tag:blogger.com,1999:blog-7400390336523591685.post2772727948973413594..comments2023-08-24T08:56:06.522-05:00Comments on Rhymes With Clown: Why a balanced budget amendment is a bad ideaJeremy R. Shownhttp://www.blogger.com/profile/11303377672028774152noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-7400390336523591685.post-40708794768526135342011-08-03T18:34:15.933-05:002011-08-03T18:34:15.933-05:00What none of you so far seem to understand is both...What none of you so far seem to understand is both history and economics. In 1931, Hooverites tried to cut spending significantly, and look what happened: The greatest depression in US history. Why? Money has to be available for economic growth, jobs, and so forth. FDR understood this. If banks can't lend, businesses can't borrow, jobs can't be created, and people won't have any money to spend. Just see what happened this week (beginning of August 2011). A stymied federal government is an insane idea and completely antithetical to growth. Prudence is good, but not stagnation.amjphttps://www.blogger.com/profile/12188444322336404563noreply@blogger.comtag:blogger.com,1999:blog-7400390336523591685.post-70851197633520090632011-07-20T21:07:42.234-05:002011-07-20T21:07:42.234-05:00Struppster - good to hear from you.Struppster - good to hear from you.Jeremy R. Shownhttps://www.blogger.com/profile/11303377672028774152noreply@blogger.comtag:blogger.com,1999:blog-7400390336523591685.post-79715420466853828532011-07-20T07:39:39.448-05:002011-07-20T07:39:39.448-05:00No, Strupp.
However, it IS the hopes-and-dreams o...No, Strupp.<br /><br />However, it IS the hopes-and-dreams of politicians like McConnell.<br /><br />After all, who wants to actually WORK out there with all the parties and golf-games going on?Dad29https://www.blogger.com/profile/08554276286736923821noreply@blogger.comtag:blogger.com,1999:blog-7400390336523591685.post-55754846354802059892011-07-19T15:03:40.056-05:002011-07-19T15:03:40.056-05:00...Just shut everything else down and let the priv......Just shut everything else down and let the private sector take over, dadster. <br /><br />A balanced budget amendment actually seems like an answer to your hopes and dreams.J. Struppnoreply@blogger.comtag:blogger.com,1999:blog-7400390336523591685.post-7903007471503649942011-07-19T14:32:19.650-05:002011-07-19T14:32:19.650-05:00Well said.
Another problem is that Medicare/SocSe...Well said.<br /><br />Another problem is that Medicare/SocSec expenditures will continue to rise.<br /><br />What happens when THEY are 18% of GDP?Dad29https://www.blogger.com/profile/08554276286736923821noreply@blogger.com