[DEAD] Government Spending Act

[Friday Freshman]

Category: Political Stability
Strength: Mild

RECOGNIZING that in today's global economy, most countries must borrow from other nations to fund their own nation.
REALIZING that many countries find their way into extraordinary amounts of debt to other countries.
WISHING that these national debts can be controlled through debt limits.
DEFINING a NS dollar as a currency that is equal to 0.00077695851 of an ounce of gold which can be converted to $1,287.07 NS dollars per ounce of gold.
MANDATING that:

1. States can only borrow up to $50 billion NS dollars (or the conversion in any nations currency) from another member nation
2. The national debt of a nation must be below a maximum of $20 trillion NS dollars (or the conversion in any nations currency)
3. If a national government exceeds this amount of debt they must shut down programs of their choice until their collective expenses are less than their collective income

HOPING that the World Assembly will be able to control economic depression in the future.

(It's a start, It will need work but I believe it fits within the rules.)

[Defilement]

Define what country's dollars these measurements are in. Canadian, American, something else...?

[Friday Freshman]

Define what country's dollars these measurements are in. Canadian, American, something else...?

Redefined it as American dollars

[Zoetland]

The WA cant regulate nations on their economics in our opinion, hence our opposition to this draft. And what is an "American dollar"?

~WA Ambassador Nicolas Helliot, United Provinces of Zoetland

OOC: NS Dollars would be more appropriate.

[Defilement]

The WA cant regulate nations on their economics in our opinion, hence our opposition to this draft. And what is an "American dollar"?

~WA Ambassador Nicolas Helliot, United Provinces of Zoetland

OOC: NS Dollars would be more appropriate.

USD is the correct form, but I'm an informal guy.
EDIT: And what's the conversion rate between USD and NSD?

[The Akashic Records]

What, if we may ask, would be the category and related issues? We hope that the ambassador does not simply write in hopes of shoehorning this into something that might fit.

[Friday Freshman]

What, if we may ask, would be the category and related issues? We hope that the ambassador does not simply write in hopes of shoehorning this into something that might fit.

I added the category and Strength. I believe the category is political stability.

[The Akashic Records]

The first problem I can see is, how does the debt limit affect intergalactic empires? How does it affect small nations the size of an island? How can the international community deal with this, and why does the international community need to deal with this? I'm just throwing these ideas that people are probably going to ask, in a less pleasant manner, if you will, if you don't get to it quickly.

[Wheeled States of Bifid]

This is a national issue. It's a bit like saying that nations are responsible for making sure that none of their citizens go into debt by imposing limits on how much they can spend.

[Friday Freshman]

The first problem I can see is, how does the debt limit affect intergalactic empires? How does it affect small nations the size of an island? How can the international community deal with this, and why does the international community need to deal with this? I'm just throwing these ideas that people are probably going to ask, in a less pleasant manner, if you will, if you don't get to it quickly.

We need the international community to deal with this because countries going bankrupt or racking up to much debt has the ability to send the global economy into a meltdown. The international community can deal with this by not regulating the amount of debt a nation can rack up. The debt limit affects intergalactic empires and small islands in the same way because regardless of how much money you make you need to regulate spending down to a small amount. About 20 trillion is when it starts to have a huge affect on the economic situation not only in your own but in other countries as well.

[Friday Freshman]

This is a national issue. It's a bit like saying that nations are responsible for making sure that none of their citizens go into debt by imposing limits on how much they can spend.

Yes, but now you are toying with the world economy, not just a small area's production. And nations are notoriously bad at regulating themselves.

[Grays Harbor]

RECOGNIZING that in today's global economy, most countries must borrow from other nations to fund their own nation.
REALIZING that many countries find their way into extraordinary amounts of debt to other countries.
WISHING that these national debts can be controlled through debt limits.

Do you have any evidence of this besides anecdotal fear mongering?

(OOC: NS =/= US)

[Friday Freshman]

RECOGNIZING that in today's global economy, most countries must borrow from other nations to fund their own nation.
REALIZING that many countries find their way into extraordinary amounts of debt to other countries.
WISHING that these national debts can be controlled through debt limits.

Do you have any evidence of this besides anecdotal fear mongering?

(OOC: NS =/= US)

My country has found it's way into quite a bit of debt.

[Zoetland]

This is a national issue. It's a bit like saying that nations are responsible for making sure that none of their citizens go into debt by imposing limits on how much they can spend.

