This article, or a section of this article, is requested to be expanded. See the request on the listing or elsewhere on this talk page. Once the improvements have been completed, you may remove this notice and the page's listing.
A balanced budget embodies maintaining a net government surplus, meaning the government takes in more in taxes than in spends. This philosophy is primarily prevalent among fiscael conservatives. Wikipedia Logo File links The following pages link to this file: Talk:Amino acid Australian Army Boxing Bioterrorism Brick Broadway (Manhattan) Geography of Canada Transportation in Chile Confucius Colorado Rockies Origins beliefs Democracy Document Type Definition Equuleus East Slavic languages Flanders Fifth Monarchy Men Grenada Geyser Harry Potter Information explosion...
This is in opposition to the financial theory of British economist [[1] (http://en.wikipedia.org/wiki/John_Maynard_Keynes)], who encouraged spending at defecit during recessions to encourage economic development with the ultimate goal of improving the economy enough to pay back the debt during times of economic prosperity. FDR's New Deal provides the ultimate example of spending at defecit to encourage growth.
Elected officials and voters share a conviction that state budgets are supposed to be balanced; voters expect as much, and legislators and governors act on that rule.
Borrowing for capital expenditure does not legally violate state balancedbudget provisions, either because those provisions specify a way that general obligation debt may be issued, or because, in states that do not permit general obligation debt, caselaw has validated the issuance of other forms of debt.
State balancedbudget provisions are not as restrictive as those a proposed constitutional amendment would impose on the federal government.
Third, this is a balancedbudget that provides modest tax relief to the middle class, helping families to raise their children, buy and sell a home, save for their retirement with expanded IRAs and send their children to college.
Fourth, this is a balancedbudget that will help us finish the job of welfare reform, providing $3 billion to move welfare recipients to private sector jobs, keeping our promise made last year to provide $12 billion to restore disability and health benefits for 350,000 legal immigrants.
Finally, this is a balancedbudget that honors our commitment to our parents by extending the Medicare Trust Fund for a decade and to the next generation by continuing our commitment to the environment to protect our air, our land, our water, to clean up the worst toxic waste sites in the nation.
Feeds |
Contact