Rand Paul Warns on ‘Biggest Danger’ America Faces and Offers A Solution
“If you could have one bill passed and signed by the president, what would that be,” Senior Contributor Mallory Factor asked Kentucky Sen. Rand Paul during an interview at TheBlaze’s New York City newsroom last week.
“It wouldn’t actually be a bill,” Paul responded. “It would be an amendment to the constitution that says we have to balance our budget.”
“I think it would be the most important thing we could do for our country,” the Senator went on to say. “The biggest danger we face right now is the debt.”
A balanced budget amendment. It seems like a simple enough concept for any American to understand or endorse, but has been met with roadblocks in Washington for generations.
In an exclusive interview with TheBlaze, Sen.Paul discussed balancing the budget and the National Debt, and how he expects either Romney or Obama to address these issues should they win this November. The Kentucky Senator also gave his take on the budget plans of Republican Vice Presidential Nominee Paul Ryan, who is currently chair of the House Budget Committee. While the majority of coverage on the Ryan plan has centered on debate whether his budget is too fiscally conservative, Sen. Paul commented to TheBlaze that he believes the Ryan plan does not go far enough.
“I’ve been outspoken to the fact that his doesn’t go far enough either,” Sen. Paul said of the Ryan Plan, that adds $3-4 trillion over ten years with the goal of balancing the budget in 28 years.
“That’s not enough for me,” Sen.Paul went on to say. “It needs to balance within your term of office, or balance within a finite period of time.”
In CONTROL, Glenn Beck presents a passionate, fact-based case for guns that reveals why gun control isn’t really about controlling guns at all; it’s about controlling us. Find out more HERE.
















































































































Comments (62)
BODYBAG
Posted on September 19, 2012 at 7:48pmSpread it, Tweet it, Facebook it, get it out —–
What Mitt Romney Also Said: A Glimpse Of The Endgame?
http://www.zerohedge.com/news/what-mitt-romney-also-said-glimpse-endgame
“Romney: [The] former head of Goldman Sachs, John Whitehead, was also the former head of the New
York Federal Reserve. And I met with him, and he said as soon as the Fed stops buying all the debt that
we’re issuing—which they’ve been doing, the Fed’s buying like three-quarters of the debt that America
issues. He said, once that’s over, he said we’re going to have a failed Treasury auction, interest rates are
going to have to go up. We’re living in this borrowed fantasy world, where the government keeps on
borrowing money.
‘Krugman’s Kryptonite’ Pedro Schwartz On Creating Money Out Of Thin Air
http://www.zerohedge.com/news/krugmans-kryptonite-pedro-schwartz-creating-money-out-thin-air
“there has to be a change in social mentality – so that people realize that nothing is free,
and the government has to shrink.”
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ProbIemSoIver
Posted on September 19, 2012 at 7:46pmThe Debt is exactly why most have to work 60 hrs. per week now, instead of 40. Debt is the reason
2 spouses must work and grown-ups are still living with their parents. Debt is the reason three 40-year old guys have to share a house.
I am not talking about personal debt. I am talking about inflation. I am talking about a fiat currency.
I am talking about the PRIVATE BANK seizing America and Americans in 1933 due to a DEBT !!!!!!
Here is a 3 minute classic clip that explains this.
As a matter of fact the second person in this clip is Rand’s Uncle, Wayne.
Ron Paul’s Brother would not discredit the family by saying something like this if it wasn’t true.
And Ron knows he would end up like JFK, if he said it.
http://www.youtube.com/watch?v=IlCs7u1ihws
Here is Executive Order 11110 that JFK signed 5 months before he was bumped.
http://www.youtube.com/watch?v=ggADLt4s4pM
Fu@k the GLOBAL ELITE !!!!!!
