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: DuckTapeSunroof who wrote (23706)	10/26/2007 7:38:57 PM
From: TimF	Read Replies (1) \| Respond to of 71588

Er... can you prove* such a bold and counter-logical position?* Its not counter-logical or even bold. A balanced budget amendment is not a limit on spending. It will probably have loopholes (arguably it even should have loopholes) but even if it doesn't it doesn't limit taxes. OK. Everyone of them that I am familiar has had MUCH better restraint on spending over the decades then their fellows who are not similarly constrained by provisions in their state constitutions. Even if your claim is true, its hardly much of an argument for the idea that the states without such a requirement allow spending to grow more BECAUSE they lack such a requirement. You have a small sample, most states are required to balance their budget. Also states that care about limiting spending are likely to have such a limit even if it doesn't really limit spending. In any case many states that do have such a requirement non the less have allowed spending to explode upwards, so it hardly can be considered something that prevents spending from increasing. ------------------ So... I think it's fair to note that you have NOT OFFERED any possible alternative solutions.... Its hardly unfair, and I never asserted it was. OTOH its not very relevant. Edit - Here is a proposal. Not one that will make a major difference IMO but it should help a bit, and its more directly about spending rather than about deficits. qando.net