THe topic is "a balanced budget amendment requiring that the goverment cannot spend more money that it takes in...
I'm for this, not against.....Here's my essay.
Benjamin Franklin once said, "When the people find that they can vote themselves money, that will herald the end of the Republic. 鈥欌€?A balanced budget amendment should be added to the constitution because there is no reason that the government should be allowed to deficit spend. A balanced budget amendment would put a check on the governments spending power; they would only be able to spend as much as they bring in. This would make them look at each spending program and hopefully cut out allot of the extra pork. I personally would like to put this statement on every spending bill: 鈥樷€橳his spending is so vital to our national interest that it is the opinion of all voting for and signing into law that the governments power to spend this money is more important than the peoples right to their own property鈥欌€? 2We won鈥檛 ever balance the US budget until we learn to be independent of our national debt. Our country owes trillions of dollars to China, Kuwait, etc. In other words we have been bought and paid for by other countries. All they would have to do is demand the money we owe and if we are unable to pay we could become a territory of that country. Next is the issue of enforcement. It is the duty of the Congress and the President to balance the budget, according to the Constitution. It's not up to the Courts to raise taxes. One solution is to state that if the government runs out of money and the Congress and the President haven't agreed to a new balanced budget, then the court has the authority to order the government to shut down(like it does now) if a budget is not passed.
The Federal government has expanded far beyond its duties specified in the Constitution. These expansions require an ever-increasing infusion of cash. The only way to solve the problem once and for all is to scale the Federal government back to within its constitutionally proscribed limits. This will not happen for two reasons: 1) Power, once obtained, is not easily relinquished; 2) People have become spoiled and lazy and would rather have the government do for them rather than do for themselves. Thus, the welfare state and the "entitlement mentality" of so many today. A balanced budget amendment would only lead to higher taxes because people would continue to demand ever-increasing levels of handouts.3 there are valid reasons to temporarily run a budget in deficit.1. Accumulated surpluses allow for greater spending on infrastructure not covered by a single year's revenues 2. Recession reduces the revenues of a country. To cut services (and so spending) would likely send the country further into recession as potentially would increase tax rates - so a temporary deficit is justified 3. In times of war we do not want out ability to defend ourselves to be restricted by the amount of tax revenue brought in. The main thing is we need to stop spending. By allowing the government to spend more then it makes we are feeding failure. If the government can't live on its income it needs to make cuts, just like you or me. 4 An example of covering costs (buying and selling) to stay in a budget. When most products are imported from other countries and not as much is manufactured and sold from here then the revenues received coming in are not going to be enough to cover what is being imported. There are obviously some good reasons such an amendment, mainly that it puts government spending in check and forces Congress to think a little harder before spending so much money. 5I'd say the strongest counterargument against such a law is that it could cause problems in times of crisis. We're in a war right now so there's a lot of spending, and thus a lot of deficit spending. The only ways to maintain a balanced budget in a situation like the one we have today would be to do one of the following: Spend less on the military (slim chance of that happening)Cut funding to other programs (not much left to cut, lots of people suffer) Raise taxes (people are having trouble paying their bills and taxes as it is without tax hikes)In a way it's just putting off today's financial problems until tomorrow, but there is something to be said for deficit spending. I think there should be less of it though. the financial needs of various social and federal programs coupled with other essential costs such as the defense budget is greater than the money taken in. Your proposed balanced budget will cause more trouble to people than help. The other counterargument I can think of is a stalling effect on the economy. In order for the government to balance its budget, many government contracts will need to be reduced or eliminated while taxes may need increased. This loss of revenue and increase in costs for many businesses and their employees would definitely have an adverse impact on the economy. The US must stop invading countries so that it will stop being indebted to other countries in order to have an independent budget without dependence from other countries like China. Hi,
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http://shurl.net/5oX Thesis or essay in two paragraphs. You need a lot more work on this. |
