- Dec 18, 2011
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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/
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/
