Constitutional balance budget on the horizon? Let's hope so!

[Faun]

Liberals will probably just diss Norris and ignore the message like they always do. Fact is that we need to do something or we will end up so far in debt that we will collapse. We can make a lot of cuts in Washington despite Pelosi's claims that there are no more cuts to be made. We can start with forgetting about amnesty. People migrating here should not cost us money and that's a fact. Obama's amnesty has a hefty price tag and it's not right for tax payers to foot the bill for that.

Washington is irresponsible with our money and that is a fact. All we hear is that what they spend on their own expenses, with private jets and hefty food and alcohol bills, is a mere pittance in the scheme of things and that it wouldn't make any difference. When they take that same attitude towards all their spending, it's easy to see how those bills added up to drown us in debt.

Liberals especially tend to put us on unsustainable paths. Either we tackle this now or wait till we are forced to cut necessary things because the money runs out.


From the link:

"A constitutional balanced budget amendment, or BBA, is not a new idea, and neither is the states’ push for such legislation," he continued.

"However, what could be new to many Americans is just how close its enactment is to becoming reality. Unknown to many, 25 states have already called for the convention to add the BBA, and only nine more states (34 in total, or two-thirds) are required to force the convention."

Norris said that many state legislators are fearful of a BBA because they fear "that it would put the U.S. economy in further jeopardy during recessions or years with lower federal revenue by forcing policymakers to cut spending, raise taxes or both; hence, ultimately leading to higher deficits and a weaker economy, or so they say."


However, Norris quotes University of Colorado economist Barry Poulson, who posits that "The Congressional Budget Office projects that under current law over the next 25 years federal spending will increase to 36 percent of national income."

"The increased deficits and debt that accompany this spending will result in retardation and stagnation in economic growth that will make it virtually impossible to balance the budget."

"If we wait another decade to constrain spending the task of balancing the federal budget becomes insurmountable. By then the economy will be stagnating; and eliminating deficits will require that federal spending be cut in half, something that will never happen."


Norris closes with a dire warning, admixed with a bit of hope.

"The window to stop and correct the economic chaos perpetuated by Washington is narrow and passing," he writes.

"Without intervention, Washington will spiral our economy to its point of no return. All other solutions for economic federal restraint or solvency have proven fruitless, despite the best of intentions of some.

"The only way to save our posterity from inevitable economic peril is to enact this BBA as soon as possible. There is no reasonable alternative."

http://conservativetribune.com/chuck-norris-article-v/

While it doesn't sound like a bad idea, if it's a Conservative idea, it obviously is a bad idea. Conservatives almost never come up with good ideas.

 

[occupied]

A balanced budget amendment is a one way trip to rapid decline and eventual ruin.

Yeah..Because you libs never saw a tax or spending bill you didn't like...
We get it....You despise the notion of fiscal responsibility.
As long as there is some one who has the money and a ride to the store, the keg party never ends....

Have you ever considered what would happen to the world economy if we made such a move? I do not think you have. Imagine what would happen if America foolishly crippled it's ability to be the reserve currency of the world. A world-wide depression would result and we would have no way to dig out because we threw away our shovel.

 

[eagle1462010]

A balanced budget amendment is a one way trip to rapid decline and eventual ruin.

Yeah..Because you libs never saw a tax or spending bill you didn't like...
We get it....You despise the notion of fiscal responsibility.
As long as there is some one who has the money and a ride to the store, the keg party never ends....

Have you ever considered what would happen to the world economy if we made such a move? I do not think you have. Imagine what would happen if America foolishly crippled it's ability to be the reserve currency of the world. A world-wide depression would result and we would have no way to dig out because we threw away our shovel.

You can't shovel the shit forever.........................You can't shovel imaginary money forever without eventually paying a cost for it..................

History of foolish distortion of currency is not good for us..............You may say that looky here.............Our money is more valuable..................by comparing it to a country manipulating their money as well...................

This problem will eventually break us..............Like a drug addict people like you must have their fix.

 

[thereisnospoon]

A balanced budget amendment is a one way trip to rapid decline and eventual ruin.

So is unrestrained deficit spending.

