tag:blogger.com,1999:blog-5338679290238780332.post3240945707489951942..comments2023-07-03T11:34:28.299-04:00Comments on EconoBlast: What To Do About the Deficit, What To Do, (Much Hand Wringing), Oh, What To Do?David L. Kendallhttp://www.blogger.com/profile/16272267770395417058noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-5338679290238780332.post-49596209207576432252023-01-24T11:33:37.749-05:002023-01-24T11:33:37.749-05:00Good one, my friend. I would vote for that. Good one, my friend. I would vote for that. Anonymoushttps://www.blogger.com/profile/02549185957781018635noreply@blogger.comtag:blogger.com,1999:blog-5338679290238780332.post-22945517116493849382011-01-12T08:54:08.867-05:002011-01-12T08:54:08.867-05:00Mike, I agree that avoiding borrowing might be ide...Mike, I agree that avoiding borrowing might be ideal, especially for governments. But prohibiting borrowing altogether may be impractical.<br /><br />Most people borrow at some time, and borrowing to finance capital goods (stuff like roads, houses, factories, etc.) isn't necessarily a bad idea.<br /><br />But I definitely see your point; fair enough.David L. Kendallhttps://www.blogger.com/profile/16272267770395417058noreply@blogger.comtag:blogger.com,1999:blog-5338679290238780332.post-16517608115734078662011-01-11T14:42:32.260-05:002011-01-11T14:42:32.260-05:00Id say, forget about the GDP. Pass a constitutiona...Id say, forget about the GDP. Pass a constitutional amendment that would force congress never to spend a dime more than the treasury receives in tax revenue. Ever. The "percentage of GDP argument" assumes that GDP numbers are honest. They are not. GDP is private product. Spending must be limited by what the treasury actually receives in tax revenue.Mike McMacknoreply@blogger.com