charles brough Posted August 11, 2011 Report Share Posted August 11, 2011 The idea is that the time to reduce the budget deficit is when the economy has recovered. The President tried to do this but gave up under TeaPartyRepublican pressure. Until the economy begins to boom, a stimilus is in order. And as far as the Right's "solution" of a balanced budget ammendment, is concerned, there appears to be only one acutally operating in the world. It is in Argentina where their one-time dictator actually managed to impose on the politicians a brilliant economicf plan. It goes like this: when business is booming, taxes rise and a surplus acccumulates in the Treasury. When the bubble bursts and the economy slumps, there are the funds the governemtn needs on hand to stimulate the economy. The trick is to have an annual projection so that it is known how much money is to be saved when business booms and how much spent when it slumps. A commission sets that ahead of time. The commission is not made up of politicians but economics, legal and administrative experts. . .:rolleyes: Quote Link to comment Share on other sites More sharing options...
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