** 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
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Archive for March, 2011
Please Send In $143,000. Per Family Member.
By John Lumbard.
A recent cover of Bloomberg BusinessWeek asked; "Would you invest in a company that lost $2 trillion last year and has a net worth of negative $44 trillion?" There were lots of online responses from bloggers and rebutters, some of whom pointed out that we will eventually walk away...
Read More The Milton Friedman Moment
By James Schaefer
"There's no such thing as a free lunch." Fifty years ago most Americans believed those words, and they were used by Milton Friedman in a 1975 book of that title.
Jenny Fisher-Sullivan elaborated in the Wall Street Journal (March 3, 2011):
The Fed works for our bankrupt federal government and...
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