Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: haqihana who wrote (6670)	3/30/2006 4:58:00 PM
From: Peter Dierks	Read Replies (2) \| Respond to of 71588

RE: Balance Budget Amendment One way of doing that is to require that some percentage of government receipts be put into the fund until a percentage of GDP balance is reached and then requiring a super majority of both houses of Congress to authorize any withdrawls with over 80% approval. It would eventually develop a constituency for raiding, but that should take at least half a century. "There should be a fund of money put aside, and a fiscal must that money be added every year, until it has enough funds in it to take care of any possible emergency, and prohibit the use of those funds for anything else. It must be kept out of the general fund, because the members of Congress will raid it like cattle rustlers."