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Re: Federal debt 

By: Decomposed in 6TH POPE | Recommend this post (1)
Sat, 25 Nov 23 3:37 PM | 37 view(s)
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Msg. 47695 of 60008
(This msg. is a reply to 47692 by micro)

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micro:

Re: “Does anyone besides me believe in a balanced budget and NOT deficit spending?”
That sounds better than it is - primarily because the entire purpose of a fiat money system is to let the rulers spend without limit. If a Balanced Budget Amendment were passed, the rulers would include an emergency clause, then always come up with some emergency or another as reason to invoke the clause.

If we returned to backed money, it would be better, but there would eventually be violations of the backing agreement or a debasement of the backing. We saw how that works under Woodrow Wilson, FDR and Nixon.

The problem is that the rulers don't want monetary constraints, and there is no way to permanently constrain the people who have the power.








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The above is a reply to the following message:
Re: Federal debt
By: micro
in 6TH POPE
Sat, 25 Nov 23 2:52 PM
Msg. 47692 of 60008

Does anyone besides me believe in a balanced budget and NOT deficit spending?

On Capitol Hill it does not appear that way without regard to administration or whatever the congress sets as a so called "Budget". That is a joke. Nobody stays within in nor pays any attention to it..

Worse yet, we don't need a pissydent that will spend every nickel in a budget. We need someone who will greatly reduce what we spend as a total and get back to basics.

I don't believe being the world's policeman is necessary. Let some other countries step up and start using their money to support all the pet projects that are draining us dry..

And lastly, get that **amned U.N. OFF of American soil when they are an ANTI AMERICAN organization who hates us anyway but loves to use our money and resources for free.

there, I feel better now....

Why do we think we need to host our enemies on our soil ?

Get rid of that Marxist body today,,,,


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