Bullshit, nothing would damage us more than being forced to neglect big problems because they cost too much and no way to raise additional funds because our hands are tied.

Nothing would damage us more then some people trying to stop us from being $25 trillion in debt.... or $30 trillion...

Try having our national credit rating downgraded to junk and everyone rushing to cash in their bonds, it would be the immediate response to a BBA.

What the hell are you yammering about....
The downgrade of our credit rating is due to the mounting deficit.
You people bitch and moan about the Chinese buying this and the Chinese stealing jobs. The Chinese this and the Chinese that...
Hey genius, the Chinese government BUYS our debt. And our government keeps supplying them with debt....
Here's the problem....The Chinese government is about to have a gigantic problem when the industrial complex stubs its toe and can no longer keep paying the taxes that pay for these so called "ghost cities".
chinese ghost cities - Google Search

chinese ghost cities - Google Search

Sometime in the not too distant future the bills for these things are going to cause the Chinese economy to collapse. And those pricks are going to want their money back from US.....
So the sooner we stop running up debt to sell to China, the quicker we can pay them off and then they can collapse their own economy and leave us out of it..
But no.....You'd rather keep those social programs funded because you "feel sorry".....Mean while the Chinese have us over a barrel.

 

[Darkwind]

These morons who think government financing works like Mommy's checkbook. Unbelievable.

Oh look. A moron who thinks math gets harder by simply adding zeros to the numbers.

 

[eagle1462010]

And my favorite

 

[Faun]

A balanced budget amendment is a one way trip to rapid decline and eventual ruin.

Yeah..Because you libs never saw a tax or spending bill you didn't like...
We get it....You despise the notion of fiscal responsibility.
As long as there is some one who has the money and a ride to the store, the keg party never ends....

You say that as if the right doesn't spend like crazy too. True, Democrats are the party of tax and spend; but the only difference between the two is Republicans are the party of borrow and spend.

 

[PaintMyHouse]

These morons who think government financing works like Mommy's checkbook. Unbelievable.

Oh look. A moron who thinks math gets harder by simply adding zeros to the numbers.

You guys can't do the math, or the economics, hence the problem.

 

[occupied]

A balanced budget amendment is a one way trip to rapid decline and eventual ruin.

Yeah..Because you libs never saw a tax or spending bill you didn't like...
We get it....You despise the notion of fiscal responsibility.
As long as there is some one who has the money and a ride to the store, the keg party never ends....

Have you ever considered what would happen to the world economy if we made such a move? I do not think you have. Imagine what would happen if America foolishly crippled it's ability to be the reserve currency of the world. A world-wide depression would result and we would have no way to dig out because we threw away our shovel.

You can't shovel the shit forever.........................You can't shovel imaginary money forever without eventually paying a cost for it..................

History of foolish distortion of currency is not good for us..............You may say that looky here.............Our money is more valuable..................by comparing it to a country manipulating their money as well...................

This problem will eventually break us..............Like a drug addict people like you must have their fix.

America has never defaulted on a bond legally issued in it's name, has never even really come close, except once, when Republicans tried a likely sounding theory of fiscal "responsibility" and set back recovery at least a year, caused a downgrade, and shook the world financial markets. Remember if you can back to that time of fear, multiply it, and make it permanent. We already have an excellent sample of the destabilizing shit storm that would happen.

 

[thereisnospoon]

A balanced budget amendment is a one way trip to rapid decline and eventual ruin.

Yeah..Because you libs never saw a tax or spending bill you didn't like...
We get it....You despise the notion of fiscal responsibility.
As long as there is some one who has the money and a ride to the store, the keg party never ends....

Have you ever considered what would happen to the world economy if we made such a move? I do not think you have. Imagine what would happen if America foolishly crippled it's ability to be the reserve currency of the world. A world-wide depression would result and we would have no way to dig out because we threw away our shovel.

Who is saying THAT?...
The USD will always be the hardest of hard currency.
It was in fact the government of China that expressed deep concerns over our runaway spending.
Is it your conclusion that the stability of the USD is based solely on our government's propensity to run up debt?

