Why Should the Government Balance not Balance its budget?

Question

I am debating in class why the governement should not balance its budget. First what does it mean by balancing its budget. Second what are some good points that i can use.

Answer 1

the liberals ran it up, and are still messing it up

Answer 2

Ok I got a few good answers on why our Government should not balance its budget.

1. To continue to fleece us with interest payments on money the citizens didn't borrow.

2. We don't care about our kids and how there gonna pay it back.

3. Politicians need an increasing supply of money to pay off promises they made for the campaign contributors.

4. The federal reserve bank (who isn't affiliated with our government) needs the money more than the hard working citizens of our country.

5. How else will the rich continue to get richer and the poor continue to get poorer.

6. Its a basic economic principal and way over most of our representive's heads.

Answer 3

Government collects money as revenue receipt from various social activities like taxing the goods and services namely anything and everything that you buy and consume are taxed, then direct tax on income of all and income tax for the companiesbased on their profits, so also the entertainment industry like taxing the cinemas, videos, CDs etc etc! Imports also attracts a duty and the Government tax all the imports and collects more money!

Then Government spends money for everything it maintains and for all new development plans and non development plans. Here, it has a huge work force to pay as government officials starting from the President in the white house, all the memebrs of the Congress, all the minsters and ministries, and nation wide all those work in government jobs, etc etc!

Government spends for the plans like roads, hospitals, railways, defence,shipping, ports and town development, disaster management like flood and fire controletc etc

When the revenue receipt is less than the expenses then the budget has the deficit and for this deficit budgeting means the budget is imbalanced! But, balancing the budget is just not possible cos the Government waste huge amount on all non developemtn plans and projects! So, balancing the budget means Government should not increase any fresh tax burdern on the middle income groups and as well as poor people and rather the rich can be taxed heavily and the expenditure must be made to be less than the reveneu receipt, then we can say the budget is balanced!

Answer 4

Clinton balanced the budget,cut spending.. left office with a large budget surplus,this is very unusual,    OUR gov.spends more money than we have .. then every year they  borrow money at interest from japan ,china,  to keep America solvent.

America  is broke, we owe so much money are government cannot pay it back! we only pay the interest on the debt...

Balanced budget would be great but the president can not stop spending money!   we are spending 2 Billion a week in IRAQ

What if we spent 2 billion a week rebuilding America?

Answer 5

To have what we consider a balanced budget, the total amount of gov revenues must be equal to or greater than the total amount of expenditures. To make more than what is spent is known as a surplus, and less is knon as a deficit. A historical accumulation of deficits is called national debt.

Here are some of the points I can think off of the top of my head:

Deficits can sometimes be investments yielding greater returns in the future. If the US could manage a surplus by eliminating financial aid expidentures to college students, then many of them would be forced to drop out and we would we would have less higher paying jobs to earn tax revenues from.

Sometimes eliminating some of your largest deficits can be rather suicidal. If congress cut off spending from the troops in Iraq, then they would have no supplies to fight with and would be forced to abandon it (which is far different than a withdrawal). If the President decided to limit funding to social security retirees (which I believe Soc. Sec. is the largest of all deficits), then over one fifth of the elderly would be in poverty.

Unless spending and debt is out of controll, there really is no urgent need to balance the budget. Unless spending were to be expanded onto squanderous levels to fund things such as a Woodstock museum or missiles in space, then therer really isn't a need to forgo other opportunities. If the interest on the national debt were costing us a fortune, then maybe we would have a bigger problem.

Well I hoped that help. I try to be very detailed in my answers to school questions because I ask them myself.

Answer 6

A 'balanced budget" is one in which payouts do not exceed revenues.  The United States has not had a balanced budget in almost 150 years.  This is caused by too many professionla pandering politicians making up too many communist,fascist, socialist, collectivist, Marxist, unconstitutional programs to buy votes at the espense of taxpayers.  If the governemnt tries to pay off its debts it does not have enough money (stolen from working Americans through taxation) to fund its Constitutional duties and needs to borrow more and more every year.  The more money tthe federal government obligates future generations to pay off the less our dollars will be worth.  We need to end all of the unconstitutional spending (welfare, education, "disaster relief", foreign aid, socialist medicine programs) so we can pay off the debt and lower taxes.

Answer 7

Not balancing the budget is spending your children's and grandchildren`s future.The debt will have to be paid some day and taxes have to keep going up to pay for the interest on the debt.

Answer 8

Since the government borrows all funds from the Federal Reserve it is impossible to have a balance budget.

What people really mean is to spend no more than they take in with taxes.