"I am against a balanced budget amendment. It is a stupid idea, though attractive sounding. "
Really? You keep a budget at home or work? How's that work out if you go over and don't pay it off? "I'm in favor of fiscal discipline but I've been in business long enough to know that you are going to have quarters where your outlay is over your income. Have you ever run a business without a line of credit? " Here is where the rubber meets the road. Businesses do not have an endless line of credit. When they do take a loan, it is imperative to future operations to pay it back or there will be no future loans, unless the executives of Freddie and Fannie are in charge of the bank. I am not opposed, in principal, to some debt. However, it has to be limited. Maybe some percentage revenue. Then, there are other ways to raise money besides going in debt. Research the Revolutionary war and how it was financed. Both Republicans and Democrats have been on the spending train way to long. They will not get off it unless they are forced to. "But a rule requiring government to slash spending when the economy is shitty and therefore when people need help the most? That is really, really stupid and mean." First off, I'll disagree that it is the government's job to "help" people in this broad nanny state ideal. Regulate commerce? Sure. Provide for a common defense? Sure. Pay somebody's mortgage who knew better than to buy a McMansion? Hell No. Second, bankrupting the country for future generations is stupid and mean. I have had some second thoughts on a balanced budget. People ask what do you cut and what do you keep? I think I'm to the point where I say: I don't give a damn. You want to keep welfare and cut military? Go for it. You want the opposite? Fine. Some combination? Whatever. Just keep the balance sheet clean. J - No man's life, liberty, or property is safe while the legislature is in session. - Mark Twain The artificial aristocracy is a mischievous ingredient in government, and provisions should be made to prevent its ascendancy. - Thomas Jefferson ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology-Michael-Dinowitz/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:326275 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