 

[thereisnospoon]

These morons who think government financing works like Mommy's checkbook. Unbelievable.

No our government should be run like a business. One that cannot go into debt without a guarantee of repayment....Bonds do not do that..Selling of Bonds and Treasury Notes only extend the life of what is essentially a Ponzi scheme.

 

[OKTexas]

Liberals will probably just diss Norris and ignore the message like they always do. Fact is that we need to do something or we will end up so far in debt that we will collapse. We can make a lot of cuts in Washington despite Pelosi's claims that there are no more cuts to be made. We can start with forgetting about amnesty. People migrating here should not cost us money and that's a fact. Obama's amnesty has a hefty price tag and it's not right for tax payers to foot the bill for that.

Washington is irresponsible with our money and that is a fact. All we hear is that what they spend on their own expenses, with private jets and hefty food and alcohol bills, is a mere pittance in the scheme of things and that it wouldn't make any difference. When they take that same attitude towards all their spending, it's easy to see how those bills added up to drown us in debt.

Liberals especially tend to put us on unsustainable paths. Either we tackle this now or wait till we are forced to cut necessary things because the money runs out.


From the link:

"A constitutional balanced budget amendment, or BBA, is not a new idea, and neither is the states’ push for such legislation," he continued.

"However, what could be new to many Americans is just how close its enactment is to becoming reality. Unknown to many, 25 states have already called for the convention to add the BBA, and only nine more states (34 in total, or two-thirds) are required to force the convention."

Norris said that many state legislators are fearful of a BBA because they fear "that it would put the U.S. economy in further jeopardy during recessions or years with lower federal revenue by forcing policymakers to cut spending, raise taxes or both; hence, ultimately leading to higher deficits and a weaker economy, or so they say."


However, Norris quotes University of Colorado economist Barry Poulson, who posits that "The Congressional Budget Office projects that under current law over the next 25 years federal spending will increase to 36 percent of national income."

"The increased deficits and debt that accompany this spending will result in retardation and stagnation in economic growth that will make it virtually impossible to balance the budget."

"If we wait another decade to constrain spending the task of balancing the federal budget becomes insurmountable. By then the economy will be stagnating; and eliminating deficits will require that federal spending be cut in half, something that will never happen."


Norris closes with a dire warning, admixed with a bit of hope.

"The window to stop and correct the economic chaos perpetuated by Washington is narrow and passing," he writes.

"Without intervention, Washington will spiral our economy to its point of no return. All other solutions for economic federal restraint or solvency have proven fruitless, despite the best of intentions of some.

"The only way to save our posterity from inevitable economic peril is to enact this BBA as soon as possible. There is no reasonable alternative."

http://conservativetribune.com/chuck-norris-article-v/

Do you seriously think congress will call a convention when they have already ignored more than 600 requests, many on this same subject.

Here's a link to the request that could be found.

Friends of the Article V Convention - Congressional Records

I scrolled through them and just shook my head, our republic has been lost already, it just hasn't been formalized, yet.

 

[Where_r_my_Keys]

Liberals will probably just diss Norris and ignore the message like they always do. Fact is that we need to do something or we will end up so far in debt that we will collapse. We can make a lot of cuts in Washington despite Pelosi's claims that there are no more cuts to be made. We can start with forgetting about amnesty. People migrating here should not cost us money and that's a fact. Obama's amnesty has a hefty price tag and it's not right for tax payers to foot the bill for that.

Washington is irresponsible with our money and that is a fact. All we hear is that what they spend on their own expenses, with private jets and hefty food and alcohol bills, is a mere pittance in the scheme of things and that it wouldn't make any difference. When they take that same attitude towards all their spending, it's easy to see how those bills added up to drown us in debt.

Liberals especially tend to put us on unsustainable paths. Either we tackle this now or wait till we are forced to cut necessary things because the money runs out.


From the link:

"A constitutional balanced budget amendment, or BBA, is not a new idea, and neither is the states’ push for such legislation," he continued.

"However, what could be new to many Americans is just how close its enactment is to becoming reality. Unknown to many, 25 states have already called for the convention to add the BBA, and only nine more states (34 in total, or two-thirds) are required to force the convention."

