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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Author Topic: Call for a Constitutional Convention to propose a Balanced Budget amendment?  (Read 1616 times)
bedstuy
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« on: December 14, 2014, 01:41:19 PM »
I understand using the balanced budget amendment as red meat for the base.  But, it's insane to seriously try to pass a balanced budget amendment.  Any sensible person can see that this is a horrible idea.
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bedstuy
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Posts: 4,526


Political Matrix
E: -1.16, S: -4.35
« Reply #1 on: December 15, 2014, 01:32:13 PM »
Quote from: Figs 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.

Right.  Theoretically if we could, it would cause a worldwide financial crisis because US treasuries are a key piece of the financial markets.
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