And you're willing to support it at that point, correct?
Yes
I would like to ask those who are proposing a higher debt ceiling: what is wrong with 110%, and why would a higher rate be better? Governor Tmth and I have both asked this question before and have yet to receive an answer. Could someone please explain this?
I don't like the idea of having limits on debt because you never know when you are going to have to go above that limit in order to stimulate the economy in a time of crisis. Yet I do understand that in essence that this amendment is more so game reform than a piece of economic legislation. Also I am happy with the fact that the legislature can vote to go above the limit if economically necessary. I am just afraid that the 2/3rds support necessary to go over the limit will be there in a time of crisis. I could definitely see legislators in the future that would never agree to running a short term budget deficit in order to stimulate the economy because it goes against their economic philosophy. This could be fatal to our regional economy during a time of crisis. That is is why I would want that limit to be as high as reasonably possible so there would be no worry about having to get that 2/3rds majority in a time of crisis. You would just be able to pass the budget that exceeds up to whatever number we choose. I want the greatest amount of reasonable flexibility possible given to the legislature under this amendment while still preventing crazy unrealistic budgets. Hope that answers your question.
