Posted on 07/02/2025 11:09:34 AM PDT by MtnClimber
Go after congress critter assets to pay off excess spending. It would stop quickly. Then the problem would be that the democRATs would want to spend on idiot projects to prevent Republicans from properly funding necessary government actions.
Staggering debt and fiscal insolvency is a natural feature of any nation or state built on democratic governance.
> Staggering debt and fiscal insolvency is a natural feature of any nation or state built on democratic governance. <
Yes, indeed. The Founders wisely protected against that by having Senators chosen indirectly - not by the voters, but by the state legislatures.
The 17th Amendment removed that protection. So here we are.
Its a distinction almost without a difference.
Also, demanding generally that someone "require it," (who will "require it" by the way?) is a huge difference from Congress actually doing it.
It serves a very good purpose. It is the only gauge we have on what they spend even if the budget, spending, limits, ceiling is all fantasy. Fools.
Exactly, get rid of it. It limits nothing and it cuts nothing. When its ‘deadline’ hits the spending in question has already been approved by congress so of course the limit will be raised.
There needs to be a way for citizens to sue their representatives for selling them into tax slavery. Maybe there is no way that representatives would pass such a law. Then there is nothing left but vigilante justice or to accept the suicide of your country. Both are bad, but which is worse?
> It [the debt ceiling] limits nothing and it cuts nothing. <
True that. However, it is an occasional reminder of just how reckless Congress is when it comes to spending. For that reason alone I’m in favor of keeping it.
Penalty - 10% of congressional salary, perks and retirement and 20% tax on all outside income included capital gains realized or unrealized per extra $500 B of debt increase.
I found it confusing because I didn't realize they had switched from "deaths" to "debt" since they are similar-sounding words and I couldn't imagine how Congress could limit how many people would get killed. This was when Eisenhower was President.
The proposal is a de facto debt ceiling. It merely uses a different method to impose it, bit by bit, inch by inch. If Congress does not have revenue to back a proposal they will include borrowing authority for it. Given that almost no spending is legislated as independent by independent bills for each department, the big omnibus bills will only need one voting for one agreement to borrow more.
In the end it will not change anything. The “approved” debt level will merely grow via a different process
The Federal Reserve is a much bigger fiscal fraud.
I guess that means that my checkbook balance is a fiscal fraud too. I should just ignore it.
You are far more lenient than I am. I would make it harsh, very harsh for all but unexpected changes in the economy. I would allow the lawmakers to live in government supplied single-wide trailers with no heat or AC and rice and beans every day until they can pay off their malfeasance.
You win. I have already advocated building a Potomac Alcatraz on the DC mall. I have no problem with housing Congresscritters there, so long as they have to live and eat in the general population with MS 13 and TdA.
That is what needs to be smacked in the head with a sledge hammer. There has to be serious consequences or nothing will change. Maybe it needs to be 1776 type changes, but something must be done.
I actually like your plan. It does seem to be torture for MS 13 and TdA.
NO.
It is not a ‘fiscal fraud’.
The LIMITATION MUST STAY.
And they need to start taking it seriously !!!
WHERE IS MY BALANCED BUDGET !!!
{Crafty how Trump got the democrats to whine for one !}
It’s just a squirrel distraction.
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