Why a Balanced Budget is important to America
A balanced budget is important for several reasons.
The restriction of having to balance the budget keeps the country (like individuals) from overspending, the absence of a balanced budget enables congress to fund pet projects and black ops without the intense scrutiny of the public and finally having a balanced budget will diminish and eventually remove the huge deficit hanging over the country.
Countries, like people, tend to overspend when restrictions are removed, it's human nature. By not enforcing a balanced budget hard decisions are not made and never will be made. Politicians will take the easy road and cater to whatever will get them elected. They will not be forced to make difficult decisions and therefore will not make them. They will leave them to the next guy who will do the same until disaster overcomes us. The guidelines of balancing the budget serve as boundaries and force people and nations to make difficult choices, choices that would never be made if those restrictions weren't there.
Not having a balanced budget enables politicians and agencies to hide money. Because every penny is not accounted for, waste is rampant and fraud all too common. Moreover pet projects like studying the wild platypus in the Antarctic are funded while veterans benefits may be cut. Having a balanced budget causes every penny to be accounted for and cuts down on waste and fraud.
And finally not having a balanced budget contributes to the enormous deficit, which will in turn cause steep tax rates in order to pay for the deficit, which in turn will cause slavery. By that I mean that people will have to work more and more for less and less and eventually we will be working at levels that will not be enough to sustain life. Some people are already working 3 and 4 jobs just to live. Moreover, as tax rates rise business is squelched. Businesses cannot make decent profits, thereby either taking their businesses off-shore or going out of business completely. As the deficit grows larger and larger our economy becomes more and more at risk of collapsing completely. This in turn will cause social strife and possibly the threat of civil or international war as the younger generation will be forced to carry more and more of the tax burden while benefiting less and less and the risk of defaulting with our creditors looms.
At the present time our national deficit is over 17 Trillion dollars and rising! I don't think most people can fathom that monetary amount. I have placed a photo here so that you can see exactly how much money 17 Trillion dollars is. The picture is of 15 Trillion dollars by stacking 100 dollar bills. The amount is inconceivable! We are already in a position of never being able to repay this amount. What will happen when we default on this debt is anyone's guess.
We have to ask ourselves who is benefiting from this debt. The income tax which was made into law (fraudulently in my opinion) in 1913 pays for the INTEREST only on this debt! We had a war in this country over taxation without representation and it was nothing compared to what is going on now. And if you think that we actually do have representation just try getting a hold of a public official. We are in big trouble and it's not something that will happen down the road, it is happening now. And, all of it started because we did not hold politicians feet to the fire and make them balance the budget.
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