Reply #14: We would still INVEST in the future exactly as now (or moreso) [View All]

The only difference is that the United States would not be incurring debt and paying interest. They would simply take the money from the wealthy to do the investment that currently has to be done through borrowing and the payment of interest.

It really isn't rocket science. I think you are possibly confusing deficit spending with spending. With a Democratic BBA, we could keep the spending for investment. It just wouldn't be done via running a deficit. The money would come from the wealthy, as needed.

The idea here is to put the downside of an unbalanced budget directly on the wealthy rather than on "across-the-board" cuts to spending. It is the reverse of what Republicans would like to do.

In some ways, it is a tongue-in-cheek proposal, because it is literally a blank check for the citizens to legislate any program they think they need. But that's democracy (small d) if you think about it.