Andrew Jacksons greatest personal accomplishment was killing America’s Second Central Private Bank
I will continue to do what I can to kill America’s Third Central Bank – The FEDERAL RESERVE PRIVATE BANK.
See you in #e!!
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ProbIemSoIver
Posted on September 19, 2012 at 7:51pm*See you in #e!! Banksters and “bloodline”
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KidCharlemagne
Posted on September 19, 2012 at 11:15pm“Gentlemen, I have had men watching you for a long time and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves.”
– Andrew Jackson
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Sirfoldallot
Posted on September 19, 2012 at 6:46pmWhat is this guy tring 2 be ” A Leader ” ?
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Frogster
Posted on September 19, 2012 at 5:58pmFuture generations will still be paying off the indebtedness caused by the flagrant violations of trust on the part of those elected people who are PILLAGING AMERICA… Imagine: Your grand- and great-grandkids will be footing the bill for the funds handed over to MISFITS in FOREIGN LANDS who turned around and used those dollars to injure and kill Americans and wage war on our way of life.
WHEN WILL YOU SAY “ENOUGH!” AMERICA??
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Frogster
Posted on September 19, 2012 at 5:55pmBalance our budget in four years? Get real. If they took every dollar made by every person in America, they could not do it.
What they need to do is STOP TAKING *OUR* DOLLARS FROM US & GIVING *OUR* DOLLARS TO THUGS, CRIMINALS, NE’ER-DO-WELLS, AND ENEMIES WHO TURN AROUND AND KILL AMERICANS. And we need a new President & First Lady who are not in there PILLAGING OUR COUNTRY AND AGGRANDIZING THEMSELVES (AND THEIR BEHINDS).
WHERE IS THE OUTRAGE? Not enough OUTRAGE being expressed over the INSANITY that’s going on. We need to put the FEAR OF GOD (euphemism for FIRING THEM FOR MALFEASANCE) into all those FREELOADERS in Washington! Like Eastwood said, “If they’re not doing their job, we need to LET THEM GO.”
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2GodBeTheGlory
Posted on September 19, 2012 at 5:36pmConstitutional amendment….
Congress will impose and collect a sales tax on any item or service at a rate not to exceed 15 percent. At no time will the Federal Government spend more than the sum of said laid and collected taxes unless in a time of declared war as laid out in Section VIII 11.
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drs1969
Posted on September 19, 2012 at 9:58pmThen we’d have perpetual war. End all taxes except import duties. That’s what they used up until 1913.
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2GodBeTheGlory
Posted on September 20, 2012 at 10:41am@drs1969
They might have a hard time with that kind of war, however, I do agree with you. I just went for the in between so as not to jolt the economy too much and force a limit on spending, thereby transferring the tax load and social services back to the states where it is designed to be.
Thanks for your comment.
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breakobamanow
Posted on September 19, 2012 at 5:35pmHaving an amendment to the Constitution makes no difference if your not following the Constitution on all the other amendments, that are there right now. They broke the contract with the people long ago and will continue to do so for their own selfish gain.
The love of money is the root of all evil. I never was really big on having a lot of money beyond what was required to feed, clothe, and provide a roof over the heads of my family. I’ve worked hard and done alright, thanks to the Lord. I’ll give him all the credit because I couldn’t have done it without him. I hope and pray that he will protect his own when the coming calamity hits us hard. There are a lot of wicked people in the world that will murder others to save themselves, I guess I’ll probably die, but at least I’ll God will have my soul.
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Larry E
Posted on September 19, 2012 at 5:26pmI just knew he was an extremist, I mean wanting to balance the budget is just WAY too extreme. We need someone who’s moderate like Glorious Leader to run up a few more trillion bucks in national debt.
