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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Constitutional Amendment Archive
Balanced Budget Amendment Poll
A July poll, conducted by CNN, shows that 74% of Americans are now in favor of a balanced-budget amendment to the Constitution. It wouldn't be surprising to see that the numbers have ticked a bit higher in August, because the debt-ceiling debate revealed that Congress is far from mustering the...
Read More Balanced Budget Amendment Pros and Cons
In recent weeks there has been a debate in the editorial pages of The Wall Street Journal regarding the merits of a balanced-budget amendment, or BBA. First came an opinion piece by Senators DeMint (SC) and Snowe (Maine) in favor of an amendment (so far this year 48 senators have co-sponsored...
Read More Cut, Cap, and Balance, Explained
Budget proposals are coming fast and furious in Washington these days. Most of it is political chatter, but there HAVE been a number of proposals that aspire to responsible government for the long term. Today's top story in that regard is "Cut, Cap, and Balance" which would smooth over some near-term...
Read More Problems With a Balanced Budget Amendment?
In yesterday's Wall Street Journal Senators Snowe and DeMint wrote an opinion piece (subscription req'd) which points out that none of today's budget negotiations offer anything like a long-term cure for the fiscal irresponsibility that has become the norm in Washington, DC. They argue that this goal is best achieved...
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 Term Limits!
By Ralph Lockhart.
Amid all the hoopla about budget cuts, from both sides of the political fence, the media really doesn't do much to explain the entire Federal budget issue. Consider the recent talk about $38 billion in budget cuts. That's a huge number . . . . $38,000,000,000, or 38 thousand millions! But...
Read More Speech On Boston Common
By John Lumbard.
"In the last 75 years there's been a dramatic change in our nation's Congress. Our legislators used to say and believe that they represented the interests of all Americans, and were working to do what what’s best for the nation as a whole. Now they say that...
Read More This Week In Fiscal Irresponsibility
By John Lumbard.
This is shaping up to be a big week for debt and deficits. The U.S. Senate is deep in discussions and negotiations regarding Senate Joint Resolutions 3,4,5, and 10. The President is going to deliver a speech Wednesday afternoon at George Washington University (apparently without TV coverage) that...
Read More The Farmer and the Lottery
By James Schaefer.
The farmer wins the lottery and is being interviewed by a news reporter. "What are you planning to do, now that you've got all this money?" Replies the farmer,"Well, I guess I'll just keep farming 'til the money's gone."
Today farmers enjoy so much taxpayer support that it's fair...
Read More Senator Udall (D – Colorado) Speaks
By John Lumbard.
Republicans are threatening to shut down the government over $100 billion in spending cuts---remember when that was considered big money?---while Democrats try to turn the event to their political advantage. Wouldn't it make more sense to take a stand on principle and a permanent change for the...
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