Constitutional Amendment Archive

Term Limits? Again?

By John Lumbard.   It's said that fish and guests begin to stink after 3 days or so.  Apparently the American public now believes, by overwhelming margins (74% of Democrats and 84% of Republicans), that even competent congressmen begin to stink after a while.  Term limits are back in favor, presumably because...
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Greekonomics

By John Lumbard.   Today the Boston Globe printed an article titled Greekonomics (by Thanassis Cambanis, a professor at Columbia), which describes the financial hardship that Greece has reaped as a result of decades of debt accumulation:    "Try to live beyond your means forever, and one day it'll catch up with...
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Great Government and the Roots of Rebellion

By John Lumbard.   USA Today just published an opinion piece arguing that voters are concerned about the power wielded by large corporations;  but unwilling to embrace the federal government as a benevolent regulator.  That distrust is founded in a recognition that our government is larger than all of our 100 largest corporations put together---a fearsome size---and that it has...
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Addressing Government Debt

By James Schaefer. In the space of just a few months, pundits from across the political spectrum have embraced the need to get our fiscal house in order.  Now the debate is about timing, the right ratio of spending cuts and tax increases, and the nature of the very-political process that's...
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Sustainable Government

By James Schaefer.   In a recent Opinion piece in the Wall Street Journal (Tax Aversion Syndrome and Our Deficit Future), Peter G. Peterson writes about Congressional Budget Office projections that show the public debt rising from its current 60% of GDP to 233% in 30 years, and 500% in 50...
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Democrats Favoring a Balanced-Budget Amendment

By John Lumbard.    In March of this year, 41 House Democrats sponsored House Joint Resolution 78, Proposing a balanced budget amendment to the Consititution of the United States.  Sponsor Rep. Bobby Bright (D, AL).  Co-sponsors Jason Altmire (D, Pennsylvania-4), John Barrow (D, GA-12), Robert Berry (D, AR-1), Sanford Bishop (D, GA-2), Dan Boren...
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Facts, Fiction, and Fiscal Responsibility

Today the Boston Globe published an opinion piece which argued that readers are rarely willing to alter their opinions when they are presented with contrary facts.  We offered a comment suggesting that this is very much true of the Medicare debate---not one American in a thousand knows how large the future...
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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,...
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…It Must Be A Constitutional Amendment

. . .  It must be a Constitutional Amendment, the voice of the people, and inviolable; it must limit government’s ability to live above its means, and it must limit the size of government relative to the economy. It is unconscionable that our generation would leave a legacy of profligacy and...
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