** 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 policyBlogroll
Archive for March, 2010
…It Must Be A Constitutional Amendment
. . . It must be a Constitutional Amendment, the voice of the people, and inviolable; it must limit government’s ability to live above its means, and it must limit the size of government relative to the economy. It is unconscionable that our generation would leave a legacy of profligacy and...
Read More A Balanced-Budget Amendment to the Constitution
Opponents of a Balanced-Budget Amendment to the Constitution usually complain that it would not pass muster at the Supreme Court, because most proposals would have the President or the courts step in to balance the budget if the Congress failed---and only Congress has the power of the purse. However, there...
Read More A Limitation On Federal Spending, to 20% of GDP
The federal government should be limited to 20% of the national economy every year.
From the Wall Street Journal, "Time for a Spending Cap With Teeth" by Congressmen Jeb Hensarling and Mike Pence
"Fiscal storm clouds are upon us. In five years, federal spending has skyrocketed to 24.7% from 19.9% of our...
Read More A Pledge of Fiscal Responsibility
For 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 Constituents Calling
"If interest rates are at 10% when the net federal debt hits $10 trillion (roughly two years from now), we will find ourselves paying $1 trillion per year in interest.”
"Interest would vault over medical care to become the largest item in the federal budget. $1 trillion is $8,547 per household,...
Read More