** 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 May, 2011
The Solvency of Public Pensions
By James Schaefer
This is a contrarian view. It might be seem like "The Twilight Zone" for someone to suggest that a state employee pension fund could be regarded as a model for fiscal prudence relative to Social Security. Herewith, however, is an observation.
CalPERS is California's massive state employee pension fund....
Read More The Most Predictable Economic Crisis In History
That's what Erskine Bowles, co-chair of the president's National Commission on Fiscal Responsibility, said about our government's ever-so-slowly-developing fiscal calamity in this Senate Budget Committee testimony. The President disavowed the findings of his commission, but it continued on in a scaled-down group of six members (all Senators) called the Gang of...
Read More Dominique Strauss-Kahn
By John Lumbard.
What does the allegedly-amoral head of the International Monetary fund have to do with budget deficits in the U.S.? Ever since the fall of 2008 Americans have been losing trust in their leadership and institutions. The arrest of "DSK" pulls one more pillar out from under the...
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