Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
One that makes exceptions ONLY for wars DECLARED BY CONGRESS. And those exceptions must expire after a period, say 6 months, and must be re-voted by a two-thirds majority of each house, every time, to be kept.
Don't like it? Think it causes too many problems?
Name something else that will work.
Huge, soaring debt causes even more problems than this BBA will.
And the BBA must have another feature: teeth. If a Congress fails to pass a balanced budget by October 1 of any fiscal year, ALL members of that Congress (House and Senate) become ineligible to run for office in the next election, or any subsequent election for ANY public office.
There's nothing magic about the 535 people currently in the House and Senate. Throwing them all out and putting in completely new stock, will not do appreciable harm, and will likely do a lot of good.
At current minimum wage, the only reason people can survive is because of government assistance like food stamps and welfare. By lowering minimum wage all you're doing is increasing the amount of tax money required to subsidize the working poor.
Minimum wage pays too much to qualify for welfare. Min wage workers have to pop out a kid or two before they are eligible for welfare.
Production - Regulations hinder production right now. They should protect the consumer with a small impact on production. Lower minimum wages to allow business to hire more people. Increasing production should be main goal.
Taxes - Everyone over 20 pays 10% on income generated. Maybe also a poverty rate of 3%-5%. No behavior based tax credits (mortgage interest, charity, green energy use, etc). Defangs IRS and remove a bunch of their personnel - which saves money, and put those people into the private marketplace where they can be productive.
Spending - Obviously needs to be cut everywhere since they are out of control. Basically the people need to get with it and put people into office who have the heart to cut spending and balance the books.
That's off the top of my head... obviously highly unlikely to occur.
One that makes exceptions ONLY for wars DECLARED BY CONGRESS. And those exceptions must expire after a period, say 6 months, and must be re-voted by a two-thirds majority of each house, every time, to be kept.
Don't like it? Think it causes too many problems?
Name something else that will work.
Huge, soaring debt causes even more problems than this BBA will.
Mix that with Dr robb and I think we could take some steps
Mix that with Dr robb and I think we could take some steps
I don't know who/what Dr robb is.
BTW, I edited that post to add the following:
Quote:
Originally Posted by Little-Acorn
And the BBA must have another feature: teeth. If a Congress fails to pass a balanced budget by October 1 of any fiscal year, ALL members of that Congress (House and Senate) become ineligible to run for office in the next election, or any subsequent election for ANY public office.
There's nothing magic about the 535 people currently in the House and Senate. Throwing them all out and putting in completely new stock, will not do appreciable harm, and will likely do a lot of good.
Production - Regulations hinder production right now. They should protect the consumer with a small impact on production. Lower minimum wages to allow business to hire more people. Increasing production should be main goal.
Taxes - Everyone over 20 pays 10% on income generated. Maybe also a poverty rate of 3%-5%. No behavior based tax credits (mortgage interest, charity, green energy use, etc). Defangs IRS and remove a bunch of their personnel - which saves money, and put those people into the private marketplace where they can be productive.
Spending - Obviously needs to be cut everywhere since they are out of control. Basically the people need to get with it and put people into office who have the heart to cut spending and balance the books.
That's off the top of my head... obviously highly unlikely to occur.
Quote:
Originally Posted by Little-Acorn
I don't know who/what Dr robb is.
BTW, I edited that post to add the following:
From DRob4JC my bad spelling apologies. I think when you combine your idea and his/her we might have a plan
Well obviously a growing economy does help generate more tax revenue, but to simply grow out of our national debt isn't realistic.
How much do you think taxes can be raised and spending cut before it hurts the potential for the economy to grow?
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
