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 ***
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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balance the budget Archive
Statutory Debt
By James Schaefer.
Corporations, sole proprietorships, unions, and government all share a common mandate to Grow the Franchise.
In the private sector this growth is constrained by the ability to make a profit---while laboring to provide goods or services that have value to others. For them, the cost of money is real,...
Read More Markets will punish government profligacy
By Paul Casto
In this article from Reuters, the head of the European Central Bank predicts that irresponsible governments will have to pay higher interest rates when they borrow. Trichet is warning that other European nations could follow Greece down the slippery slope, but the same applies to the United States. This...
Read More Balance the Budget
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 The Debt, The Deficit, and You
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