You believe that maintaining fiscal responsibility by not spending more than the government's revenue will lead to economic stability and reduced national debt.
The "Balanced Budget" political ideology is a fiscal policy perspective that emphasizes the importance of maintaining a balance between government revenue and expenditure. This ideology argues that governments should not spend more than they earn in revenue, and if they do, they should take steps to reduce spending or increase revenue to balance the budget. The primary goal of this ideology is to prevent the accumulation of public debt and the potential economic consequences that can result from excessive borrowing.
The history of the Balanced Budget ideology can be traced…
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How would you feel if you had to cut your personal leisure expenses to save for something essential, and how does this mirror a government's budget decisions?
@9KBNKGVLibertarian2mos2MO
I can curve my spending when the government doesn’t.
@9KBN96C2mos2MO
if the thing i had to save up for was really important to me and was super essential i wouldnt be that upset about pasing my leisure expenses to save up. this mirrors a governments budget decision because the government has the right to take away our leisure expenses in a way for example making taxes higher could cause us to have less money for "leisure expenses"
The idea that the U.S. budget should mirror the "family budget" is a vast oversimplification. The US gov't is one of the most powerful financial forces in the world, and debt doesn't mean the same thing for them as it does as
for a family.
@9KBNHDN2mos2MO
This is what I do, and it should be a standard everywhere.
@ISIDEWITH4mos4MO
Why might a country choose to run a deficit instead of balancing its budget, and is it always a bad choice?
@5Q9J36T 4mos4MO
Unfortunately, the reason is lack of fiscal responsibility. It isn't always bad, but it mostly contributes to inflation.
@9JCG66GIndependent 4mos4MO
I believe that we should balance the budget because we need to provide resources so that people do not starve.
@9JCGZSD4mos4MO
A country would balance its budget when they are in trouble and must spread its resources throughout many categories. I don't think it's always a bad choice but it would be in America because we have many items that would be over-funded on a balanced budget and would underfund many vital programs.
@9JCGYJSRepublican4mos4MO
because a country might have most of there profits from that area of that budget,so more money is used in that sector,and it is not always a bad idea just as long as the country has other modes of production.
@ISIDEWITH2mos2MO
How does your sense of financial security correlate with your personal spending habits, and should governments feel the same pressure to save?
@9KBP34M2mos2MO
While personal financial security and government budgeting share some similarities, it is crucial to recognize the distinct considerations and challenges faced by each. Individuals can focus on their personal budgeting and saving habits to enhance their financial security, while governments must navigate complex economic factors and make decisions that promote overall stability and well-being for their constituents.
@9KBNZFDPeace and Freedom2mos2MO
If you learn to save now you will feel a lot better later on.
Deleted2mos2MO
Fostering collective success rather than solely focusing on individual wealth accumulation is a valuable perspective to consider. The Nordic Model, often associated with countries like Sweden, Norway, Denmark, Finland, and Iceland, emphasizes achieving a more equitable and inclusive society.
This model aims to balance economic prosperity and social welfare, ensuring everyone has access to essential services and a high standard of living. By prioritizing collective success, these countries have implemented policies that promote social cohesion, strong social safety nets, and robust public servi… Read more
@ISIDEWITH4mos4MO
If you had to fund a school event with minimal resources, how would you ensure its success, paralleling a government's fiscal challenges?
@9JDH54Y3mos3MO
I would fund the school with technology that provides learning tools to help students.
@9JDGZQF3mos3MO
I would firstly ensure the funding of certain aspects of the school event that are deemed necessary. Then with the resources left, I would ensure that the school event is enjoyable for the students.
@9JDGF5F3mos3MO
I would put more founding toward teacher pay so they can teach with a living wage
@ISIDEWITH4mos4MO
How can peer pressure to spend money compare to international pressures on a country's spending habits?
@9JDK2HB3mos3MO
to balance budget stop giving money to other countries
@9JDKGWP3mos3MO
If a country spends money a certain way, the general population of another country could agree with this spending and then pressure their own government to establish the same/similar spending habits.
They can pressure someone into taking a wrong step leading to more issues down the road
@ISIDEWITH2mos2MO
When you disagree with how your family allocates funds, how do you voice your opinion, and is this process comparable to public input on government budgets?
@9KBKW57Independent 2mos2MO
I actually have a say, in what is being spent in my household there is no input to what the government spends all my tax money on. They need to listen to the taxpayers more about what they use our money for and stop bail out of companies do what they want with the cash, and there are no ramifications. There should be rules of what they should be able to do and not do like buyback stocks should not be an option for them if they’ve been bailed out for 10 years also, the rate that they raise the CEOs and executives pay should be raised for the employees who do all the hard work in the trenches. After a bank has been bailed out they should have no high interest rates for 10 years and when they do have interest rates, they should fall in line with the interest rates of everything else not 29% when there’s 7% interest rates.
@9KBK9VR2mos2MO
I would say this is a good idea because we all need help at the end.
@9KBK4W72mos2MO
I make my opinion clear, without disrespecting theirs.
@ISIDEWITH5mos5MO
How do you feel when you hear about your government's debt, and why do you think that is?
@9HPJ4KGRepublican5mos5MO
I think the government need to realize what are the most need things and what are not the best invest it into the most important
@9HPJ3DB5mos5MO
Because we keep borrowing things fro other places but we know we cant pay em back but we still take stuff
@ISIDEWITH6mos6MO
If you had to choose between raising taxes or reducing services to balance the budget, which would you choose and why?
@9HCX7BP5mos5MO
I would say raise the tax on the rich. Them having to send money on useless things instead of helping their country is absurd. Taxing the poor or middle class is absurd as well knowing they are barely making enough to come by.
@9HCX4SW5mos5MO
reducing services because raising taxes may make it impossible from low income individuals to make it in this world
@9HCXG9Z5mos5MO
Raise taxes, the services are already spread too thin and there are people who can afford to pay.
@ISIDEWITH4mos4MO
If you were given a chance to invest in a project with a limited budget, what would your approach be?
@9HYHND24mos4MO
build a high value base then build up with the materials you have
@9HYHXL2Republican4mos4MO
If i knew there would be a possibility to where the budget could increase I would continue with the work
@9HYHK3G 4mos4MO
Idk man, just pay off the debt to China before you go blowing it all on another project.
@ISIDEWITH6mos6MO
If a friend constantly spent more than they had, what advice would you give them and why?
@9HCTLTL5mos5MO
I would say to channel the level of spending into a budget and spend the majority of their money on needs not to abuse the loaning and financial assistance America provides.
@9HCTF485mos5MO
I would tell them to think about what they actually need vs what they want and to not ask me for money if they need it.
@ISIDEWITH4mos4MO
Should governments save up for unforeseen situations just like individuals are advised to do, and why?
@9HVT4KM4mos4MO
Yes, because you never know what will happen but also funding should be enough to protect citizens
@9HTT482Independent4mos4MO
Yes, because that's the smart thing to do, if you have a lot of money and a situation comes up and you don't have money, you're screwed.
@ISIDEWITH6mos6MO
Do you think it's fair for future generations to inherit the national debt created by the current government's overspending?
@ISIDEWITH5mos5MO
If your income decreased, would you prefer to cut back on spending or find ways to increase your income, and why?
@9HPJ3J85mos5MO
both, if my income decreases i dont need to continue living a highly lavish lifestyle but i would also be trying to find a way to increase my income
@ISIDEWITH4mos4MO
@ISIDEWITH4mos4MO
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