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

To: TimF who wrote (46311)	10/4/2010 6:51:19 PM
From: DuckTapeSunroof	Respond to of 71588

Re: "If you propose a BBA, I plug the BBA in to the current budget rules and entitlement laws...." OK, sure thing. I 'propose' one very much like the one GERMANY recently placed into it's national charter --- a Constitutional requirement that federal budgets be NO MORE then 0.35% in the red, (unless a War or national emergency is declared by the President, ratified by two thirds vote of Congress within 30 days, and automatically expiring within 12 months... which could give a TEMPORARY leeway to the requirement). In Germany the 0.35% requirement is gradually scaled into place (tighter and tighter budget requirements over each of the next five years until the requirement is no more then 0.35% deficit allowed) and that is EXACTLY the same sort of way we should implement it here in the good old U.S. of A. Now... go ahead and "evaluate" as you want to what effect such a stringent constitutional requirement for budget balance would have on national policies.