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I was just asking myself the same question as I read the news on my laptop.
Cut cap and balance-regardless of political leaning would be good for our country. Simple as that, it is the right thing to do to help ensure our nations health and prosperity.
I'm for it.

It makes congresses job much tougher for the way they prefer to do business.

Yay

Cut cap and balance would throw the nation into another recession at a minimum.

What did the founding fathers have to say on the subject?

Nobody volunteers for a recession. Nobody goes looking for austerity. Austerity comes looking for you. The USA economy is propped up by government deficit spending.

The private central bank does its job well. It prints money out of thin air, loans it out, and turns it into debt. Debt is the national currency, not the US dollar. Debt is the world currency. In the financial/banking crisis and in the current artificially manufactured US debt crisis, all steps were taken to protect debt.

They are? I didn't even know they were sick.

In America, austerity find YOU!

Austerity is coming, just not yet. All it will take is a flash point just like what happened in Greece. Foreign investors lost confidence that they would get repaid and interest rates went from 5% to 15%. Game over.

The most important thing the USA can do is reassure foreign investors that they will get repaid somehow so the 2.9% interest rate is a good deal. The second most important thing is to reinforce 401K investment strategies to include a mix of stocks and bonds. Those bonds are another major holder of US debt.

In the grand scheme of things USA debt is still very safe. Under President Obama we are going through a massive retooling of the nation that has forced a fundamental political ideology fight. 25% of GDP is now the government sector and something like 20% of disposable income comes from government sources. If these levels are justifiable then the solution is massive tax increases to properly fund all the services we are demanding from government. If we don't want the taxes, then we have to reevaluate cut, cap, and balance versus tax and balance.

The USA is becoming western Europe through the outcome of the recession and sweeping programs like Obamacare. Some people are just getting dragged kicking and screaming.

I heard CROS is in a hospital in bali. I guess someone lit his colostomy bag on fire and he got burned pretty bad.

I wonder if my bank will let me run below zero for awile..??

LOLZ!!!


If our Founding Fathers saw the mess that the progressives have made with their Republic they would've made damn sure to address the "unwritten".

In their world they didn't play word games. They addressed the matter and took care of business. They knew that government's place wasn't to harass free enterprise or endanger personal rights.

If they thought for one second that we'd be operating with a massive debt they would've made sure to put in that there should be no surplus or debt...a clean balance sheet.

Now, with that said...yes we do need a balanced budget amendment. The US government cannot be trusted to do it without one. It is time for the states to force the hand of the Federal oppressor and shackle him down.

Barn door

shake & bake

It's just a jump to the left.....

American socialism lite works fine, it just needs more money.
European socialism heavy works just fine, it just needs more money.

Not necessarily. Thousands of dead Democrats vote early and often in every election.

The Democrats and Obama's plan to solve the debt is to borrow another trillion USD every year, did the hole deeper, and getting Americans even more accustomed to government's role in their lives. Once we all agree the government's role in the GDP is correct, then the only solution is to massively raise taxes to pay for the services that we are demanding.

It is kinda like selling cocaine at a discount price until everyone is hooked.

It really is brilliant. You didn't see the Democrats jack up taxes during the two years that they had the White House and Congress even though they could have. What they did is deficit spend even more and give us Obamacare which is the beginning of nationalized healthcare. In another 8 years, people will be demanding their Obamacare just like Medicare and Social Security and the government will have to raise tax revenue to meet our demands.

Is "bester" a Chinese word ?

Btw,,

The Chinese food you like is NOT real chinese food...



wheel,

Rick
50% of Americans pay NO Income Tax,,,

EVERYONE should pay something,except the severly disabled and anyone over 89 yrs of age..

Like Barry said 'Skin in the Game "


wheel,

They don't really want to change the Constitution. It is just part of the game.

Those on the welfare tend to want more welfare.

Probably just a coincidence.

The only issue with an actual amendment is that it would lead to significant problems in times where the US is necessitated to embrace deficit spending, such as times of war.

We shouldn't need an amendment for a common sense issue.