** An American Promise **
● A Balanced-Budget Amendment to the Constitution, with appropriate exceptions for times of war and recession.
● A line-item veto, to give the President a fighting chance to eliminate pork and earmarks.
● A limitation on federal spending, to 20% of GDP.
** About We Elected You **
** Building A Million Dollar Retirement Portfolio **Most of the millionaires in the U.S. are small business owners, and their wealth is tied up in their businesses. They drive used, American-made sedans; they live in modest homes in middle-class neighborhoods. Most of them are first-generation wealthy; they did not inherit their wealth, but earned it the hard way, through adding value in a business, or by saving diligently. Source: "The Millionaire Next Door", by Thomas Stanley and William Danko.
Have Your Say!
- John Lumbard on Problems With a Balanced Budget Amendment?
- Chris Curley on Problems With a Balanced Budget Amendment?
- John Lumbard on How to Fix the Health Care Mess
- Did Government Agencies “Raid” Social Security “Coffers”? « Joejolly’s Weblog on “The Debt The Government Owes Itself For Raiding Social Security”
- John Lumbard on The Antidote
- Gen Y on The Keepers of the Flame
- Chuck Bailey on Amendment Filed. Call Your Congressman!
- Phoebe Addington on Party On!
- FaGaurlwal on Incentives Rule!
- James Schaefer on The ENTIRE Government Runs on Borrowed Money
Topics$1.6 trillion deficit $8.2 trillion $12.8 trillion American Promise Austerity Balanced Budget Amendment balance the budget bipartisan reform cbo compound interest Congressional Budget Office Constitutional Amendment Contract From America debt burden default economy entitlements fair tax system federal budget Federal debt Federal deficit fiscal respnsibility fiscal responsibility Fiscal Sanity government debt Greece growth of government interest rates Judd Gregg limit on federal spending Line-Item Veto national debt net debt Pledge of Fiscal Responsibility political platform Portugal Social Security Spending Cap Spending Limit Amendment Sustainable Government Tax Reform Tea Party Term Limits trillion dollars unsustainable fiscal policy
Archive for February, 2010
“What happened to leaving this country a better place for future generations?” — “Generation Y”, Feb 23, in response to “A Pledge of Fiscal Responsibility“ In recent days other respondents have alerted us to a similar proposal (the “Contract From America”) that is being developed by Tea Party organizers, and it’s likely that...Read More
The press and the public have largely accepted the need to do something about the nation’s growing debt, and that’s very encouraging. But there isn’t much time; we don’t have to actually balance the budget in the next two years, but it’s essential that we prove to the world (the...Read More
(To be taken by candidates for federal office) I pledge that, if elected, I will introduce legislation to establish: A Balanced-budget amendment to the Constitution, with appropriate exceptions for times of war and recession. A line-item veto, to give the President a fighting chance to eliminate pork and earmarks. Term Limits, of any durations...Read More
“Why not take the five ideas from your first post and bundle them together as a political platform? Then ask candidates to pledge to fight for those proposals if they get into office.” — “Massachusetts: Cradle of Revolution”...Read More
The White House recently projected a $1.6 trillion deficit for 2010. The deficit is the amount of money the Congress borrows each year, whenever it spends more than it collects in taxes. This $1.6 trillion is new debt, on top of "the federal debt” that you’ve been hearing about for years, and it’s...Read More
How big is a trillion dollars? A trillion one-dollar bills, stacked one on top of another, would reach 67,866 miles. Forbes says that the richest 400 Americans-Bill Gates, Warren Buffett, Larry Ellison, the Wal-Mart Waltons, Michael Bloomberg, Michael Dell, the guys from Google, and 389 of their peers-are only worth $1.27 trillion....Read More