Reply to Thread

Message

<blockquote data-quote="soonerwings" data-source="post: 1617933" data-attributes="member: 8035">By stopping the flow of money to those without legitimate need (did you know that 60% of our budget is entitlement driven and thus &quot;mandatory&quot; spending?) and by getting Uncle Sugar out of things he doesn&#039;t belong in (health care, education, etc...).&nbsp; If we&#039;d spend our money more wisely at home we&#039;d have enough to help other nations when they needed it.Agreed, running huge deficits is appalling.&nbsp; Any public finance textbook will tell you that the golden rule to borrowing is that you should never issue debt if the benefits don&#039;t outlast the repayment term.&nbsp; Thus, borrowing money to finance operational expenses rather than capital improvement is considered lunacy.&nbsp; To be fair, 47 out of 50 states have balanced budget amendments in their state constitutions as do a great many town/city charters.</blockquote>

[QUOTE="soonerwings, post: 1617933, member: 8035"] By stopping the flow of money to those without legitimate need (did you know that 60% of our budget is entitlement driven and thus "mandatory" spending?) and by getting Uncle Sugar out of things he doesn't belong in (health care, education, etc...). If we'd spend our money more wisely at home we'd have enough to help other nations when they needed it. Agreed, running huge deficits is appalling. Any public finance textbook will tell you that the golden rule to borrowing is that you should never issue debt if the benefits don't outlast the repayment term. Thus, borrowing money to finance operational expenses rather than capital improvement is considered lunacy. To be fair, 47 out of 50 states have balanced budget amendments in their state constitutions as do a great many town/city charters. [/QUOTE]

Verification