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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: Neocon who wrote (285979)8/12/2002 3:42:26 PM
From: DuckTapeSunroof  Read Replies (1) | Respond to of 769670
 
Re: "If a law is passed defining the limits, then limits exist..."

>>> Pretty funny! (I still think the smart money would be on the proposition that Governments - in the long history of governance - usually find ways to exploit loopholes, and evade statutory limits on their ability to deficit spend.

>>> With Government's control of the purse (and - unopposed - their own accounting principles), and unlimited ability to print money... I believe that the only truly effective limit is a balance of powers WITHIN the various branches of Government.