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commoncents5
Posted on September 19, 2012 at 5:11pmI have always thought that a president’s projects should be completed in his or her term. Balancing the budget over 28 years is not good enough for me either. I would rather muster the strength to tighten the belt so that the pain will be over as quickly as possible. The people can appreciate an effort to getter done then move on with our lives. As Alan Grayson says we want the debt to die quickly! It will be truly a shared sacrifice. And while I am thinking about it we the people didn’t create this darn debt so let’s get all those people who created this debt hand over their ill-gotten gains and pay this debt off! That includes Republicans & Democrats who spent our country into weakness.
Get rid of ALL subsidies for everything & strip that darn IRS code book into simplicity so NO one gets a pass. 10% across the board for everyone. And if you make zero then 10% of 0=0!
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13th Imam
Posted on September 19, 2012 at 5:33pmThe Paul’s are just johnny come lately to the “Debt ” debacle
. A great book of our history is “Union 1812″ by A. J. Langguth who writes about our founding fathers and mothers and the rancor between the founders. The “Debt” is brought up frequently, and the insults hurled about by both sides, almost makes today seem tame. The book ends pretty much after the war of 1812 (1816).
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bobbyjoe
Posted on September 19, 2012 at 5:36pmJust think how many tax lawyers, tax preparers, tax software people etc…you wold put out of work (sar.)
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soybomb315_II
Posted on September 19, 2012 at 5:41pmyea i wish our next president had a plan to balance the budget within 4 years but neither Obama or Romney have that
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WindyDualism
Posted on September 19, 2012 at 6:38pmTofu is voting Barr?
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soybomb315_II
Posted on September 19, 2012 at 8:46pmyou still stuck in 2008?
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KidCharlemagne
Posted on September 19, 2012 at 4:56pmIn the aftermath of the Nixon Shock of 1971, the world began abandoning the dollar because they saw that all of their gold being held on reserve at the U.S. Treasury had mostly already been spent on Welfare (LBJ’s Great Society began in 1965) and Warfare (1st combat soldiers began deployment to Vietnam in 1965).
In essence, they began the equivalent of a worldwide bank run on the U.S. Treasury in an attempt to salvage any residual gold that might be left there:
“By the early 1970s, as the costs of the Vietnam War and increased domestic spending accelerated inflation, the U.S. was running a balance-of-payments deficit and a trade deficit, the first in the 20th century.”
http://en.wikipedia.org/wiki/Nixon_Shock
Since you can’t get any more blood out of a turnip, then Nixon did the only thing he could do at the time….and that was to default:
Nixon Shock (August 15, 1971)
When the rest of the world knows that you are bankrupt, then they won’t buy your debt (resulting in tremendous inflation) without a substantial increase in the risk premium…..unfortunately, that decision was delayed and this subsequently resulted in the enormous interest rate hikes of 1979:
“Volcker raised the federal funds rate, which had averaged 11.2% in 1979, to a peak of 20% in June 1981. The prime rate rose to 21.5% in 1981 as well.”
The law of supply and demand dictates either smaller deficits or higher interest rate
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DarkJello
Posted on September 19, 2012 at 5:10pmAmericans have slowly turned from morality, our leaders have less and less virtue, and thus the constitution is inexorably ignored and/or flat out trampled. It is only a question of when, not if. Sometimes the truth sucks ballz!!
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Stone Cold Truth
Posted on September 19, 2012 at 6:42pmSadly the people who are for Pres. Obama don’t believe the normal rules of economics or even physics apply to present day.
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drs1969
Posted on September 19, 2012 at 10:12pmBen Shalom Bernanke has ‘Short-Circuited’ the interest rate mechanism of the free market by purchasing around 80% of the Treasury’s debt. This is why Gasoline is now $4.00 a gallon, even though demand is dropping!
Bernanke is a criminal by interfering into the free markets to prop up the ‘too big to fail banks’. Remember, evertime you pay double, or more, for basic neccessities, it is to bail out Jewish controlled banks of NY.
