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Bill: Proportional Balanced Budget Act of October 3533
Details
Submitted by[?]: Capitalist Working Families
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 3534
Description[?]:
| Dear Distinguished Members of the Parliament: (1) In light of the COMPREHENSIVE & REVOLUTIONARY Tax Code SIMPLIFICATION plan that our party submitted earlier, we are now submitting a BALANCED BUDGET that is PROPORTIONALLY based on the EXACT SAME spending formula that this Parliament approved for vital government spending on Education, Science & Technology, Environment & Tourism, etc. (2) However, I HUMBLY urge you NOT to get "frightened" from the PERCEIVED "barebones budget" of approximately 37 Billion RUT to the previous budget of 65.5 Billion RUT. The reason for these sharp spending cuts is based on SOUND ECONOMIC PRINCIPLES: (a) For example, when Government substantially INCREASES government spending, it results in a condition known as FISCAL CROWDING OUT. In other words, the UN-necessary and MASSIVE government spending PREVENTS the Private Sector in the Rutanian economy from INVESTING its resources in production and investment which will lead to DEPRESSED economic growth. (b) Let's explain this by using a rather simple analogy: if there are a TOTAL of 10 RUT(s) in the overall economy, and the Government is contributing nearly 70% (or 7) of that money in the economy via UN-necessary aggressive spending from the PEOPLE's taxes, then that means by simple math that the Private Sector is ONLY contributing (or investing) a MERE *3* RUT(s) (or 30%) of the total money in the economy to JOB CREATION and INVESTMENT. This logically EXPLAINS why the Commonwealth of Rutania's INVESTMENT portion of GDP is a MEASLY "12.08%." (c) Therefore, we are simply proposing that if this Government were to contribute ONLY 30% of the overall money supply via spending, then that will AUTOMATICALLY free up space for the Private-Sector to contribute and INVEST the 70% of the money supply in JOB CREATION which will result in UNPRECEDENTED Economic GROWTH. cf. http://en.wikipedia.org/wiki/Crowding_out_(economics) SOURCE: ^Olivier Jean Blanchard (2008). "Crowding Out," The New Palgrave Dictionary of Economics, 2nd Edition. Abstract. Roger W. Spencer & William P. Yohe, 1970. "The 'Crowding Out' of Private Expenditures by Fiscal Policy Actions," Federal Reserve Bank of St. Louis Review, October, pp. 12-24 Cordially yours, Christian E. Savage, The Capitalist WORKING FAMILIES Party Spokesman |
Proposals
Article 1
| Ministry | Current Budget | Old Budget | Propesed Budget |
| Head of Government | 22,000,000 RUT | 25,000,000 RUT | 14,382,198 RUT |
| Foreign Affairs | 285,000,000 RUT | 600,000,000 RUT | 345,172,756 RUT |
| Internal Affairs | 2,463,000,000 RUT | 1,200,000,000 RUT | 690,345,511 RUT |
| Finance | 150,000,000 RUT | 430,000,000 RUT | 247,373,808 RUT |
| Defence | 5,624,000,000 RUT | 21,150,000,000 RUT | 12,167,339,638 RUT |
| Justice | 285,000,000 RUT | 1,300,000,000 RUT | 747,874,304 RUT |
| Infrastructure and Transport | 15,313,000,000 RUT | 9,500,000,000 RUT | 5,465,235,299 RUT |
| Health and Social Services | 28,750,000,000 RUT | 6,500,000,000 RUT | 3,739,371,520 RUT |
| Education and Culture | 16,850,000,000 RUT | 11,500,000,000 RUT | 6,615,811,151 RUT |
| Science and Technology | 6,763,000,000 RUT | 11,500,000,000 RUT | 6,615,811,151 RUT |
| Food and Agriculture | 5,931,000,000 RUT | 650,000,000 RUT | 373,937,152 RUT |
| Environment and Tourism | 1,255,000,000 RUT | 600,000,000 RUT | 345,172,756 RUT |
| Trade and Industry | 2,663,000,000 RUT | 600,000,000 RUT | 345,172,756 RUT |
| Total | 86,354,000,000 RUT | 65,555,000,000 RUT | 37,713,000,000 RUT |
Debate
These messages have been posted to debate on this bill:
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| Vote | Seats | |||||
| yes | Total Seats: 124 | |||||
| no |
Total Seats: 363 | |||||
| abstain | Total Seats: 0 |
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