Added by antonzewa Thursday, June 18 9:50:54 PM
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Re: Will you vote for a balanced budget amendment, with exceptions only for periods of declared war, a declining annual GDP, or in the event of a major natural disaster?
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It is more important to vote for a return to the Gold Standard, because that form of monitary system does not allow for fiat money. Going back onto the Gold Standard would be the best first step to resolving virtually every problem that our economy and our government has. The problem is that each time there is a war the temptation is to go off of the Gold Standard again. And going back onto it is invariably much more difficult than going off of it was.
Perhaps the way to resolve that problem is to form a WAR-TIME EMERGENCY fund or something. But then the temptation will be to use up those funds the same way politicians have done with social security, road funds and so forth. |
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Added by Jon Friday, January 2 5:36:14 PM
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Will you vote for a balanced budget amendment, with exceptions only for periods of declared war, a declining annual GDP, or in the event of a major natural disaster?
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And how is it proposed that such an amendment be enforced? Submit every budget to a federal court to decide it? Balanced budget clauses only work for states, because they can't create fiat currency. The objective sought here is better sought by eliminating fiat currencies and basing legal tender on something "hard", either gold or silver, or, with a constitutional amendment, perhaps units of energy. |
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