An Economic Crisis
National Debt is rising unchecked
Congress refuses to restrain itself
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Hear from the Experts
Congressional Candidates and Incumbents Pledge to Co-Sponsor the House Concurrent Resolution (HCR 24) which States:
“As provided in Article V of the Constitution of the United States, and except as provided in paragraph (2), Congress hereby calls a Convention for proposing amendments to the Constitution of the United States for a date and place to be determined on calling the Convention.
“Paragraph (1) does not apply if, prior to the expiration of the 60-day period which begins on the date of the adoption of this concurrent resolution— (A) the House Clerk provides a written report stating there have never been unrescinded and ‘‘continuing’’ applications for a Convention to propose amendments from at least two-thirds (34) of the States on any national issues (plenary) plus the single issue of fiscal responsibility; and (B) the House Clerk includes in the report detailed findings for each State.
“Each proposed amendment at the Convention for proposing amendments called under this section shall be ratified by a vote of We the People in three-quarters (38) of the States via State Convention delegates who shall ‘‘have no ground for reversing the vote of millions of its citizens’’ (Chiafalo v. Washington).”
Does raising the debt ceiling pay off debt?
The government is no different than many regarding the transferring of debt from one source to another source with a higher credit limit to avoid a default, and ultimately spending more money because credit is available. Mick Mulvaney, (former Congressman, Director of the Consumer Financial Protection Bureau, and former acting White House chief of staff…
Why is it so Hard to figure out the Debt Deadline?
Daily we hear “the clock is ticking” and the government will run out of cash to pay its bills — mainly, we are told that it will not be able to pay Social Security and Medicare, etc. Seniors should be planning their finances to avoid shortfalls resulting from a default. What are we to…
Swiss Debt Brake – What is it? Will it work for the U.S.?
There was a recent political cartoon depicting an elephant and a donkey kicking the proverbial can down the road. It seems that every debt ceiling debate results in more national debt, not less. Isn’t it time to take a stand and do something about the debt to save the country and the future of the…
Who Owns the National Debt?
As the debt ceiling debate continues to dominate the news cycle, do you ever wonder who actually owns the national debt? Many believe that foreign governments own a large portion of the U.S. National Debt. It is true that the national debt is owned by a number of foreign countries including Japan (largest foreign debt…