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Its a good publicity stunt. And I really mean good. It doesn't matter much fiscally, since profits are rebated to the treasury, but is a nice peak behind the curtain.
What a nonsense reply which I've come to expect from you. BORROWED money goes into the general fund which BALANCES the government. Without it the government couldnt be cutting your SS checks
One thing I find interesting is that this isn't a "balanced budget proposal" at all, since it doesn't actually propose a budget that is fiscally balanced. It's a balanced budget amendment, which is basically just a goofy way to strong arm themselves into something they have no actual appetite to do, because the voters would slaughter them once they discovered what had to be cut. And in the end, they'd simply declare some conflict to be a major war, and keep on going.
Also, let's stop pretending that the GOP is somehow the party of fiscal discipline - they haven't been for several decades, and they really aren't now. Their howling is really about their "starve the beast" fantasy, which just keeps failing.
I actually agree with your first paragraph, but your statements saying the GOP hasnt been responsible for decades is incorrect. Prior to the GOP takeover of the Congress in 1997, the Democrats held control for decades. This takeover of course lead to "balanced budgets" until the early 2000's and it was only war expenses which created deficits. Of course then Democrats took back over Congress and has yet to pass a budget since.
What these geniuses don't seem to know is that the Fed masquerades this process with a banking facade:
* country has no money
* country spends money into existence.
* country with surplus sucks money back in.
* country with deficits spends more money into existence.
Of course they made a FED that pretends to loan money, and then they slapped an interest draw on it so they could call it debt.
So basically the "fiscally conservative plan" is to rely on the velocity of money(increasing bank debt with interest). The problem is banks are not lending to broke Americans, and the ones who do drive up asset prices crushing all hope of recovery.
What they also don't understand is money's real value is in the amount of goods and services it can buy.
If there is inflation (expanding the supply of money relative to goods) Money buys less. If there is deflation (decreasing money relative to goods) Money buys more. It works opposite with debt the more inflation it is easier to pay off debt. With deflation debt become near impossible to pay off, because you are making less money and your debt is getting larger day after day and if you cannot pay of debt you default, and if everyone defaults people get terrified and hide there money rather then invest it and when that happens the economy dies.
Perpetual Motion Machine Act
North and South simultaneously Act
Eat Your Own Tail Act
It reminds me of China Town. They cannot figure out in their starched suits that bespeaks good moral fiber that she has a mommy and a sister all in one.
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oh lord...
