcen:

Perhaps after declaring national bankruptcy and clearing the books of debt, but otherwise, no.

Cheers.
Evilroddy.
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How can we declare national bankruptcy when we have a fed reserve?
 
radcen said:
Do you believe we will ever have a balanced budget again?
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A "balanced" budget?

I'm wondering if we'll ever have a "budget"!!
 
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