Norris said that many state legislators are fearful of a BBA because they fear "that it would put the U.S. economy in further jeopardy during recessions or years with lower federal revenue by forcing policymakers to cut spending, raise taxes or both; hence, ultimately leading to higher deficits and a weaker economy, or so they say."


However, Norris quotes University of Colorado economist Barry Poulson, who posits that "The Congressional Budget Office projects that under current law over the next 25 years federal spending will increase to 36 percent of national income."

"The increased deficits and debt that accompany this spending will result in retardation and stagnation in economic growth that will make it virtually impossible to balance the budget."

"If we wait another decade to constrain spending the task of balancing the federal budget becomes insurmountable. By then the economy will be stagnating; and eliminating deficits will require that federal spending be cut in half, something that will never happen."


Norris closes with a dire warning, admixed with a bit of hope.

"The window to stop and correct the economic chaos perpetuated by Washington is narrow and passing," he writes.

"Without intervention, Washington will spiral our economy to its point of no return. All other solutions for economic federal restraint or solvency have proven fruitless, despite the best of intentions of some.

"The only way to save our posterity from inevitable economic peril is to enact this BBA as soon as possible. There is no reasonable alternative."

http://conservativetribune.com/chuck-norris-article-v/

Sadly, for the last 50 years; since the passing of 'The Great Society'... which came about during 'The Civil Rights Movement' and many of its laws literally include the vaunted 'civil rights legislation' which let black folks sit at the counter and ride in the front of the bus... and which by now preclude the means of the US Federal Government to tend to its constitutional responsibilities, without spending massive amounts of money in deficit.

This is not to say that this is what obama did... as the vast majority of the 9 trillion dollars obama has spent in deficit in 6 years, cannot be accounted for. Most believe that it is presently funding ISIS and other Islamic Militant activities, helping the Iranians get their nukes and funding the Communist opposition to Netanyahu.

The issue however is that "The Great Society" was a Soviet orchestrated sabotage of the United States.

I think history shows that Johnson was a dupe... and came to understand what he had done far too late to do anything about it and his realization of what he had done sent him into insanity and an early demise.

But... he did it, nonetheless and 'it' is on the verge of doing what it was designed to do; destroy the United States and in so doing, the means of the United States to project influence over the world.

So... absent rescinding "The Great Society", which isn't going to happen, there will be no 'Balanced Budget'... ever, except on the otherside of the civil war that the Left will deliver to the US and quite soon.

 

[occupied]

A balanced budget amendment is a one way trip to rapid decline and eventual ruin.

Yeah..Because you libs never saw a tax or spending bill you didn't like...
We get it....You despise the notion of fiscal responsibility.
As long as there is some one who has the money and a ride to the store, the keg party never ends....

Have you ever considered what would happen to the world economy if we made such a move? I do not think you have. Imagine what would happen if America foolishly crippled it's ability to be the reserve currency of the world. A world-wide depression would result and we would have no way to dig out because we threw away our shovel.

Who is saying THAT?...
The USD will always be the hardest of hard currency.
It was in fact the government of China that expressed deep concerns over our runaway spending.
Is it your conclusion that the stability of the USD is based solely on our government's propensity to run up debt?

We use our excellent credit to stabilize our economy and the dollar. It's not the sole reason but you know how sensitive the markets are. How do you think they would react to news that America is probably going to run out of money every year?

 

[Where_r_my_Keys]

We use our excellent credit to stabilize our economy and the dollar. It's not the sole reason but you know how sensitive the markets are. How do you think they would react to news that America is probably going to run out of money every year.

ROFLMNAO!

The US Dollar is a LOT of things... 'stable' is certainly not one of them.

At present there are tens of trillions of plastic banana E-dollars floating around propping up the equity and debt markets. At some point those dollars will need to come home and the INSTANT that they start coming back... the US Dollar is going to explode in something well beyond hyper-inflation.

This is not a possibility... it is an axiomatic certainty. an hour after it begins, a $3.50 loaf of bread will cost $350. In a day, it will cost $3500... two days $35,000 and within a month, a loaf of bread will cost 35 million dollars.

