Term Limits

[A18]

The 22nd amendment is good.

[A18]

Term limits are fundamentally undemocratic, and that is why they are so good. Might as well say if the people of Dearborn, MI want to pass a law abridging the freedom of speech, they should be allowed to, and saying otherwise is 'blatantly elitist.'

[A18]

The balanced budget was vetoed by President Clinton. The balanced budget amendment lost by a vote or two in the Senate, due to lack of Democratic support. Democrats refused to go along with the term limits amendment, so that failed too. (You need a two-thirds majority; not a simple majority).

By the way, the Contract with America was a list of legislative items the leadership promised to put up for a vote. They didn't guarantee it'd all be passed (the GOP never had a chance at getting a two-thirds majority, required for constitutional amendments). Virtually all items that did require a mere majority were vetoed by Clinton.

[A18]

The deficit doesn't matter. What does matter is spending, and cutting taxes is a good way to "starve the beast," so to speak. The balanced budget amendment is something we support not for its own sake, but in order to hold down spending.

The Contract with America dealt with the 104th Congress. The GOP passed a balanced budget, Clinton vetoed it. No broken promise there.

The GOP kept getting elected before any tax cut was passed.

[A18]

Running up deficits means spending more than you take in. That's not a good idea for holding down spending. Taking in less is a good idea for holding down spending.

Wealth creation has easily outpaced debt, so it's not a problem.

[A18]

If you borrow money to buy an asset, and that asset has a higher return than your interest, you're in fine shape.