Warren Buffet suggests an answer to fiscal discipline: if American debt reaches 3% of GDP under a particular Congress, all members are barred from standing as Candidates at the next election. Now, while it’s a bit of a lark at the moment, a judge has weighed in suggesting that Americans could by-pass Congress having to pass this law by making this Constitutional! While it might seem like a good idea to a generation of Americans sick of their government getting further and further in debt, what could backfire here? What about times of war and national emergency? Don’t governments just need the ability to run up debts of 5 or 10% in emergencies?
Search this blog
James Hansen promotes this FREE book as THE solution to climate change!
This free book analyses the limitations of intermittent, dispersed renewable energy
Free poster to download
Eclipse Now on This is my kind of solar! thechildrenofthorium on This is my kind of solar! Eclipse Now on Trump, the gift that keeps on… logiclogiclogic on Trump, the gift that keeps on… Eclipse Now on How low is Trump’s …
My political persuasion
My CategoriesAbolish State govts About this blog Activism Aircraft Alternative fuels Art and Design Biochar Biodiversity loss Biofuels Charismatic Christian climate change Coal Collapse Computers Creationism Denial Dirty fuels (Fracking, CTL, GTL) Doomer Ecology Economics Electric Vehicles Ethanol EU Family Food Futurism / Singularity Geo-engineering Global Governance Global Warming Gun control Health Hydrogen Industrial Ecosystems Mars Materials & Metals Movies and TV Music New Urbanism Nuclear nuclear power Ocean Open Source Open Source Hardware Peak Oil Phosphorus Plastic Politics Pollution Population Posters Rail Renewable energy Robot Cars Rubber Duck (Humour) Sci-Fi Simpol Social Justice Soil Solar Space Storing energy Stress trains Transport Uncategorized War Water Wind Writing / English