At the same time, he allows the Congress to get away with not balancing the budget and for a foolish statement to come out by Ryan about doing so in 28 years.
News Flash, it ain’t gonna happen in 28 years. Things won’t hold up another 4 years, at this rate.
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KickinBack
Posted on September 19, 2012 at 4:54pmI don’t know. We shouldn’t have to pass an Amendment just to pass a budget. They’re supposed to do that regardless. Goes to show how trustworthy our politicians are nowadays. Heck, they passed a law in the 70′s that said they had to pass a budget…But apparently, laws don’t apply to them.
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TSUNAMI_22
Posted on September 19, 2012 at 4:52pmA balanced budget amendment would have no teeth as long as the Federal Reserve continued to print money.
You can’t put the cart before the horse.
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acidovorax
Posted on September 19, 2012 at 5:37pmThe Fed’s policies are not directly tied to government spending. Though I agree that a balanced budget legislation is irrelevant. What would be the consequences of them not having a balanced budget?
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TSUNAMI_22
Posted on September 19, 2012 at 6:03pmBefore you have an effective balanced budget, you have to have the rule of law. There is NONE.
The printing of money is an indirect theft of everybody’s personal wealth and private property. Monetary policy is effectively destroying the electorate and it’s being sold a “stimulus”, therefore governmental policy is directly responsible for the systematic raping and looting of America.
This administration is deliberately manufacturing a monetary crisis that will eventually lead to an American holocaust. America is only a few breaths away from the proverbial SHTF scenario.
We are in deep kimchi.
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drs1969
Posted on September 19, 2012 at 10:22pmThe Federal Reserve is absolutely responsilbe for this mess. It goes all the way back to 2001 when Greenspan drove rates down to 1%. This created the housing-mania. The gov. debt mania started right after that. Congress found they could borrow for pennies on the dollar and they went nuts! The national debt has more than doubled since then. Guess who’s profiting? If you said the Primary Dealers(TBTFail NY Banks) of the Treasury’s debt, move to the head of the class.
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ExTex
Posted on September 19, 2012 at 4:45pmRand Paul is right, we need to address the debt & deficit by first balancing the budget and slashing fraud, waste, and redundant programs. Next, we should reform all entitlement programs and strengthen restrictions to avoid the excessive fraud (ie; ebt, disability, etc.).
While I think that the military complex needs some serious scrutiny in these areas, I’m not for down-sizing the military to dangerous levels. We have to show strength. Bullies only understand one thing…and that’s power and strength. Placating our nemesis’ is foolish, dangerous, and lethal.
It’s going to get much worse than better going forward with the baby boomers hitting retirement.
Sadly, half the country is either in denial or too busy with pop culture amusement distractions to even know what the real dangers are to this great nation.
Never thought I’d live to see the day that our own president and his administration are the most dangerous enemies the country has ever known. Congress and the SC are running a close 2nd and third. Un-friggin’-believable!!! Obama’s plan is to reduce the USA to a banana republic. Outrageous.
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ShyLow
Posted on September 19, 2012 at 4:42pmProblem:$500 a month rent if you are lucky
Solution: Build condos and sell them “not rent” at a low but profitable price
Problem:@15 grand for an entry level car
Solution: allow people to licence atv’s for the street as free countries have done
Problem:people spend $200 a month on an herb
Solution:legalize it, and allow them to grow it free resulting in that money spent to go elswhere in the economy
Problem:expensive wars that have only resulted in loss of freedom at home
Solution: bring the troops home
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soybomb315_II
Posted on September 19, 2012 at 4:33pmwhy hasnt mitt romney talked about and encouraged the idea of a balanced budget Constitutional ammendment?
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RJJinGadsden
Posted on September 19, 2012 at 5:08pmSOY, that is a good point, and I have to agree and hope that he does.
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13th Imam
Posted on September 19, 2012 at 5:20pmDidn’t the puke in the WH say HE was going to halve the Debt ? And fix the unemployment problem. And lower the sea level. And not have ANY lobbyist’s in his admin.
