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View Diary: The debt ceiling dance and the trillion dollar coin (218 comments)

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  •  if the BBA does pass in both Houses then (1+ / 0-)
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    it goes to to the States!  I believe mist States in the Union have Balanced Budget provisions in the own constitutions?

    Take it to to the People, let them decide. or do people at DK prefer a benign dictatorship as long  the Dictator swings their way?

    Grow up America.  The world is not flat anymore and America doesn't call the shots anymore. Lots of other people, brown, black, yellow and green also have their own DREAMS!!!!

    People are always wondering how the rest of the world is looking at America?  they are totaly gobsmacked and starting to hate us again as they see Americans of all political stripes willing to throw their economies under the bus along with their own.

    This is NOT the finest day in America's 222 year old history.  Looks like yet another tsunami election looms.  Better luck next time!!! Americans love to gamble, this time they are playing Russian roulette with the fate of the planet and the human race.

    •  Huh? (6+ / 0-)

      The Balanced Budget Amendment won't go to the states because it won't get the required 2/3 in the House and Senate.  And that's as it should be.

      Not taking it to the people isn't an abdication of democracy in favor of dictatorship -- I don't even understand why you're spewing that sort of right wing BS.  Because by that thinking, we should be sending every kooky idea of the moment to the states for their ratification, since for the Senate and House to do their jobs by rejecting this nonsense would be tantamount to dictatorship.  

      Political Compass: -6.75, -3.08

      by TexasTom on Sun Jul 31, 2011 at 08:43:08 AM PDT

      [ Parent ]

    •  BBA will never pass either house... (2+ / 0-)
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      DEMonrat ankle biter, wsexson it requires a full 2/3rds yea vote for both houses and then it must be ratified by 2/3rds of all states in order to become an actual constitutional amendment.

      not going to happen. it is all theater. except for the cuts. those are very real.

    •  and one more thing... (5+ / 0-) that we should not in any way get sucked in to the false idea that our federal government should balance its checkbook like a family would or a state would. The one thing that a federal government can do that neither families or states can do?

      Print Currency.

      You are being deluded by republican talking points when you suggest that our government should operate its finances like a typical household or a state.

      next you'll be saying we should go back to the gold standard.

      •  Can and SHOULD do (1+ / 0-)
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        The one thing that a federal government can do that neither families or states can do?

        Print Currency.

        In times of a slack economy, government can and should take up the slack, putting unemployed people to work, and paying them with money that's either borrowed or conjured out of nowhere.  In times of 'full' employment, government should keep the economy from overheating by paying down the debt and/or taking money out of circulation.  
        In those good times, the market is doing its job of putting people to work where their labor produces the most.  But in hard times like the Great Depression, and now (which Paul Krugman has started calling the Lesser Depression), the market system lets lots of people languish unemployed, wasting their potentially productive years.  Government should step in.  Didn't we learn that in the 1930's?

        We're all pretty strange one way or another; some of us just hide it better. "Normal" is a dryer setting.

        by david78209 on Sun Jul 31, 2011 at 11:04:08 AM PDT

        [ Parent ]

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