** 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 **The average return on the U.S. stock market over the past 100 years is 6.6% after inflation. Caveat: history tells us that there is no such thing as an average return for any randomly-selected block of time. So instead, let's be conservative and use a 5% average return. That $1 million retirement fund would be worth only – "only" – $761,000 at age 67. And getting there is relatively painless: $7 per day, increased by 2% per year, from age 19 to 68.
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 policy
political platform Archive
By John Lumbard . "In a June Washington Post/ABC News Survey, only 29% of Americans said that they were inclined to support their House representative in November . . . . . The American people are looking for candidates and parties that champion fiscal discipline, limited government, deficit reduction and a free...Read More
“Why not take the five ideas from your first post and bundle them together as a political platform? Then ask candidates to pledge to fight for those proposals if they get into office.” — “Massachusetts: Cradle of Revolution”...Read More
“To deliver on all the government’s obligations and promises we’d need $175,000 per person right now.” –The Concord Coalition That’s $53 trillion. It includes both the existing debt and the future unfunded cost of entitlements such as Medicare and Social Security. Bashing Bush/Obama might be our national pastime, but it’s the Congress that...Read More