Quote:
Originally Posted by stekim
Nope. That was an easy answer. Sometimes it may be necessary to have a deficit. And that's fine. It's only a problem when you have one every year for three decades.
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And how exactly do we keep Congress from running a deficit every year for three decades if there are no requirements to balance the budget. As it stands, Congress has carte blanche to deficit spend so they use it. Their primary concern is to get re-elected, so they use their spending power for pork barrel projects directed at their state or district.
I feel there has to be some control on this free spending of money in congress. However, I don't deny a need to give them the ability to run a deficit in some extreme circumstances. Therefore, my answer is:
They should be required to balance the budget, with exceptions made in times of national emergency.
Now, defining a national emergency may be a little tricky, but I think we would still be better of this way than without any requirement at all.
As far as how balancing the budget should be done, I have already alluded to it earlier in this post - cut pork barrel spending! - would be a great start.