Yes, but now you are toying with the world economy, not just a small area's production. And nations are notoriously bad at regulating themselves.

Proof?

Regardless, we would vote NO.

[Three Weasels]

RECOGNIZING that in today's global economy, most countries must borrow from other nations to fund their own nation.
REALIZING that many countries find their way into extraordinary amounts of debt to other countries.
WISHING that these national debts can be controlled through debt limits.

Do you have any evidence of this besides anecdotal fear mongering?

(OOC: NS =/= US)

My country has found it's way into quite a bit of debt.

And that is OUR problem because...? Why should the members of the WA care about your financial incompetence?

And what are those meaningless arbitrary numbers you're proposing? Did you pull those out of your ass or did your economists decide that those numbers just looked pretty?

[Wheeled States of Bifid]

This is a national issue. It's a bit like saying that nations are responsible for making sure that none of their citizens go into debt by imposing limits on how much they can spend.

Yes, but now you are toying with the world economy, not just a small area's production. And nations are notoriously bad at regulating themselves.

Not all of us.

[Three Weasels]

Yes, but now you are toying with the world economy, not just a small area's production. And nations are notoriously bad at regulating themselves.

Not all of us.

We personally love how one nation's inability to competently govern means every nation is subject to bad governance.

[Wheeled States of Bifid]

I'm not entirely sure but I believe this may run afoul of GAR#68, specifically:

REQUIRES that no commerce be generally restricted by the WA unless:

1. Restricted by prior legislation, or
2. The enterprise causes an extreme hazard to national populations

[Three Weasels]

I'm not entirely sure but I believe this may run afoul of GAR#68, specifically:

REQUIRES that no commerce be generally restricted by the WA unless:

1. Restricted by prior legislation, or
2. The enterprise causes an extreme hazard to national populations

Sadly, we doubt the government qualifies as "commerce". Fortunately no one is buying into this tripe.

[Bears Armed]

OOC
Using the term "NS Dollars" without first establishing a currency of that name within the same [or a previous] resolution would be illegal for Meta-Gaming: As things currently stand that currency exists only in RP within certain other sections of the forums, and the GA can not require people to recognise the existence of anybody's RP in other sections of the forum (or in RMBs, offsite forums, or anywhere else) as canonical.

[Friday Freshman]

OOC
Using the term "NS Dollars" without first establishing a currency of that name within the same [or a previous] resolution would be illegal for Meta-Gaming: As things currently stand that currency exists only in RP within certain other sections of the forums, and the GA can not require people to recognise the existence of anybody's RP in other sections of the forum (or in RMBs, offsite forums, or anywhere else) as canonical.

What would be a hard currency this could be based on.

[Friday Freshman]

Not all of us.

We personally love how one nation's inability to competently govern means every nation is subject to bad governance.

I love how some nation's ability to competently govern means that every nation is subject to good governance.

[Bears Armed]

OOC
Using the term "NS Dollars" without first establishing a currency of that name within the same [or a previous] resolution would be illegal for Meta-Gaming: As things currently stand that currency exists only in RP within certain other sections of the forums, and the GA can not require people to recognise the existence of anybody's RP in other sections of the forum (or in RMBs, offsite forums, or anywhere else) as canonical.

What would be a hard currency this could be based on.

If you try to use any RL currency then that's illegal for the RL reference;
if you try to use any specific NS nation's currency then that's illegal for Branding;
And if you try to make a single specified figure apply to each member nation in that nation's own currency, instead, then people will point out how differences in values between different nations' currencies make that a ridiculous approach.

[Friday Freshman]

My country has found it's way into quite a bit of debt.

And that is OUR problem because...? Why should the members of the WA care about your financial incompetence?

And what are those meaningless arbitrary numbers you're proposing? Did you pull those out of your ass or did your economists decide that those numbers just looked pretty?

He said do you have any other evidence. I cited myself as evidence. I'm positive other countries have the same problem. The WA should care about financial incompetence in countries because this incompetence can lead to a global meltdown.

[Friday Freshman]

What would be a hard currency this could be based on.

If you try to use any RL currency then that's illegal for the RL reference;
if you try to use any specific NS nation's currency then that's illegal for Branding;
And if you try to make a single specified figure apply to each member nation in that nation's own currency, instead, then people will point out how differences in values between different nations' currencies make that a ridiculous approach.

So if I established earlier in the bill a price for the NS dollar it would work