** 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 October, 2010
By Dennis Canfield. “… It's time to try something new.” - President Barack Obama, introducing his $3.8 trillion budget for 2011---which proposes that our federal government spend 25 cents of every dollar earned by every American, rich and poor alike. This is new. Before World War II, our government typically spent 10% less...Read More
by Michael Smith. In a letter to the Washington Post this week, I pointed out that the national debt has been a bipartisan project. The only real disagreement between the parties has centered on how to spend borrowed money. The taming of the debt—assuming our politicians don’t wait for a global economic...Read More
It’s Free! Just send a text message** to (“phone number”) 47647 with the message BBA Yes! Your message will be recorded as a “vote” for a balanced-budget amendment, as long as it starts with “BBA”. Only one vote will be registered from each caller, so don’t try to call twice. We’ve only paid for the...Read More
Economist Charles Wheelan writes occasionally for Yahoo Finance, and he's always terrific. In a recent article he suggests that the President extend the current graduated tax structure, with a plan to balance the budget in 3 or 4 years (when the economy is stronger) by cutting spending and adding consumption taxes...Read More
By John Lumbard. Dear Congressman; In high school we all learned that our Congress has the power of the purse. Our legislators have other powers and responsibilities, but their most basic duty is to ably manage the monies that they extract from reluctant and disillusioned taxpayers and voters. They have failed...Read More
by Michael Smith. There’s not much to like about the federal government’s runaway spending and mounting debt, but there is a bright spot in the picture: public awareness. Thanks to bank bailouts, stimulus packages and other forms of conspicuous consumption practiced by Washington since the 2008 financial meltdown, Americans no longer...Read More
Charles Peter Carruthers, a native of Dumfries, Scotland, launched and managed the San Francisco office of Price Waterhouse almost a century ago. He left to his heirs the following "10 Points" of good government and fiscal responsibility: 1. You cannot bring about prosperity by discouraging thrift. 2. You cannot strengthen the weak by...Read More