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Politics : Formerly About Advanced Micro Devices
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To: RetiredNow who wrote (316933)12/22/2006 9:36:03 AM
From: bentway  Read Replies (1) of 1578113
 
"it is to pass a LAW that states that we cannot spend more than 90% of the previous year's tax revenues"

What has been said against this ( in opposition to the balanced budget amendment ) is that there are times we NEED to deficit spend, such as in times of war or recession. Not doing so would be more harmful than doing so. Of course, such exemptions could be spelled out in the law.

..and since we're in a "war on terror", Bush would be perfectly justified with his insane spending NOW..
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