Your $2000wk salary will not buy you a bottle of water. Of course, on the bright side, your $2500/month rental property will, at least in the short term, set you back less than what you're paying for a loaf of bread.

So, you'll have THAT goin' for ya.

On the downside, all of those e-dollars are not in print... and that means that there will be no means for anyone to get their hands on enough currency to buy that $35 million loaf of bread... and given that the US Government reduced tender to nothing larger than $100 bills, even if you COULD get enough cash... you'd need a semi-trailer to carry it and a semi-trailer MORE cash to carry sufficient money to buy the gas to haul it.

And if you're thinking that e-dollars will save the day, guess again. As the most ludicrous deal you can make for your time today, will be worthless tomorrow.

Now that's just the basic run down of how hyper-inflation works and how it has historically worked... particularly in the cases demonstrated in the 20th century. The looming collapse of the United States, will make the above scenario seem like a walk in the park.

 

[occupied]

We use our excellent credit to stabilize our economy and the dollar. It's not the sole reason but you know how sensitive the markets are. How do you think they would react to news that America is probably going to run out of money every year.

ROFLMNAO!

The US Dollar is a LOT of things... 'stable' is certainly not one of them.

At present there are tens of trillions of plastic banana E-dollars floating around propping up the equity and debt markets. At some point those dollars will need to come home and the INSTANT that they start coming back... the US Dollar is going to explode in something well beyond hyper-inflation.

This is not a possibility... it is an axiomatic certainty. an hour after it begins, a $3.50 loaf of bread will cost $350. In a day, it will cost $3500... two days $35,000 and within a month, a loaf of bread will cost 35 million dollars.

Your $2000wk salary will not buy you a bottle of water. Of course, on the bright side, your $2500/month rental property will, at least in the short term, set you back less than what you're paying for a loaf of bread.

So, you'll have THAT goin' for ya.

A sure way to make those dollars come back suddenly is to fundamentally shake confidence in them. A BBA is just about the most damaging way to accomplish this in a single act and be very difficult to reverse. I can't believe you haven't considered the aftermath of this foolhardy bullshit.

 

[SwimExpert]

You better be willing to cut the military budget in half to get this idiotic idea. Of course I know what you'll do...You'll cut infrastructure, science, and r&d until they're gone and then you will point fingers at the rats when our science programs don't stop that next virus or warn you of that Katrina. You will point your nasty fucking fingers at the rats the next time that bridge falls into the river or when China is funding the best tech on the planet!!! And wondering what the fuck happen to America as you post a slam on Obama or President Clinton.

You people shouldn't be allowed near power, but sadly the only opposition in this country besides the moderate republicans is a bunch of social identity politic morons.

What if I told you we could cut taxes AND generate a budgetary surplus, with only a 10% reduction in defense spending?

 

[SwimExpert]

Inflation and economic growth will solve this faster than you think.

Actually, that's already happening now. The government currently is getting negative interest rates on the debt. Of course, this won't last forever so it only gets us so far.

 

[occupied]

You better be willing to cut the military budget in half to get this idiotic idea. Of course I know what you'll do...You'll cut infrastructure, science, and r&d until they're gone and then you will point fingers at the rats when our science programs don't stop that next virus or warn you of that Katrina. You will point your nasty fucking fingers at the rats the next time that bridge falls into the river or when China is funding the best tech on the planet!!! And wondering what the fuck happen to America as you post a slam on Obama or President Clinton.

You people shouldn't be allowed near power, but sadly the only opposition in this country besides the moderate republicans is a bunch of social identity politic morons.

What if I told you we could cut taxes AND generate a budgetary surplus, with only a 10% reduction in defense spending?

But wait! Order right now and get a free lecture on the benefits of trickle down economics and a can of spray-on hair!

 

[whitehall]

Amending the Constitution is serious business. Democrats couldn't even write a health care bill shorter than a Stephen King novel. The people we have in Washington on both sides don't have the moral character or the education to amend the Constitution. A balanced budget amendment is a pie in the sky excuse for not electing the right people to do the job in the first place.