Frequently Asked Questions Raised and Answered in this Freeman Interview of CFA VP Nick Dranias!
FEE’s director of programs, Richard Lorenc, got to sit down with Nick and talk about his work. This extensive interview raises and answers all of the most frequently asked questions concerning the Compact for a Balanced Budget. * * * If you would like to learn more, visit Compact for America's website. If you would like to support the Compact for a Balanced Budget effort, you can make a tax-deductible donation to the Compact for America Educational Foundation, Inc. to suppo
The Wildman of Libertarian Online Radio Ernest Hancock Interviews Compact for America VP Nick Drania
If you haven't heard Ernie Hancock, you've never really experienced online radio. He created the "love" in the Ron Paul Revolution signs. He proudly propagates libertarianism in its most extreme form. Compact for America does not share his views, but his motives are pure, he occasionally makes sense, and it all makes for great entertainment. Watch and listen as he and Nick Dranias go at each other in a good natured debate over the Compact for a Balanced Budget. The interview
Elegant and Concise: The Compact's Balanced Budget Amendment
Some folks look at the Compact's proposed Balanced Budget Amendment and say that it looks too long for a constitutional amendment. But the truth is that the BBA's length is right in line with that of recent constitutional amendments proposed on the same subject matter. You don't have to take us on faith about that. First, take a look at the Compact's Balanced Budget Amendment, as recited in the portion of the draft congressional resolution activating the Compact for a Balance
Genuine National Security Requires the Compact for a Balanced Budget
National Security is served by the Compact’s Balanced Budget Amendment because fiscal responsibility is essential to national security. The Amendment is designed carefully to avoid any need for any exception, including an express "war exception." It allows for the prudent use of debt, but not the unlimited use of debt. Against that backdrop, an express "war exception" is both unnecessary and counterproductive. First of all, flexibility for borrowed military spending is alread
Guest Post: All I Really Need to Know I Learned on the Phil Donahue Show-How to Reach the Center-Lef
Editors: In order for the Compact for America initiative to succeed, Center-Right supporters need to reach out and persuade the Center-Left. There is no other choice if we are going to succeed in 38 states. This post by Loretta Hunnicutt, founder of the Arizona Daily Independent, provides a crucially important perspective on that process. * * * I know it is a bit sophomoric to Hayek readers, but it is important to realize that even well-educated, marginally bright people, who
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
A Compact for America to Rein In Government by Ilya Shapiro, J.D. (originally published by the Cato
By trading the possibility of new tax revenues for a constitutional debt limit and pro-growth structural tax reform, the Compact for a Balanced Budget could permanently and structurally bridge future fiscal cliffs with a principled compromise that’s been poll-tested to get at least 38 states on board. The Compact's Balanced Budget Amendment, in addition to fiscal soundness, allows for great flexibility when necessary: If a majority of state legislatures can be convinced that
Take a Shot at the Compact's Balanced Budget Amendment!
With the input and peer review of numerous statesmen, legal, historical and fiscal experts, we at Compact for America believe that the Compact for a Balanced Budget advances the most transparent, non-gameable, non-partisan, plausible and powerful federal Balanced Budget Amendment ever yet proposed. We think there is no doubt that it will vastly enhance fiscal responsibility at the federal level compared to the status quo of unlimited borrowing capacity. Yes, that is quite a c
Senator Obama Was Right.
On March 16, 2006, U.S. Senator Barack Obama opposed lifting the federal statutory debt limit, arguing: "The fact that we are here today to debate raising America's debt limit is a sign of leadership failure. It is a sign that the U.S. Government can't pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government's reckless fiscal policies. Over the past 5 years, our federal debt has increased by $3.5 trill
Fiscal Responsibility Is Not Partisan
Compact for America's proposed Balanced Budget Amendment is carefully designed to reach anyone who believes: The federal government's resources are not unlimited despite the illusion created by limitless borrowing capacity. It is wrong to tax future generations for our current spending and taxing policies. Special interest tax loopholes should be closed before general tax rates are increased. Power needs to be decentralized to the States because the People have more leverage
