General Discussion
In reply to the discussion: I would like some opinions please..... [View all]tkmorris
(11,138 posts)I simply found it difficult to believe that a Liberal could view either of those websites and be fooled by their content. I still do frankly, though I admit the possibility.
Back to your original question though. Are you familiar with the work of John Maynard Keynes, whose economic philosophy spawned what is popularly known as Keynesian economics? The question you posed, though you may not be aware of it, is used as a direct argument against the principles of Keynesian economic policy. It is quite impossible to discuss a balanced budget proposal without an understanding of Keynes' ideas, and making an argument either for or against them. If you are not already familiar with him, start there. Here's the wiki: http://en.wikipedia.org/wiki/John_Maynard_Keynes . Please research further as you see fit.
My advice is if you find yourself discussing a balanced budget amendment with anyone who does not understand Keynesian economic theory, and can mount a cogent argument either for or against it, stop talking to them. They don't know what they are talking about.