Debt to grow by $7T over 10 years you say?

Discussion in 'Politics' started by candycorn, Aug 1, 2011.

  1. candycorn
    Offline

    candycorn Alis volat propriis

    Joined:
    Aug 25, 2009
    Messages:
    37,503
    Thanks Received:
    4,541
    Trophy Points:
    1,130
    Ratings:
    +12,045
    I saw this thread:

    http://www.usmessageboard.com/politics/178222-even-with-deal-debt-still-on-track-to-grow-by-7-trillion-over-next-10-years.html#post3939722

    It leads me to this question.

    Why not, in the first year of a Presidential term (lets say she/he is elected in 2012...the first year will be 2013), they and the Congress negotiate a 4 year budget?

    It seems to me that any deal that doesn't make immediate cuts is subject to the fools the red states send to Congress in the next election...and subject to the fools that the blue states send as well.

    So why not force a Quadrennial budget instead of the yearly, I-Never-Agreed-To-That fest that is sure to take place.

    Thoughts?
     
  2. ba1614
    Offline

    ba1614 Silver Member

    Joined:
    May 9, 2009
    Messages:
    3,812
    Thanks Received:
    875
    Trophy Points:
    98
    Location:
    Deep in the Northern Woods
    Ratings:
    +876
    It's a not very funny joke the way they always punt the cuts to the next guy. It looks like these cuts take effect 2013, and I'll guarantee that if the obama somehow wins in 2012, that will be punted again until 2017.
    Making them accountable makes sense to me, and what you suggest sounds reasonable. I would add that it has to balance at the end of the 4yrs. No accounting bullshit numbers either, real life money.
     
  3. zzzz
    Offline

    zzzz Just a regular American

    Joined:
    Jul 24, 2010
    Messages:
    3,072
    Thanks Received:
    422
    Trophy Points:
    98
    Location:
    Yountsville
    Ratings:
    +429
    Our legislatures are scared and that is how they govern. Scared of what? Scared of losing the next election. They do not govern for the good of the country, they govern for what is good for them. And that means they look out for the people who give them money for those elections because without money today you cannot be elected. So they will never make the decisions that need to be made or pass legislation that is unpopular no matter how much it is needed.
     
    • Thank You! Thank You! x 1
  4. candycorn
    Offline

    candycorn Alis volat propriis

    Joined:
    Aug 25, 2009
    Messages:
    37,503
    Thanks Received:
    4,541
    Trophy Points:
    1,130
    Ratings:
    +12,045
    I agree; no tricks; no counting savings as income...take your tax receipts from the year before and thats your budget. If the economy grows, your actual tax receipts should be larger in the actual calendar year. Use the Inaugural year as the benchmark for all 4 years even though the receipts will be larger. In the fifth year the re-elected President or the new POTUS does the same for the next 4 years. Sis boom bah.
     
  5. candycorn
    Offline

    candycorn Alis volat propriis

    Joined:
    Aug 25, 2009
    Messages:
    37,503
    Thanks Received:
    4,541
    Trophy Points:
    1,130
    Ratings:
    +12,045
    Which is why, I think, it is a good idea to have a quadrennial budget Then maybe have enhancements that are matched dollar for dollar with revenue increases or cuts from the quadrennial but the idea that the next Congress will just wad up the deal passed today/tomorrow and toss it over their shoulder is not an academic argument. It WILL happen.
     
  6. Zander
    Offline

    Zander Platinum Member

    Joined:
    Sep 10, 2009
    Messages:
    17,437
    Thanks Received:
    6,573
    Trophy Points:
    390
    Location:
    Los Angeles CA
    Ratings:
    +12,866
    We don't even need cuts- a simple spending freeze at this years bloated levels - will balance the budget by 2016.

    [​IMG]
     
  7. Flopper
    Offline

    Flopper Gold Member

    Joined:
    Mar 23, 2010
    Messages:
    15,192
    Thanks Received:
    2,696
    Trophy Points:
    260
    Location:
    Washington
    Ratings:
    +5,284
    A 4 year budget? It's taking over a year to get one year budget through congress.
     
  8. Full-Auto
    Offline

    Full-Auto Gold Member

    Joined:
    Jun 13, 2009
    Messages:
    13,555
    Thanks Received:
    1,614
    Trophy Points:
    153
    Ratings:
    +1,615




    [​IMG]
     
    • Thank You! Thank You! x 1
  9. Grampa Murked U
    Offline

    Grampa Murked U Diamond Member

    Joined:
    Jun 13, 2011
    Messages:
    47,529
    Thanks Received:
    8,775
    Trophy Points:
    2,055
    Location:
    Kansas City
    Ratings:
    +23,769
    Changes of this nature won't happen. We need term limits.
     
  10. Zander
    Offline

    Zander Platinum Member

    Joined:
    Sep 10, 2009
    Messages:
    17,437
    Thanks Received:
    6,573
    Trophy Points:
    390
    Location:
    Los Angeles CA
    Ratings:
    +12,866
    Fiscal sanity in three easy steps....

    Step 1- Freeze Federal Spending for 5 years- creates a massive surplus by 2016.
    Step 2- Cap future Federal Spending at 18% of the prior years GDP
    Step 3- Overturn Obamacare. We can't afford another entitlement program.
     
    • Thank You! Thank You! x 1

Share This Page