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| Re: Just raise the F###ing debt ceiling (819413) | |||
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Re: Just raise the F###ing debt ceiling |
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Posted by SMAZ on Sat Jul 30 17:30:54 2011, in response to Re: Just raise the F###ing debt ceiling, posted by dand124 on Sat Jul 30 16:57:49 2011. A balanced budget amendment is a GOOD thing.It sets priorities straight. Had we had one in 2001, we wouldn't be where we are today. Since any constitutional amendments requires 2/3 of Congress,the final product would be well crafted and bipartisan with enough escape valves to account for periods of economic weakness or emergencies. ideally it would require 2/3 majorities for any provisions that would bust a budget, whether in new expenditure or provisions that result in loss of existing revenues. Same with emergencies or wars. A balanced budget would clarify our national priorities and since it's the people who elect the legislators, the result would be tax fairness, the dismantling of our role of world policeman (with borrowed money) and the establishment by popular demand of a sozial-market with the money that we have. Basically when push comes to shove, Social Security, Medicare, VA, FHA, Medicaid, Head Start and Pell Grants stay while corporate welfare and assorted subsidies and giveaways die. In order to keep spending and tax rates stable, you'd get a real effort to re-establish manufacturing and domestic production to maintain growth. You'd see the demise of the NWO and the return of targeted tariffs and other protectionist measures to protect and grow our own production. This would also empower workers and result in higher wages, consumption and tax revenues (with resulting surpluses which would be used to pay down old debt). We would become like Australia. A BBA is the only way to restrain politicians from useless spending or unfunded tax giveaways and destructive trade practices. The only problem is that there are too many Mooch States that would lose BIG with such an amendment in place. More than 12, that's for sure. It may never be ratified. |
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