Oh boy, your argument is full of flaws. A person having debt and what the government does are two different things. The government runs a deficit each year. This means spending, including the servicing of any debt, exceeds revenues. If a consumer, even with credit card debt and a mortgage, does this for very long they will wind up bankrupt. You can have a balanced budget and still have debt. This only means you aren't taking on increasing amounts of debt. We have had a balanced budget for a couple during the Clinton administration because of the most excellent work of Gingrich and Clinton. Please do your research before posting in a public forum.
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Originally Posted by Guest
What are FIC taxes and if you meant FICA taxes, what does it have to do with retirement income. FICA is only on earned income and only up to an inflation adjusted amount. Almost no economists, right or left, support a balanced budget. It is a buzz word, a simple phrase, a very bad idea. Do you have a credit card, a mortgage, a car loan? Then you don't have a balanced budget and a home is not a nation where deficit spending is often essential for both security and economic growth.
A Constitutional Balanced Budget Amendment Threatens Great Economic Damage — Center on Budget and Policy Priorities
JSTOR: Journal of Economic Education
So back on topic, did Scott flip flop and is the state GOP right in not taking the money and insuring our poor but not poorest neighbors. And when the rural and teaching hospitals close or cut back because of non-compensated care that this money would have provided, will the GOP hatred of the ACA be enough of a reason for this political decision. |