Balanced budget amendment

Tax cuts are popular, economically stimulating, and easy politics. Everybody likes to pay less.

But where then does the money come from for the programs that those same politicians want to spend on?

The only solution is to force the issue. If you want to enact something like what the Trump administration did with their tax cut plan, you should be required to cut spending. It's otherwise irresponsible and short-sighted. Let's not put $20 trillion of new debt on future generations just so we see a few extra bacon cheeseburgers in the paycheck.

Why not?

@wildgrass said
Tax cuts are popular, economically stimulating, and easy politics. Everybody likes to pay less.

But where then does the money come from for the programs that those same politicians want to spend on?

The only solution is to force the issue. If you want to enact something like what the Trump administration did with their tax cut plan, you should be required to cut spend ...[text shortened]... bt on future generations just so we see a few extra bacon cheeseburgers in the paycheck.

Why not?

@wajoma said
You're right. Spend less.

@wildgrass said
I'm saying pay for what you can afford. If you want to be a popular politician and cut taxes, then do the hard part too. Cut entitlements.

@wajoma said
Agreed. I like it. Too many people addicted to the free stuff that aren't recognising they're paying for the free stuff, more free stuff means they pay more for the free stuff. The trick the pollies have to pull off is convincing you that someone else is paying for your free stuff. Or the best trick, they might convince people that it is actually free and it's coming out the end of a majic wand.

@wildgrass said
It's fixed by a balanced budget amendment. Call your senator. Don't let what trump did happen again.

@wildgrass said
It's fixed by a balanced budget amendment. Call your senator. Don't let what trump did happen again.

@wajoma said
I'm a New Zealand libertarian, no fan of Trump, the dims or any of the main parties in NZ. All goobermints everywhere are doing it. You should take a step back for the bigger picture which I have the advantage of, instead of blinkered dims versus republicans or republicans versus dims.

@phranny said
A balanced budget amendment is stupid. Conservatives like to say that since citizens must live with a balanced budget, so must the government. The fact is, the only citizens that live with a balanced budget are the poor living paycheck to paycheck who cannot afford to buy anything on credit; not a home nor a car. Forcing the federal government to have a balanced budget puts o ...[text shortened]... ng money and showing you can pay it back. A low credit rating is considered a bad thing financially.

@wildgrass
All are basically in agreement,run it like ur own family budget. Practically, a true panel could sit down and cut out wasteful programs.
Let’s name some. Eg, Each state has its own, D of Education. The Mississippi dept may concentrate on huge number of teen pregnancies. The Idaho dept has concerns about courses in oil drilling, maybe trucking. Lame examples, but point is, how can the DOE in Washington handle every social problems with so many variables? Not well, that’s for sure.
Cost of DOE? $90M

Who’s up?

@wildgrass said
Tax cuts are popular, economically stimulating, and easy politics. Everybody likes to pay less.

But where then does the money come from for the programs that those same politicians want to spend on?

The only solution is to force the issue. If you want to enact something like what the Trump administration did with their tax cut plan, you should be required to cut spend ...[text shortened]... bt on future generations just so we see a few extra bacon cheeseburgers in the paycheck.

Why not?

@averagejoe1 said
@wildgrass
All are basically in agreement,run it like ur own family budget. Practically, a true panel could sit down and cut out wasteful programs.
Let’s name some. Eg, Each state has its own, D of Education. The Mississippi dept may concentrate on huge number of teen pregnancies. The Idaho dept has concerns about courses in oil drilling, maybe trucking. Lame ex ...[text shortened]... blems with so many variables? Not well, that’s for sure.
Cost of DOE? $90M

Who’s up?

@no1marauder said
Because it's bad economics. The business cycle of capitalist economies, as well as extraneous shocks like COVID or war or a myriad of other things, can lead to recessions or even depressions. The cure for these is to restore aggregate demand levels and Keynes showed almost a hundred years ago that there may well be insufficient forces in the economy to do so for long peri ...[text shortened]... le and thus tend to destabilize the economy even further than our present top heavy capitalism does.

Here is about $400B that we could use for our less fortunate? OUR less fortunate, not someone else's.
The following 11reasons should be forwarded over and over again until they are read so many times that the readers gets sick of reading them. Included are the URL's for verification of all the following facts.
1. $11 Billion to $22 Billion is spent on welfare to illegal immigrants each year by state governments.
Verify At:
http://www.fairus.org/site/Pag eServer?pagename=iic_immigrati onissuecenters7fd8
< http://www.fairus.org/site/ Pag eServer?pagename=iic_immigrati onissuecenters7fd8 >
2. $22 Billion dollars a year is spent on food Assistanceprograms such as food stamps, WIC, and free school lunches for illegal immigrants.
Verify At:

< http://www.cis.org/articles/ 20 04/fiscalexec.HTML
The High Cost of Cheap Labor | Center for Immigration Studies
www.cis.org
About the Author Steven A. Camarota is Director of Research at the Center for Immigration Studies in Washington, D.C. He holds a master's degree in political science .
3. $2.5 Billion dollars a year is spent on Medicaid for illegal immigrants.
Verify At:

http://www.cis.org/articles/2004/fiscalexec.HTML
The High Cost of Cheap Labor | Center for Immigration Studies
www.cis.org
About the Author Steven A. Camarota is Director of Research at the Center for Immigration Studies in Washington, D.C. He holds a master's degree in political science .

<http://www. cis.org/articles/2004/fiscalex ec.HTML>
4. $12 Billion dollars a year is spent on Primaryand secondary school education for children here illegally and they cannot speak a word of English!
Verify At:
http://transcripts.cnn.com/TRA NscriptS/0604/01/ldt..0.HTML
< http://transcripts.cnn.com/T RA NscriptS/0604/01/ldt...0.HTML >
5. $17 Billion dollars a year is spent for Education for theAmerican-bornChildren of illegal immigrants, known as Anchor babies.
Verify At:
http://transcripts.cnn.com/TRA NscriptS/0604/01/ldt.01.HTML
< http://transcripts.cnn.com/T RA NscriptS/0604/01/ldt.01.HTML
6. $3 Million Dollars a DAY is spent to incarcerate illegal immigrants.
Verify At:

http://transcripts.cnn.com/%20TRANscriptS/0604/01/ldt.01.HTM L<
TRANscriptS/0604/01/ldt.01.HTM L"
href=" http://transcripts.cnn. com/%20 TRANscriptS/0604/01/ldt.01.HTM L "
target="_blank" rel="nofollow"http://transcripts.cnn.com/%20TRANscriptS/0604/01/ldt.01.HTML>
7. 30% percent of all Federal Prison Inmates are illegal immigrants.
Verify At:
https://owa.slugger.com/owa/UrlBlockedError.aspx
< https://owa.slugger.com/owa/ Ur lBlockedError.aspx >
8. $90 Billion Dollars a year is spent on Illegalimmigrants for Welfare & SocialServices by the American taxpayers.
Verify At:
http://premium.cnn.com/TRANSCIPTS/0610/29/ldt.01.HTML
< http://premium.cnn.com/ TRANSCI PTS/0610/29/ldt.01.HTML >
9. $200 Billion dollars a year in suppressed American wages are caused by the illegal immigrants.

@wildgrass said
Actually multiple people on this thread are in disagreement.

You're picking at the penny jar with DOE. Try Defense, Medicare and other entitlements. That's the only way to cut trillions.