Admiral Mike Mullen said the greatest national security threat is our runaway national debt. Let's honor those who fought to keep our Republic by supporting Compact for America and the Navy SEAL Foundation. Join us on December 5th at "A Republic We WILL Keep" at Inde Motorsports Ranch in Willcox, Arizona. We will celebrate the success of the Compact for America team in 2015 and the freedom secured by frontline patriots like the Navy SEALs by hurtling around a private motor sp
This posting is the third in a 7 part series explaining the Balanced Budget Amendment at the heart of the Compact for a Balanced Budget. Previously, we explained that section 1 of the Balanced Budget Amendment ensures that the federal government cannot spend more than cash on hand from taxes, unencumbered revenue sources, and authorized full faith and credit borrowing. Then we discussed how section 2 of the Amendment sets an initial constitutional debt limit that limits autho
Dr. Sven Larson takes Congress to task for yet again proving a statutory debt limit is completely useless. Read why the Debt Doctor says it is time for state intervention. If you agree, please support our ground team deployment in 15 states and DC.
Watch this great testimony on the Compact for a Balanced Budget in the Michigan State House--featuring Jack McHugh of the Mackinac Center for Public Policy, Nick Dranias of Compact for America Educational Foundation, Nathan Makla of Heartland Institute, and Rep. Leon Drolet (ret.). And if you want to support educational efforts like this in your state, please donate! We need to raise at least $700k before the end of the year to deploy in 15 states and DC.
By consolidating everything states do in the amendment process into just one bill and by consolidating everything Congress does into just one resolution, with fewer than two years running, the Compact for a Balanced Budget is already far closer to delivering a ratified Balanced Budget Amendment than even the Reagan-era BBATF effort that’s been running for nearly 40 years! This is why the Compact approach is “Article V 2.0.” If you want to maximize your chances of restoring ou
In this Ricochet.com piece, Council of Scholars member Baker Spring walks Congress through the process of recovering the budget deal's fiscal fumble. It all starts with the most plausible path to a federal Balanced Budget Amendment-H.Con.Res. 26-the resolution needed to activate the Compact for a Balanced Budget. If you agree, consider supporting our campaign to educate 15 states and Washington, DC about how the Compact for America initiative can fix the national debt.
With Congress and the President sailing into limitless debt spending for the next year and a half, Dr. Sven Larson is getting twitchy about the prospects of a return to trillion dollar deficits. Read his thoughts here. If you share the Debt Doctor's concern, please consider supporting our campaign to educate 15 states and DC.
Washington just suspended the debt limit until after the Presidential Elections. What could possibly go wrong? Everything. Washington has borrowed more money than all of the wealth our economy produces in a year. Washington has promised ten times more than that in unfunded entitlement programs and other government spending. What if our creditors step on the brakes and decide not to lend us money without a massive interest rate increase? What if the banks start dumping the pil