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View Diary: Dem Econ Agenda: Budget Balancing = Reforming Government (236 comments)

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  •  Thank you, I really appreciate the compliment n/t (1+ / 0-)
    Recommended by:
    mickslam
    •  BBA? (0+ / 0-)

      Really newdealdemocrat?

      I don't think I would like something like that, but am open to persuation.  I am a Keynsayan at heart, and I like to spend during bad times and save during good times.  I think it largely makes sense to do this.

      However, we haven't been able to reign in spending during conservative control of government at all.  There are many reasons for this that bonddad has gone into.  So we need to do something, and it might be something very drastic, like a BBA

      I am repeating myself, and thats ok.

      by mickslam on Mon Jul 10, 2006 at 02:02:40 PM PDT

      [ Parent ]

      •  Mickslam, I got a pet peeve (1+ / 0-)
        Recommended by:
        mickslam

        well, okay, more than one, but one of them anyway -- and please don't take this personally -- is commenters who sound off in opposition to something without reading the original post.

        I've read enough of your stuff to know you're one of the good guys (unlike a certain trollish diarist who is currently trading off bonddad's good name, with reocmmendations by people who've never debated on any of bonddad's diaries, and I know that cuz I've checked their histories).

        But (sighing) I set forth extensively what I was talking about on bonddad's agenda diary last Friday.  Please go read my comments there, but I'll summarize here.

        IMO, we need a counter-cyclical balanced budget amendment, that allows deficits in bad times and emergencies, and mandates balance or a surplus in good times to make up for it (the same fiscal policy you approve of in your comment).  I recommended that an independent agency similar to the Fed be responsible for making that call, subject to judicial review for abuse of discretion.  I also recommended immediate annual Supreme Court review of the budget for compliance, again with an abuse of discretion standard.

        The reason I argued for a BBA is because of exactly the concern set forth by maxschell above -- i.e., the democratic party is in power, behaves prudently, and builds up the public fisc.  Then the Repugs come back to power and treat the fisc as a honeypot to be raided by their wealthy corporate buddies and cronies (just as Bush did to Clinton).  The only way to stop it from happening again is to put some limits into the budget system.

        I took a lot of flak on Friday for this opinion.  I finally left a "betting the family farm" comment with sort of a parable for people who disagreed with me.  I encourage you to at very least read and think about that parable.  If you still disagree with me, I'd be pleased to hear any solution you might offer.

        Fair enough?  Cheers

        •  No worries - sorry about that. (1+ / 0-)
          Recommended by:
          New Deal democrat

          I didn't go back to that original post sorry NDD.  I would support that. I don't know how to find posts here, but I'll figure it out at some point.

          And I agree fully, we (the dems) are always cleaning up the mess made by republicans.  They are a much better opposition party, simply due to the nature of their arguments.  

          I think the implementation you propose might be a little convoluted and open to debate for an actual amendment.  However, does it need to be an amendment?  I think standard law would be plenty.  Amendments scare me - always have.  How about  - if you don't balance this budget according to these rules, you can't run for re-election or become a lobbyist!  

          I am repeating myself, and thats ok.

          by mickslam on Mon Jul 10, 2006 at 04:17:32 PM PDT

          [ Parent ]

        •  BTW - finding prior posts (0+ / 0-)

          you can either click on the name of the commenter or diarist, and click on "diary" or "comments" and the prior posts will show up.  In this case, for example, if you click on bonddad's name, then on the next screen click his diary for 7/7/06, the diary will show up.  Then go thru the comments.

          Or just click on my name, go to comments, search 7/7/06 and they turn up by title.

          Cheers

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