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#21
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Tarver Engineering wrote:
"Ed Rasimus" wrote in message ... If we were to be bound by a Constitutional Amendment to balance the budget every year, we would be left unable to respond to exceptional circumstances such as 9/11. Any such amendment would be extreemly deflationary. Flat-out ruinous, frankly, and therefore foolish. Balanced budgets are a good idea, but not everything that affects spending requirements is in the government's control, so they need the flexibility -- the borrowing power -- to deal with the things that are not. -- Andrew Chaplin SIT MIHI GLADIUS SICUT SANCTO MARTINO (If you're going to e-mail me, you'll have to get "yourfinger." out.) |
#22
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"Andrew Chaplin" wrote
Tarver Engineering wrote: "Ed Rasimus" wrote If we were to be bound by a Constitutional Amendment to balance the budget every year, we would be left unable to respond to exceptional circumstances such as 9/11. Any such amendment would be extreemly deflationary. Flat-out ruinous, frankly, and therefore foolish. Balanced budgets are a good idea, but not everything that affects spending requirements is in the government's control, so they need the flexibility -- the borrowing power -- to deal with the things that are not. Thus my suggestion that the budget should be balanced at least two years out of seven. If we pay down the debt, we get a free 300 billion. |
#23
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Andrew Chaplin burbled:
Tarver Engineering wrote: "Ed Rasimus" wrote in message ... If we were to be bound by a Constitutional Amendment to balance the budget every year, we would be left unable to respond to exceptional circumstances such as 9/11. Any such amendment would be extreemly deflationary. Flat-out ruinous, frankly, and therefore foolish. Balanced budgets are a good idea, but not everything that affects spending requirements is in the government's control, so they need the flexibility -- the borrowing power -- to deal with the things that are not. -- Seven Trillion and rising, RETARD. $Seven $Trillion and rising fast. http://www.brillig.com/debt_clock/ Grantland |
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