Let's Pass A Balanced Budget Amendment Now...

Discussion in 'Politics' started by paulitician, Dec 13, 2011.

  1. paulitician
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    paulitician Platinum Member Supporting Member

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    Nice take from Sen. Orrin Hatch (R-UT). Not always a fan of Hatch's but he really did nail this one.


    Our national debt has soared past $15 trillion- forcing a historic debate about the proper size and scope of our government. This debate is an enduring one in our great Republic. It will define who we are as a nation – about our future for our children and grandchildren.

    The American people are demanding dramatic action. But standing in the way is a President who refuses to back away from his failed agenda of higher taxes and higher spending. This is a President who has presided over the single largest reduction in employment in modern times. This is a President who has tried to tax almost anything that moves. This is a President who has increased the national debt by 35 percent on his watch.

    There is only one response to this President and to our spending-fueled debt crisis – that is a constitutional balanced budget amendment that would put a straightjacket on our nation’s addiction to spending money we simply do not have.

    Read More:
    http://biggovernment.com/ohatch/2011/12/12/lets-pass-a-balanced-budget-amendment-now/#more-389860
     
    Last edited: Dec 13, 2011
  2. Truthmatters
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    Truthmatters BANNED

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    your full of myths
     
  3. occupied
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    occupied Gold Member

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    A balanced budget amendment is not possible and would be absolute self destructive folly.
     
  4. DiamondDave
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    DiamondDave Army Vet

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    And YOU'RE full of lies and empty on intelligence
     
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  5. Truthmatters
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    how well can a family get ahead if they never go into debt for anything?
     
  6. occupied
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    occupied Gold Member

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    There are many unintended consequences to this, not the least of which is to tie our hands in an emergency situation. Not only would we have to balance the budget, we would have to keep huge surpluses on hand in case of hurricanes, earthquakes and other unforeseen disasters.
     
  7. martybegan
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    martybegan Gold Member

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    The amendment would allow for exceptions for emergencies. The problem is that deficit spending is the NORM now, and accepted as just part of running the government.

    While keyesian economics has its merits, the problem is that we currently only follow HALF of the strategy laid out. True keyesian economics calls for deficit spending when the economy sucks, followed by using surpluses during boom times to pay back the debt. We currently only do the deficit spending, with no forseeable plan to ever pay down the debt, or even reduce the deficit spending.
     
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  8. Steelplate
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    Steelplate Bluesman

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    great... let's do it... but have adequate measures for emergencies AND not kill Social programs. If we do that... sure.. .let's balance the budget.
     
  9. Annie
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    Annie Diamond Member

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    Can't balance a budget that doesn't exist. It's been more than 3 years now since there was a budget.
     
  10. DiamondDave
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    DiamondDave Army Vet

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    Measures to cut other programs when emergencies pop up.... I would love to see that....

    But eliminate social programs... that is not a constitutional charge of government...
     

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