Inflation and the National Debt
The Correlation between the National Debt and the fairytale “The Emperor’s New Clothes”
According to Bing AI, “The moral of the story “The Emperor’s New Clothes” is that people should not be afraid to speak the truth, even if it goes against popular opinion or authority. In the story, everyone pretends to see and admire the emperor’s new clothes because they fear being seen as foolish or going…
Solving the Debt Crisis is a Bipartisan Issue
If our nation’s leaders were truly concerned about “We the People,” there would be more reaching “across the aisle.” All we see are partisan attacks and in-fighting. It’s time to find some common ground. There have been at least two Master Classes featuring opposing political icons who successfully found some common ground – Karl Rove…
Image courtesy of Freepik The Washington Times recently published an Op-ed by The Hon. David M. Walker, former U.S. Comptroller General and Co-Founder and Board Member of the Federal Fiscal Sustainability Foundation. Congress must scrutinize Biden’s $40 billion supplemental funding request When Congress returns to Washington after its summer break, one of its top priorities needs…
Later this month Congress will be debating the debt ceiling (again). As both sides of the aisle try to prevent a government shutdown, the debt clock keeps ticking away with the per person average hovering around $95,000. Many Americans don’t earn that much in a year. The Committee for a Responsible Federal Budget published a…
It’s alarming how the following article written by Steve H. Hanke and Stephen J.K. Walters that appeared in the January 8, 2019, print edition of The Wall Street Journal is as relevant today as it was at the time of publication: “When politicians hide the cost of government, ‘free college’ and ‘Medicare for all’ sound like…
Does Congress need an Intervention?
According to the Webster online dictionary, “intervention” refers to a situation where a group of family or friends confront an individual with an addiction or behavioral problem to encourage them to address the issue. In this case, the issue at hand is Congress’s out-of-control deficit spending. With few exceptions, our elected officials aren’t being good…
Time to wake up and smell the debt
Ian Haworth in his Op-Ed published by “The Washington Examiner” on July 3, 2023 says that “one area should be sparking terror among the populace: debt.” Notable comments in his Op-Ed follow: “And why, as we stare down the barrel of passing the highest level of debt recorded in American history at 106% of GDP…
Other Countries are putting the “brakes” on spending while the U.S. kicks the can down the road.
Germany implemented a fiscal sustainability plan similar to the Swiss Debt Brake in 2009 to reign in excess spending. The German Finance Minister reported on Marcy 7, 2023 that the country “is sticking with it.” Former Magna International CEO Frank Stronach sounded the alarm on Canada’s rising national debt calling it a “ticking timebomb…
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…
The Article V Solution
The Correlation between the National Debt and the fairytale “The Emperor’s New Clothes”
According to Bing AI, “The moral of the story “The Emperor’s New Clothes” is that people should not be afraid to speak the truth, even if it goes against popular opinion or authority. In the story, everyone pretends to see and admire the emperor’s new clothes because they fear being seen as foolish or going…
Congress is bracing itself for another debt-ceiling debate. It’s difficult not to view it as another “kicking the can down the road” exercise. And, as we all know, there are times when the road ends. What do you do then? Federal Fiscal Sustainability Foundation Board Member and Professor Emeritus of Economics at the University of…
Solving the Debt Crisis is a Bipartisan Issue
If our nation’s leaders were truly concerned about “We the People,” there would be more reaching “across the aisle.” All we see are partisan attacks and in-fighting. It’s time to find some common ground. There have been at least two Master Classes featuring opposing political icons who successfully found some common ground – Karl Rove…
Is this the path the U.S. is on? Bankruptcy—Gradually, Then Suddenly?
Today, the Cato Institute published an op-ed by Romina Boccia, Director of Budget and Entitlement Policy, entitled Bankruptcy–Gradually, Then Suddenly. Ms. Boccia believes “U.S. government spending is on a collision course with economic disaster. Legislators need not lift another finger to increase spending any further. The U.S. federal budget is on a Titanic‐esque voyage that…
Does Congress need an Intervention?
