Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
Editorials & Other Articles
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
General Discussion
In reply to the discussion: I would like some opinions please..... [View all]lastlib
(28,337 posts)19. It's a ridiculous idea.
If we had had to balance the federal budget at the time of the Pearl Harbor attack, we'd all be speaking Japanese today.
The federal government needs to be able to deficit-spend for economic stimulus in bad economic times. I live in a state in which a balanced budget is constitutionally required, and which has constitutional spending limits. Since those have been in effect, the declines in infrastructure, educational quality, social safety net, and economic growth have been significant. Budget cuts in badly needed programs have been savage and very painful. The balanced-budget/spending limits laws around the country have have similarly disastrous effects on people. They're a bad idea from top to bottom.
Edit history
Please sign in to view edit histories.
Recommendations
0 members have recommended this reply (displayed in chronological order):
86 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
RecommendedHighlight replies with 5 or more recommendations
Demagoguery for folks who are economically illiterate and thus buy the
coalition_unwilling
Aug 2012
#2
True Headline, Sir: Polls Show People Know As Much About Macro-Economics as A Dog Knows About Chess
The Magistrate
Aug 2012
#16
(...can't be a very smart dog--he's got the queen on the wrong colored square...
lastlib
Aug 2012
#78
Aside from what's already mentioned-- such an amendment won't stop debt...
TreasonousBastard
Aug 2012
#15
Final nail in our coffin. Thankfully there is no way to get an Amendment through the process
Egalitarian Thug
Aug 2012
#52
Yes and we have always been able to carry a deficit from one fiscal year to the next....
WCGreen
Aug 2012
#70
From one year to the next. Especially if the cash flow is low at the end of the
WCGreen
Aug 2012
#80
Anyone who supports a balanced budget amendment doesn't understand the issue.
Motown_Johnny
Aug 2012
#76