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Bill: End The Deficit

Details

Submitted by[?]: League of Libertarians

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: June 2920

Description[?]:

Current Situation

Revenue 1,198,198,765,003 END
Expenses 1,217,790,376,797 END
Surplus -19,591,611,794 END

We need to end National Debt to avoid further Recession

Proposals

Debate

These messages have been posted to debate on this bill:

Date14:47:00, April 07, 2010 CET
From Popular Stability
ToDebating the End The Deficit
MessageThat is financially illiterate.

National debt does not cause recession, quite the opposite in fact. It creates jobs and adds money to the economy. If you were trying to create a recession, then a sure way to do it would be to drastically cut government spending, just as this bill proposes.

Date15:17:12, April 07, 2010 CET
From Humanist Alliance
ToDebating the End The Deficit
MessageWe have enough surplus. We don't need to make cuts.

Date15:55:22, April 07, 2010 CET
From Humanist Alliance
ToDebating the End The Deficit
MessageOh, sorry, I misread it. We have deficit. If we want to aovid it we could just cut 20M of military spending (a real trifle).

Date18:18:15, April 07, 2010 CET
From League of Libertarians
ToDebating the End The Deficit
MessageSorry for my Keynesian illiterate, recessions are natural in Free-Market economy, Government Intervention is really prolonging the recession by keeping poorly-performing businesses in the market, recession is a self-repair mechanism by clearing out poorly performing businesses and rewards better business models that serve consumers. It would end sooner if we just let the Invisible Hands fix the market for itself, yes there would be lots of unemployment, but that won't last long because the economy will recover faster and will perform better.

Date18:23:08, April 07, 2010 CET
From League of Libertarians
ToDebating the End The Deficit
Messageif we can we'd just cut out all spending and let the market operates by itself, but we know it won't pass

Date18:23:31, April 07, 2010 CET
From League of Libertarians
ToDebating the End The Deficit
Messageand also end all taxes

Date23:28:22, April 07, 2010 CET
From King's Hope Party (ACN)
ToDebating the End The Deficit
MessageAmen!
~Hope~

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Voting

Vote Seats
yes
 

Total Seats: 56

no
     

Total Seats: 164

abstain
  

Total Seats: 81


Random fact: Particracy allows you to establish an unelected head of state like a monarch or a president-for-life, but doing this is a bit of a process. First elect a candidate with the name "." to the Head of State position. Then change your law on the "Structure of the executive branch" to "The head of state is hereditary and symbolic; the head of government chairs the cabinet" and change the "formal title of the head of state" to how you want the new head of state's title and name to appear (eg. King Percy XVI).

Random quote: "God has cared for these trees, saved them from drought, disease, avalanches, and a thousand tempests and floods. But he cannot save them from fools." - John Muir

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