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Bill: We're Living in a Banana Res Publica
Details
Submitted by[?]: Democratic National Party
Status[?]: defeated
Votes: This bill proposes to change the allocation of funds in the budget. It requires more than half of the legislature to vote yes. This bill will pass as soon as the required yes votes are in, or will be defeated if unsufficient votes are reached on the deadline.
Voting deadline: October 2557
Description[?]:
| The Conservative Party propose to adjust the government's spending budget to better address the economic and social situation of the Axis Mundi Likatonian Res Publica. Total Revenue 111,072,391,032 LIK Total Expenditure: 111,065,000,000 LIK We need to reduce spending because we are living way beyond our means at the moment with a massive deficit of more than three times our income. This bill will help the economy recover. |
Proposals
Article 1
| Ministry | Current Budget | Old Budget | Propesed Budget |
| Head of Government | 8,468,962 LIK | 55,000,000 LIK | 15,000,000 LIK |
| Foreign Affairs | 2,117,240,580 LIK | 1,000,000,000 LIK | 500,000,000 LIK |
| Internal Affairs | 7,622,066,087 LIK | 5,000,000,000 LIK | 8,000,000,000 LIK |
| Finance | 4,234,481,159 LIK | 5,000,000,000 LIK | 5,000,000,000 LIK |
| Defence | 12,703,443,478 LIK | 100,000,000,000 LIK | 15,000,000,000 LIK |
| Justice | 5,928,273,623 LIK | 49,826,194,582 LIK | 8,000,000,000 LIK |
| Infrastructure and Transport | 9,315,858,550 LIK | 10,000,000,000 LIK | 10,000,000,000 LIK |
| Health and Social Services | 11,856,547,246 LIK | 50,000,000,000 LIK | 15,000,000,000 LIK |
| Education and Culture | 8,468,962,319 LIK | 50,000,000,000 LIK | 15,000,000,000 LIK |
| Science and Technology | 6,775,169,855 LIK | 30,000,000,000 LIK | 19,000,000,000 LIK |
| Food and Agriculture | 5,081,377,391 LIK | 5,000,000,000 LIK | 1,000,000,000 LIK |
| Environment and Tourism | 4,657,929,275 LIK | 10,000,000,000 LIK | 5,000,000,000 LIK |
| Trade and Industry | 5,919,804,661 LIK | 20,000,000,000 LIK | 9,550,000,000 LIK |
| Total | 84,689,623,186 LIK | 335,881,194,582 LIK | 111,065,000,000 LIK |
Debate
These messages have been posted to debate on this bill:
| Date | 00:12:35, April 06, 2008 CET | From | Democratic National Party | To | Debating the We're Living in a Banana Res Publica |
| Message | Total Revenue 111,072,391,032 LIK Total Expenditure: 111,065,000,000 LIK We need to reduce spending because we are living way beyond our means at the moment with a massive deficit of more than three times our income. This bill will help the economy recover. |
| Date | 01:48:56, April 06, 2008 CET | From | Commonwealth Workers Army | To | Debating the We're Living in a Banana Res Publica |
| Message | While we obviously have nothing but the highest regard for CP economists, the fact that they are not the party that heads the Finance Department unfortunately means we have little attention to give to their proposal. |
| Date | 11:17:22, April 06, 2008 CET | From | Democratic National Party | To | Debating the We're Living in a Banana Res Publica |
| Message | "the fact that they are not the party that heads the Finance Department unfortunately means we have little attention to give to their proposal." The CLP didn't hold that portfolio back in the days when they pushed through (successfully thanks to the AMRLP support) radical economic reforms. Why should it be any different for the CP? Besides the finance ministers in this country haven't been doing their job for a very long time to say that they've let such a massive debt build up. Come on, we can't honestly keep spending 3 times our income. Think about that prom a personal finance - a microeconomic point of view first - you're income is 100£ year - and you're spending 300£ a year, thus increasing your debt by 200£ every year. All your 100£ income would end up being spent on interest eventually. So add that to the marcoeconomic scenario and government expenditure. It simply cannot continue. We are living way beyond our means and the standard of living of the country has to be decreasing rapidly. There has to be hyper-inflation, the country must be printing buckets of money. It cannot continue. The country is in a crises. This bill is the first step to economic recovery. |
| Date | 14:53:45, April 06, 2008 CET | From | Democratic National Party | To | Debating the We're Living in a Banana Res Publica |
| Message | LRA, what logical reason do you have for not supporting this bill? Honestly - you recieve 1$ - you spend 3$ - every day - the debt adds up. Can't you see the problem? |
| Date | 21:16:22, April 06, 2008 CET | From | Commonwealth Workers Army | To | Debating the We're Living in a Banana Res Publica |
| Message | The CP assumes our expenditure versus income is based on a zero point... |
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Voting
| Vote | Seats | ||
| yes | Total Seats: 256 | ||
| no | Total Seats: 330 | ||
| abstain | Total Seats: 80 |
| Random fact: You can view helpful ideological statistics about the regions in your nation on the region pages. You can also view detailed political opinions and the importance of them there as well. |
| Random quote: "I have no faith in political arithmetic." - Adam Smith |