House rejects balanced-budget amendment

[Butterball]

Quote from misterno:

End US Dollar's reserve currency status and America will turn into a 3rd world country overnight

USD is the only factor that prevents america from collapsing

Did the UK also collapse into a 3rd world country when Pound Sterling lost its reserve status?

 

[trefoil]

Quote from rew:

There is no crisis in the UK (or in the US) because both countries can inflate away their debts by printing more money, screwing all savers and impoverishing people on fixed incomes. What a wonderful thing. I want the vermin in Washington D.C. in a straight jacket. It is fools like you who have the utopian idea that the pond scum in the federal government have both the wisdom to make better decisions than we would ourselves and the right to steal our money to do it.

If you want an entitlement, pay for it by raising taxes. Then we'll see how popular the entitlement really is.

If you want a war, pay for it by raising taxes. Then we'll see how popular the war really is.

Taxes already pay, here in the US, for Social Security and Medicare, and the moment you illiterates try to take it away you will be reminded of that, quite forcefully.
That you want something for nothing doesn't mean everyone does. What everyone does want is to get what they pay for.

 

[rew]

Quote from trefoil:

Taxes already pay, here in the US, for Social Security and Medicare, and the moment you illiterates try to take it away you will be reminded of that, quite forcefully.
That you want something for nothing doesn't mean everyone does. What everyone does want is to get what they pay for.

Who's illiterate? Social Security is already in deficit, and most of the baby boomers haven't retired yet. Social Security taxes must be raised <i>right now</i>, if you really believe that entitlements should be paid for by taxes. Medicare is in even worse shape. It is costing far more than the money coming in from Medicare taxes.

Where, illiterate one, did I say that I want something for nothing? That is something that liberals and necons want, and I'm neither.

 

[Random.Capital]

Quote from trefoil:

Taxes already pay, here in the US, for Social Security and Medicare...

This is true, but irrelevant, as the same people who were paying those taxes for future SS/Medi benefits insisted their elected leaders spend it on things like B2 bombers and 10 years wandering the deserts of Iraq.

That money has already been spent.

It's gone.

The obligation has been fulfilled.

 

[Lucrum]

Quote from bigarrow:

...Only when deficits are out of control do problems emerge...

Our deficit IS out of control and problems have ALREADY emerged.

 

[the1]

I agree with this poster but in times where extra stimulus/spending isn't needed the Government still creates a deficit. Deficit spending should be left to a vote of Congress but then, since the defeated this bill that would be a moot point.

Quote from bigarrow:

A comment from the article you linked.

****

It's vital for our Government to run on a deficit. Only when deficits are out of control do problems emerge. If we were unable to have deficits the US would not be the country it is now. Lincoln would not have been able to ensure our nation remained united; FDR would not have been able to hold back the scorched earth impact the Great Depression was having nor would he have been able to keep back the iron boot of oppression that were Germany & Japan of old; and Regain would not have been able to hold back a recession from depression or defeat the USSR without firing a shot.

This is a needed tool for our Government.

From: rmorecstaff

 

[ammo]

Quote from Random.Capital:

This is true, people who were paying those taxes for future SS/Medi benefits insisted their elected leaders spend it on things like B2 bombers and 10 years wandering the deserts of Iraq.


.

no one ver insisted since ww2,the wars were there to allow large corporations to move into foriegn countries and set up biz to profit from thier resources,we need to vote out every dem and rep out of wash and kill the machine,all this debt is owed to banks,not countries,its profit compiled on loans,obliterate the banks like hitler and the nazi regime,the banks are a worse threat, and start with new banks run under fair laws,jail the bankers ,congressmen,senate ,lobbyists that conjured up the crime, and move on..we can vote them out...put in just men and women,reform the banking laws...problem solved...end of story...all the resources..the supply,demand and workforce are still in place ,just start over ,without the crooks..can't do it as long as the republic/democrat machine is in place...2 cock roaches will breed a thousand more

 

[Random.Capital]

Quote from ammo:

...put in just men and women,reform the banking laws...problem solved...end of story...

Americans have that option every 2 years.

They have declined to exercise it.

Obladi oblada...