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Bill: Fiscal Responsibility Act
Details
Submitted by[?]: Faschistische Union
Status[?]: defeated
Votes: This bill is a resolution. It requires more yes votes than no votes. This bill will not pass any sooner than the deadline.
Voting deadline: February 4549
Description[?]:
| 1. By passage of this act all parties proposing more expenditure or lower income have to refinance that proposal within the same bill with another proposal, meaning by either cutting expenditure somewhere or increasing taxes somewhere if there is already a government deficit. 1.1 Budget deficits are not allowed. 2. This law shall serve the coming generations and the fight against irresponsible budgets. 3. This is a normal law and can be passed/abolished/changed with a simple majority. |
Proposals
Debate
These messages have been posted to debate on this bill:
| Date | 15:21:41, March 20, 2019 CET | From |  Democratic Centralist Party | To | Debating the Fiscal Responsibility Act |
| Message | Our Country is a parliamentary democracy. Not a dictator. We should allow budget deficits, it’s not necessarily the end of the world and always has been resolved when there has been a deficit. We do believe that changing certain laws have to correspond wiith whatever the budget is at the time. For example. If there is no budget deficit - change laws so that certain sectors are more privatised or completely privatised, with a mix of government funded industries. If there is a slight budget deficit - change laws so that certain sectors are government and private/ state funded - mixed economy. If there is a huge budget deficit - change laws so that certain sectors have more government funded industries than private or completely government funded. We believe this is Democratic for all ministers and people of Solentia. This does not allow all services to be ran privately with more access to government funded support. We believe every party in this government can agree to this proposal. DCP |
| Date | 15:22:38, March 20, 2019 CET | From | Democratic Centralist Party | To | Debating the Fiscal Responsibility Act |
| Message | This is why we have to reject your proposals. |
| Date | 15:28:53, March 20, 2019 CET | From | Faschistische Union | To | Debating the Fiscal Responsibility Act |
| Message | The Problem is: We have seen how irresponsible governments can be in Solentia....we inherted a 100 Billion deficit.... |
| Date | 15:35:58, March 20, 2019 CET | From | Democratic Centralist Party | To | Debating the Fiscal Responsibility Act |
| Message | Which we can easily fix. I believe DCP’s proposals are magnificent. OOC: Do you know how deficits work? I surely do now. Let’s arrange a private meeting about this. DCP finance minister |
| Date | 17:54:30, March 20, 2019 CET | From | Social Democratic Party | To | Debating the Fiscal Responsibility Act |
| Message | OOC: as an economics grad student, it amazes me how little ALL of you understand about budget deficits. Carrying a surplus would 100% of the time be detrimental in the modern world. As long as the budget deficit doesn’t mess up the credit rating, it’s actually economically good for a country to carry a deficit. |
| Date | 20:40:06, March 20, 2019 CET | From | Faschistische Union | To | Debating the Fiscal Responsibility Act |
| Message | OOC: Nonsens! Non one wants to create a surpluse.....it should just be even...the black zero. |
| Date | 15:17:13, March 21, 2019 CET | From | Social Democratic Party | To | Debating the Fiscal Responsibility Act |
| Message | OOC: yeah in most developed countries, carrying a deficit helps your economy. Pretty much all countries owe Money to each other in some faction, and it may seem hard to understand, but that’s what keeps the macroeconomic system going. |
| Date | 15:33:04, March 21, 2019 CET | From | Faschistische Union | To | Debating the Fiscal Responsibility Act |
| Message | OOC: How do we know that when no country ever tried that? The Arab countries and Norway live perfectly well, even better than some European-debt ridden countries. |
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Voting
| Vote | Seats | ||||
| yes | Total Seats: 48 | ||||
| no |
Total Seats: 52 | ||||
| abstain | Total Seats: 0 |
| Random fact: The players in a nation have a collective responsibility to prevent confusion by ensuring unofficial or outdated bills labelled as "Cultural Protocols" are removed from their nation page. |
| Random quote: "A politician is an animal which can sit on a fence and yet keep both ears to the ground." - H.L. Mencken |