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RJJinGadsden
Posted on September 19, 2012 at 5:22pmI may have to eat these words after reading the post below by Ghost Of Jefferson. It did sound like a good idea at first. But, when the wrong crowd is in the White House and Congress such an amendment could make life in these here states miserable.
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resme
Posted on September 19, 2012 at 6:01pmI’d rather have a constitutional amendment to ban the US government from borrowing, BYE BYE FED :).
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Individualism
Posted on September 19, 2012 at 10:05pmbecause he wants to destroy this country. he wants to make him and his buddies rich by stealing from the tax payers. hes a power hungry dictator.
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drs1969
Posted on September 19, 2012 at 10:27pmBecause he’s the NY banker’s ‘other’ candidate. They make most of their money in the Treasury market, take away Treasuries, you put them out of business.
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DarkJello
Posted on September 19, 2012 at 4:32pmThe WILDLY out of control spending is a symptom of our disease.
An amendment to balance the budget is a good step in the right direction.
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Joel Knows
Posted on September 19, 2012 at 4:29pmRand Paul is his own man. He is one of the most valuable people we have elected to office at this time. He says what he means, and means what he says. We have a severe shortage of individuals like Rand Paul in this country.
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drs1969
Posted on September 19, 2012 at 10:39pmI’m willing to bet that if he gets too close to the truth, his career, or life, will be short.
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ReaganBaby
Posted on September 19, 2012 at 4:27pmI agree with Rand, but I am afraid Øbama has increased our debt so much that it is not possible to be balanced for at least 30 years. I hope I wrong.
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SimpleTruths
Posted on September 19, 2012 at 5:00pmHave you studied Ryan’s budget? It includes a 5 trillion increase to the debt before somehow magically balancing the budget 25 years later.
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GlennaBeckski
Posted on September 19, 2012 at 4:27pmIs it even feasible to balance the budget ? The Story title is misleading “Rand Paul Warns on ‘Biggest Danger’ America Faces and Offers A Solution”.
Without a DOUBT:
The Biggest DANGER America Faces is 4 More Years of BO. As for the solution, fill in the blank _____.
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Mutiny
Posted on September 19, 2012 at 4:24pmCommon sense doesnt compute in Washington. That is why the Paul’s a few others are called crazy. Until Fox news and talk radio push the sheep towards the Constitution and Liberty they will blind continue the path to destruction both parties are leading us too.
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PATTY HENRY
Posted on September 19, 2012 at 4:33pmRAND. get your dad to address his MINIONS and tell them that a vote for anyone other than ROMNEY is a vote for OBAMA.
GET THE COMMIE, MARXIST, MUSLIM ANT-AMERICAN TRATIOR out of office first. Then we can talk. FIRST we have to STOP THE BLEEDING.
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Mutiny
Posted on September 19, 2012 at 5:23pmWell according to Rush, Glenn, and others we dont have time, time is up. Romney doesnt address the issues that effect this economy. To ignore that is just plain dumb.
I may have no choice from what I understand in MS to write in someone, so Mitt might just get my vote shortly before I throw up all over the machine and ruin it.
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Individualism
Posted on September 19, 2012 at 9:57pmwe must do everything to stop romney to destroy the neo conservative movement one of Americas enemies.
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Creativethinker
Posted on September 19, 2012 at 4:23pmI totally agree with him!! And people were up in arms about Paul Ryan’s budget saying it was too severe. We the people need to do something about this!
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olderjarhead
Posted on September 19, 2012 at 4:23pmNever happen! It makes me sick to think what The Founders would think of our current government. They would have had blood in the streets for much less. Just keep watching Snookie, nothing to see here….American’s for the most part are really, really dumb.
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drs1969
Posted on September 19, 2012 at 10:42pmMost back then couldn’t read. Now, most can, and they have been Brainwashed.
