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Monday, July 11, 2011

What would Andy do?

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Suppose that in 1833 Congress had adopted the following:
1. a tax measure that provided for not more than $80 million in revenue,
2. a budget that provided for at least $100 million in expenditures, and
3. a directive that the President not borrow any money.

What would be the proper response by President Andrew Jackson?
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Posted by Unknown at 6:00 AM
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3 comments:

  1. TomJuly 12, 2011 at 6:27 AM

    Old Hickory would probably include Congress in the “Indian Relocation Act” and expand the powers of the President to fill the resulting void.

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  2. UnknownJuly 13, 2011 at 2:44 PM

    So what would one have Obama do if there is more spending than revenue combined with no permission for borrowing?

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  3. TomJuly 14, 2011 at 7:57 AM

    Well, since the premise speaks in absolutes that would be a case of the unstoppable meeting the unmovable. So based on the premise and since O represents only 1 branch of the government, I see no way out.

    The scary part is that the Rs, Ds, and O seem to have created the scenario described in the original question. So if we leave wiggle room for the President to change the scenario we have the issue of whether the question is what should the President do that is best for him, the nation, or both. I am not sure that any scenario other than what is best for the nation will produce a positive outcome, so let’s go with that.

    The biggest problem we (and apparently the rest of the world) have is that entitlements exceed our ability to pay them. What should O (or a generic President) do? Insist on cutting entitlements and increasing revenue. As for entitlements the obvious place to begin cutting would be the entitlement that has passed Congress, but has not yet become part of our national culture.

    I am not suggesting any of this will happen.

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