This posting is the second in a 7 email series explaining the Balanced Budget Amendment at the heart of the Compact for a Balanced Budget.
Previously, we explained that section 1 of the model Balanced Budget Amendment ensures that the federal government cannot spend more than cash on hand from ordinary revenue sources and plain vanilla full faith and credit borrowing. The question left from the last email is naturally how much full faith and credit borrowing is available to
This posting is the first in a 7 posting explaining the Balanced Budget Amendment at the heart of the Compact for a Balanced Budget. The goal of this series is to explain each of the 5 substantive sections of the Compact's 629 word Balanced Budget Amendment in light of the 6th definitional section so that you will have perfect clarity on its meaning and policy implications. This is a BBA that is designed to fix the national debt by strongly incentivizing the correct policy ch
Chip DeMoss, Compact for America Educational Foundation CEO, explains the Compact for a Balanced Budget in a nutshell. HAROLD R. (“CHIP”) DeMOSS, III, CPA, CGMA Vice Chairman of the Board and CEO of the Foundation DeMoss holds professional certifications as a Certified Public Accountant and a Chartered Global Management Accountant, and is a long-time member of the American Institute of Certified Public Accountants. He is also a FINRA registered investment banker and is affili
Dr. Kevin Gutzman, historian and Compact for America Educational Foundation Board member, explains what the founders would have thought about a federal Balanced Budget Amendment and the Compact for a Balanced Budget. KEVIN R.C. GUTZMAN, JD, PhD Chairman & Professor of History – Western Connecticut State University Kevin R. C. Gutzman is the New York Times best-selling author of four books on American history and the Constitution. Professor and Chairman of the Department of Hi
Silly claims have been made that the Compact for a Balanced Budget would increase taxes somehow. It would not. And Grover Norquist agrees. Whatever you may think of Grover, it is a safe bet he wouldn't endorse a measure that would increase taxes.
And gives us a fair shake. Check out the most fair and balanced interview by a National Public Radio Host on the issue of a Balanced Budget Amendment ever! It is a short interview of CFAEF President Nick Dranias focusing by Steve Goldstein on KJZZ "Here and Now." Dare we say that the fate of Greece is cutting through partisan divides and changing the discussion for thinking people across the spectrum? #articleveducation #compactforamericacoreprinciples #nonpartisanbalancedbud
Dr. Tom Patterson-Compact for America Board Chairman-explains why the states must unite behind the Compact for a Balanced Budget before it is too late. THOMAS C. PATTERSON, MD Past Chairman – Goldwater Institute Dr. Patterson is the Chairman of the Board. He is also a retired emergency room physician who led a 60+ physician practice serving emergency departments in the greater Phoenix area. It was during this time that he served as the President of the Arizona Chapter of the
Dr. Sven Larson is the resident "Debt Doctor" among our Council of Scholars. He has the unique ability to explain why the Compact for a Balanced Budget just makes good economic sense from just about any perspective. This is the first in a running series of "Debt Doctor" posts linked to Dr. Larson's blog site. In part 1, Dr. Larson underscores the importance of a well-designed Balanced Budget Amendment from an economic perspective that should resonate across the political spec