According to the Webster online dictionary, “intervention” refers to a situation where a group of family or friends confront an individual with an addiction or behavioral problem to encourage them to address the issue. In this case, the issue at hand is Congress’s out-of-control deficit spending. With few exceptions, our elected officials aren’t being good…
Republican candidates take to the stage to make their pitch to the American public as to whom “we the people” should place our confidence. The Federal debt is a problem. The Committee for a Responsible Budget published what it calls “Principles for a Fiscally Responsible Campaign.” An excerpt follows: Make Deficit Reduction a Top Priority…
The current administration led by Biden is downplaying the recent decision made by Fitch to downgrade the credit rating of the United States. Despite their claims of success in the Bidenomics approach, the prices of groceries and gasoline have not significantly dropped even though inflation has stalled its upward trend. The country’s existing debt problem,…
Time to wake up and smell the debt
Ian Haworth in his Op-Ed published by “The Washington Examiner” on July 3, 2023 says that “one area should be sparking terror among the populace: debt.” Notable comments in his Op-Ed follow: “And why, as we stare down the barrel of passing the highest level of debt recorded in American history at 106% of GDP…
The 4th of July commemorates the signing of the Declaration of Independence. This country has been through a lot since that fateful day – Civil War, World Wars, 9-11, etc. And, over the years, we found a way to come together despite our differences. But right now, we’ve “lost that loving feeling” as penned by…
Other Countries are putting the “brakes” on spending while the U.S. kicks the can down the road.
Germany implemented a fiscal sustainability plan similar to the Swiss Debt Brake in 2009 to reign in excess spending. The German Finance Minister reported on Marcy 7, 2023 that the country “is sticking with it.” Former Magna International CEO Frank Stronach sounded the alarm on Canada’s rising national debt calling it a “ticking timebomb…
Press Releases
Advocates Applaud House Concurrent Resolution Calling for an Article V Inflation-Fighting Fiscal Responsibility Amendment Proposing Convention
July 20, 2022 GMT–News Direct– The Let US Vote for a Balanced Budget Amendment Citizen’s Campaign, Inc., a coalition of nonpartisan advocates concerned about the impacts of inflation and out-of-control national debt applauded the introduction of House Concurrent Resolution 101 calling for an Article V Convention of States to propose Amendments to the United States Constitution and…
Stop Inflating U.S. ‘Super George’ Campaign Launched by Fiscal Responsibility Amendment Advocates
A coalition of nonpartisan advocates concerned about the impacts of inflation and out-of-control national debt are encouraging state legislators from around the country to support a state-drafted, voter-approved, inflation-fighting, fiscal responsibility amendment to the Constitution. At an event this week, state legislators are being urged to advocate for the recently introduced House Concurrent Resolution 101 which calls for…
“Stop Inflation” Campaign Launched by Fiscal Responsibility Advocates
QR Code Connecting Voters to Elected Officials A coalition of nonpartisan advocates concerned about the impacts of inflation and out-of-control national debt recently launched a national “Stop Inflation” campaign. The effort supported in part by the Let US Vote for a Balanced Budget Amendment Citizen’s Campaign, Inc. is seeking to connect concerned citizens with elected…
Campaign Launched by Fiscal Responsibility Advocates Connecting Voters to Elected Officials The Let US Vote for a Balanced Budget Amendment Citizen’s Campaign, Inc., a coalition of nonpartisan advocates concerned about the impacts of inflation and out-of-control national debt announced that nearly two dozen federal legislators and candidates signed a pledge committing to give citizens a…
Nevada Called for a Balanced Budget Amendment Convention 43 Years Ago But “Congress Ignored Its Duty”
Article V Mandates Congress Call a Convention for Proposing Amendments on the Application of Two-Thirds of the States Today marks the 43rd anniversary of Nevada’s Article V Application for a Balanced Budget Amendment Convention. The application was published in the Congressional Record on February 8, 1979, fulfilling the Constitution’s requisite 34 state applications to mandate…