Yeah, that's gotta worry all you Krugman wizards and sorcerers.
Hey, doesn't Canada have a balanced budget law?
Obama Howls at the Moon
- Thread starter Tsing Tao
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Yeah, that's gotta worry all you Krugman wizards and sorcerers.
Hey, doesn't Canada have a balanced budget law?
It's not a worry at all, I'm laughing at Paul for suggesting it. Government finance != household finance.
More and more folks are suggesting it. Your mystical sorcery is on it's way out, dude.
I also noticed you dodged the Canada question.
This country hasn't been out of debt since 1835. And we've flourished. Maybe we could have done better, but at least we know deficits and debt don't prevent success.
I don't know about Canada, but if it does it's failing at it, and it looks to get worse.
Canada does not have a balanced budget law. It regularly gets proposed at the federal level and never passed.
Canada set to introduce balanced budget law
http://ca.reuters.com/article/businessNews/idCABREA0D0UJ20140114
A couple of years ago, US government took a vote on the requirement for a balanced budget... was defeated, sadly.
IOW... Congress would rather "run deficits until we blow up the country", than be constrained to "spending no more than we take in taxes". Criminal.
You're probably another one who believes, "deflation, no problem!"A couple of years ago, US government took a vote on the requirement for a balanced budget... was defeated, sadly.
IOW... Congress would rather "run deficits until we blow up the country", than be constrained to "spending no more than we take in taxes". Criminal.
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Your supposition runs into trouble right here.
Fixed.