L10.7.3 Act to Repeal the Balanced Budget Requirement (Voting) (user search)
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  L10.7.3 Act to Repeal the Balanced Budget Requirement (Voting) (search mode)
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Author Topic: L10.7.3 Act to Repeal the Balanced Budget Requirement (Voting)  (Read 670 times)
Wells
MikeWells12
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« on: March 15, 2018, 07:35:47 PM »

I agree that deficits and debts aren't always a bad thing, but I do think they can be a problem when they get too big. Perhaps we should introduce a debt ceiling. Thoughts?
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Wells
MikeWells12
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« Reply #1 on: March 17, 2018, 03:29:15 PM »

A debt ceiling seems like a good idea in theory but we saw how in the old United States the federal debt ceiling was really only used as a way for congress to force the president to do what they want and would inevitably be raised every time the ceiling was reached anyway. Is there a way to prevent this?

I'm not exactly sure how we would prevent that. I suppose in Atlasia everyone is usually nicer to each other, so the problem of the governor being forced to do something shouldn't be a problem. This also ties in to the fact that you'll notice in Atlasia most things pass with near unanimous support of Congress or the Assembly (despite what on paper looks like an ideologically diverse legislature) and the President or Governor signing almost everything. (There are exceptions, but they are rare.) I could go on about how this affects things, but one thing you mentioned in your post that I'm sure would come true is that it would just be raised every time. However, I'm sure safeguards for that could be put in place.

With all that about unanimous decisions, I support this bill (I know it's ironic). I can always set a debt ceiling in a future bill, and you can be sure I will.
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Wells
MikeWells12
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« Reply #2 on: March 18, 2018, 05:05:41 PM »

Nay.

After some thinking, I decided that the best way to establish a maximum allowed deficit would be a through the Constitutional Amendment I introduced. But we only need one Amendment, so this is unnecessary now.
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