Term Limits Archive

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...
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Public Servants And Their Material Non-Public Information

By John H. Haldeman, Jr., CFA   During the 1840s, before Texas was admitted to the Union and before oil was discovered, bonds issued by the territory were deemed speculative, and traded at a large discount.  Embedded in the treaty of annexation was a provision that the United States would assume...
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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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Term Limits

By John Lumbard. To the right of this article you'll see the pledge that we'd like every candidate to take, promising to establish legislation that would guarantee balanced budgets in the future.  We think that this sort of approach---forcing the Congress to do its duty---is necessary, even if the National Commission on...
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The Freshmen 50

The Internet is a big place.  Yesterday Jim Schaefer stumbled upon The Freshmen 50 , which describes itself as an independent political action committe, "unaffiliated with any political party, group, or lobby", whose sole mission is to put "50 new fiscally and legislatively responsible citizens into the House Of Representatives in 2010."  The founder, Brian...
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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...
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A Pledge of Fiscal Responsibility

(To be taken by 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...
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$175,000 per person

“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...
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