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
$1.6 trillion deficit $8.2 trillion $12.8 trillion American Promise Austerity Balanced Budget Amendment balance the budget bipartisan reform cbo compound interest Congressional Budget Office Constitutional Amendment Contract From America debt burden default economy entitlements fair tax system federal budget Federal debt Federal deficit fiscal respnsibility fiscal responsibility Fiscal Sanity government debt Greece growth of government interest rates Judd Gregg limit on federal spending Line-Item Veto national debt net debt Pledge of Fiscal Responsibility political platform Portugal Social Security Spending Cap Spending Limit Amendment Sustainable Government Tax Reform Tea Party Term Limits trillion dollars unsustainable fiscal policyBlogroll
fair tax system Archive
How to Fix the Economy
By John Lumbard.
We have the most ridiculous tax system in the history of the world. Last year Clorox paid taxes at a 39% rate---nearly twice what they’d pay if they moved to Canada---while GE paid nothing. The wealthiest 10% of our citizens pay 70% of all the nation’s taxes, but...
Read More The government is giving away your money…to you
by Michael Smith
I occasionally read an opinion piece and agree with every word of it. Naturally, my first thought is “Wow. This guy must be brilliant—he’s right about everything.” In humbler moments, I’m just glad for the company. Here’s a letter to the editor from one of my intellectual brothers in...
Read More A Pledge of Fiscal Responsibility
For candidates for federal office:
I pledge that, if elected, I will introduce legislation to establish:
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.
Term Limits, of any durations...
Read More