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Politics : The Citizens Manifesto

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To: neolib who wrote (3)	6/11/2005 2:17:46 PM
From: Road Walker	Read Replies (1) of 492

re: Balanced Budget: My inclinations are towards a balanced budget, but Keynes had some useful ideas. Deficit spending now and then provides additional economic control which is a good thing. The problem is in restricting the use of that tempting lever. The final chapter in economics has not be written, and the function of deficit spending is not clearly mapped yet. The party needs to adopt the best economic theory available. Maybe the balance budget amendment allows a small percentage deficit, with a time limit? I understand where you are coming from. As a for instance, if a municipality wants to build a school, do they have to pay for it all in that year with that years taxes? Do they have to tax for several years and build a surplus to pay for it? Or can they float municipal bonds? Some how some way, it's very important to get fiscal discipline. And I think it's a cornerstone issue for a new party. The Dem/Rep coalition has failed us miserably in this area, and it's an important issue to the public, according to the polls. John

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