** 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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government debt Archive
“The Debt The Government Owes Itself For Raiding Social Security”
By James Schaefer.
Jonathan Weisman wrote cogently in the Wall Street Journal about addressing the budget deficit (Voters Back Tough Steps to Reduce Budget Deficit, Aug 17, 2010 -- subscription required).
He points out that tens of millions of voters are ready to accept tough measures to balance the federal budget, and...
Read More 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...
Read More Peter Treadway: Debt and Deflation . . . or Inflation?
By Peter T Treadway, PhD
Historical Analytics LLC
www.thedismaloptimist.com
“Show me where he sits and I’ll tell you where he stands.”
Old Washington proverb
“As the buyers become less eager and the sellers become more eager an uneasy period of ‘financial distress’ follows… For the economy as a whole, the equivalent is the awareness on...
Read More Doomsayers can shed the silly costume now
by Michael Smith
That the European welfare state amounts to a pyramid scheme—a shrinking work force trying to support a growing population of retirees and welfare recipients—is old news in some political circles, but it’s gotten scant attention from the folks who desperately want America to follow the European model. That’s...
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