AGAINST BAL BUDGET AMEND: The Madness of Senator Simon

[John Gelles <jjgelles@xxxxxxxx>]

	You must vote AGAINST the Balanced Budget Amendment!

	     Do NOT PROFANE the greatest document in the history of
	government with mindless financial Russian Roulette.

	     Senator Simon says it is a matter of one generation
	against another: Will not the interest paid on federal debt
	always be paid to living people of the future generation and
	not to the dead people of the past?

	     Senator Simon says the danger is monetization of the
	debt, in whole or in part. Do we not PAY future interest
	with MONEY?  Is not the money used for interest payments
        by definition partial monetization -- if not of the debt,
	then of its carrying charge?

	     Is not the real problem, INFLATION -- and how to
	PREVENT it ? (And the potential problem, deflation -- and how
	to prevent it ?)

	     How will Senator Simon fight inflation if we have no
	money to motivate work and production?

	     If we need to reduce expenses in an operating budget is
	not the solution to the problem a TWO BUDGET one:
	          Establish a CAPITAL BUDGET for investments and
	growth.
	          Establish a balanced operating budget for ordinary
	operations.
	          Neither of these require TAMPERING with the
	Constitution.

	     What mischief motivates grown men to risk so much for
	so little?  If Congress ties its own hands, possibly the
	states will refuse to go along:
	     If the sates do go along, and all governments' hands are
	tied, only CHAOS can result when we need more money and government
	claims they haven't go it -- or worse, a minority in government
	denies the MAJORITY its own money.

	     I am shocked at what seems to be going on in the Senate
	of the United States. You have, most of you, gone mad.

		Signed:    John Gelles
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   :  John Gelles                 email  jjgelles@xxxxxxxx          :
   :  5706 Loma Vista Road    home page  http://rain.org/~jjgelles/ :
   :  Ventura, CA 93003       telephone  (805) 642-6675             :
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   :  Senator Simon would rule from the grave -- He's no Jefferson! :
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