Why Even Keynesians Should Support the Compact: Excerpts from Dr. Sven Larson's Testimony in Support
My name is Sven Larson. I am an economist and a senior fellow with the Wyoming Liberty Group, a think tank in Cheyenne, Wyoming. I am also a member of the Compact for America Advisory Council. I received my BA in economics and philosophy from the University of Stockholm, Sweden and my PhD in Economics from Roskilde University in Denmark. My research is primarily focused on the role of government in the economy and on the effects of fiscal policy and deficits on government
Fix the Debt, Stop the Bailouts
The Balanced Budget Amendment at the heart of the Compact for a Balanced Budget would finally stop the bailouts. This is because the Balanced Budget Amendment makes it politically possible for our Nation to adopt the Iceland approach to a financial collapse. Iceland is the only country that responded to the 2008 collapse by refusing to bail out its banks and financial centers. Initially, this cratered its economy. But little more than one year later, Iceland's economy was r
Eagle Forum concerns instrumental in the development of the Compact for America Initiative by CFA CE
For the past 30 years, the Eagle Forum organization has consistently and effectively argued against the use of Article V of U.S. Constitution by the states to propose amendments. The Eagle Forum objections, as outlined in their publication entitled “Twenty Questions about a Constitutional Convention,” address the vagueries associated with the planning and conduct of the convention, such as how delegates are to be selected, who determines the number of delegates to each state
In My Judgment - Why the Time is Right for Compact for America by Judge Harold R. DeMoss, Jr.
Summary There has been a dramatic decrease in the willingness of the average party official and office holder to recognize that there is some common ground that we ought to try to define and pursue, and to stay away from the extremes that both the right and the left contend are the only solutions we have for the problems that face our nation. There have been time and time again efforts to define a balanced budget amendment that could pass the two-thirds vote of Congress...an
Why Compact for America Fulfills the Founders' Promise by Kevin R.C. Gutzman, Ph.D., J.D.
The standard account of the Virginia Ratification Convention has James Madison carrying the water for the Federalists, who succeeded in winning adoption of the U.S. Constitution by a vote of 88-78. John Marshall, it’s said, stood shoulder-to-shoulder with him. Yet, that’s not right. It seems that the Accepted Version owes more to Madison’s and Marshall’s later eminence than to the actual record. Although Madison certainly did play an important role, his poor health caused
Do YOU Agree with Compact for America's Core Principles?
1. The core strategic principle that differentiates CFA from all other Article V efforts is that it is designed to be the rough equivalent of a ballot measure. It is not a black box dressed up with great intentions; it is meant to be a specific political product with specific policy content. This is why it prepackages as much of the Article V process in as few legislative moving parts as possible. We think this is the most plausible way to approach Article V for a deliverable