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nonofmybiznez
Posted on September 19, 2012 at 4:19pmI’ll agree with Rand. The only problem with fixing the budget so fast is buy-in…you can’t get people to buy into the pain if they will notice the difference. A longer term to fix it means less pain. The problem with that is, we are already in pain. We can endour a whole lot more pain in the short term if it means getting back on track in the long term. We are just cowards.
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GhostOfJefferson
Posted on September 19, 2012 at 4:19pmI don’t know about that. A balanced budget amendment would mean, in today’s out of control environment, a license to tax us to 100% of our incomes. They’ve already demonstrated that they will not reduce spending, so the only other way to balance the budget would be to tax us into poverty. Think about it.
Given my druthers, I’d write an amendment that the Federal Government, in toto, would be prohibited from spending more than 5% of the previous year’s GDP for that year’s budget. The sole exception would be during a time of *CONGRESSIONALLY DECLARED* war on *another NATION* (sorry, no “Congress said, yeah, we’ll give you money” here, it would have to be a formal declaration, and no perpetual undeclared wars on concepts (drugs, terrorism, poverty, etc)).
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historyguy48
Posted on September 19, 2012 at 4:41pmThat will work well, it will reduce the current 6% annual budget increase to a mere 5%. Of course that means the deficit will still increase by a minimum 5% per year, so instead of being 1.6 trillion, next year will only be say 1.7 trillion.
Actually Paul is correct a balanced budget amendment would be nice but contrary to what the dreamers in our government think, we don’t have 23 years to fix this. We probably don’t have 23 months.
Since we are using a fiat paper currency and since no fiat paper currency has ever survived while every country around the world is now using a fiat paper currency and many of those currencies are about to fail I’d say we are in a heap of trouble, soon.
Now this is all fixable. First cut our entire government by a mere 45-46% across the board. Go back onto the gold standard, and guess what, all we have to concentrate on is getting rid of all these onerous regulations, government programs, and go back to the constitution.
However, since I’m a realist, this isn’t going to happen so we, along with the entire worlds financial system, will collapse leaving the elites to run to their newly restocked protected nuclear war survival shelters while the rest of us eat each other.
Personally I’m not fond of long pig, so I’m prepared, are you?
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Suprtek
Posted on September 19, 2012 at 5:01pmA balanced budget ammendment at the federal level is worthless. Sounds good, but means nothing. At the state level it works and many states have one written into their constitition. At the federal level however, the government has the power to print currency. So, there is a third leg to that stool – increase revenue, decrease spending or create more currency. Now, we all know that doing so will spike inflation, but it will balance the budget nonetheless.
I’m more of he school of thought that if the nation runs a deficit over the course of two election cycles for a representative or one election cycle for a senator, that individual is ineligible for reelection. Granted, there are times that deficit spending may be necessary, (eg, war) but it would make them think two or three times before doing so.
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GhostOfJefferson
Posted on September 19, 2012 at 5:16pmHi history guy. How can you run a deficit when you can’t spend in more than you collect? If you collect 5% GDP, and spend 5% GDP, you are by definition not running a deficit. Maybe I misunderstood what you’re saying?
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RJJinGadsden
Posted on September 19, 2012 at 5:17pmGHOST, excellent point considering the last time we had a balanced budget Richard Nixon was president.
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soybomb315_II
Posted on September 19, 2012 at 5:56pmBalanced budget amendment would mean they have to cut spending or raise taxes. Neither one is good for politicians so I imagine it would include both.
Since I do not think my kids should pay for our mistakes, I would be OK with them raising taxes if they cut spending by the same amount to balance the budget. Once they balance the budget, we can talk about more spending cuts in order to lower taxes. But at least they would NEVER increase spending again because it would mean higher taxes.
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resme
Posted on September 19, 2012 at 6:08pmWe will never pay the national debt, Until we address monetary reform.
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neiman1
Posted on September 19, 2012 at 4:14pmHe may not be ‘entitled’ to his father’s mantel but he sure is earning his following.
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