Call for a Constitutional Convention to propose a Balanced Budget amendment? (user search)

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Call for a Constitutional Convention to propose a Balanced Budget amendment? (search mode)

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Topic: Call for a Constitutional Convention to propose a Balanced Budget amendment? (Read 1602 times)

Slander and/or Libel
Figs
Sr. Member

Posts: 2,338

Political Matrix
E: -6.32, S: -7.83

Re: Call for a Constitutional Convention to propose a Balanced Budget amendment?

« on: December 15, 2014, 09:26:13 AM »

It would be insane to try to pay off the national debt. It happened once and it was a disaster.

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Slander and/or Libel
Figs
Sr. Member

Posts: 2,338

Political Matrix
E: -6.32, S: -7.83

Re: Call for a Constitutional Convention to propose a Balanced Budget amendment?

« Reply #1 on: December 15, 2014, 02:23:37 PM »

I doubt you can say conclusively that those factors had absolutely nothing to do with paying off the debt, but I certainly accept and understand that it wasn't the biggest factor in what happened.

But bedstuy hits the nail on the head better than I did: US debt is a key piece of world financial markets. Without it, there would be a huge, huge vacuum.

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