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Let's Make the Debt Ceiling Debate Real

Let's Make the Debt Ceiling Debate Real

For the past year or so, there has been no statutory limit on how much the federal government borrows. The debt ceiling was abandoned in the last budget deal. But in the coming weeks, it is scheduled to return—along with the predictable illusion of a debate over whether to lift the ceiling or not. We can fairly predict the debt ceiling debate will boil down to political theater—cynics would call it a kabuki performance—because Washington always lifts the debt ceiling. Of cour

Why We Must Compact for a Balanced Budget Now!

What Would Thomas Jefferson Do Now?

What Would Thomas Jefferson Do Now?

As argued by Compact for America grassroots supporter Barney Brenner in his recent Townhall column, Thomas Jefferson was right when he observed in a letter to a friend: I wish it were possible to obtain a single amendment to our constitution; I would be willing to depend on that alone for the reduction of the administration of our government to the genuine principles of its constitution. I mean an additional article taking from the federal government the power of borrowing. B

FAQ Series Question #1: Does the Compact's Balanced Budget Amendment Fundamentally Change the Consti

FAQ Series Question #1: Does the Compact's Balanced Budget Amendment Fundamentally Change the Consti

Today's blog is the first in a multi-part series that will quickly and directly answer some of the most frequently asked questions we get about the Compact for America initiative. Enjoy! * * * Does the Compact's Balanced Budget Amendment Fundamentally Change the Constitution? No. The Compact's Balanced Budget Amendment restores the Constitution’s fundamental design of establishing a federal government of limited and enumerated powers, which would be directly and actively chec

Frequently Asked Questions Raised and Answered in this Freeman Interview of CFA VP Nick Dranias!

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

This Constitution Day Compact for a Balanced Budget! By Nick Dranias, J.D.

This Constitution Day Compact for a Balanced Budget! By Nick Dranias, J.D.

The Founders meant to establish a federal government of limited and enumerated powers. It was supposed to be an island of power in a sea of liberty. The states, being more responsive to the People and local conditions, were supposed to hold the greater bulk of governing powers. Sadly, on this Constitution Day, we must admit that the Founders’ Constitution is hanging by a thread. Although a deterioration in our culture is a significant cause of its frayed condition, the truth

Financial Collapse or Prosperity: The Choice is Yours! Excerpts from Dr. Byron Schlomach's Testimony

Financial Collapse or Prosperity: The Choice is Yours! Excerpts from Dr. Byron Schlomach's Testimony

My name is Byron Schlomach. I am the Director of the Center for Economic Prosperity at the Goldwater Institute in Phoenix, Arizona. After earning my bachelors and doctorate degrees at Texas A&M University, I entered public policy work at the Texas Legislature and then served as Chief Economist at the Texas Public Policy Foundation before coming to the Goldwater Institute. I have worked in public policy for 20 years. Much of the transparency movement originated with my eff

Had Enough of the Political Class Cash Machine?

Had Enough of the Political Class Cash Machine?

Einstein said the definition of insanity is doing the same thing over again under the same circumstances and expecting different results. For decades, Americans have tried to reform the political class in Washington by replacing one candidate with another or one party’s dominance with that of another. It hasn't stopped the Political Class from abusing their unlimited borrowing capacity and treating future generations like a cash machine for doling out favors, buying votes, an

It Isn't Real and Can't Last

It Isn't Real and Can't Last

Unlimited debt is the fairy dust that creates the illusion of limitless resources. It is the illusion of limitless resources that enables magical thinking about government. Dispel that illusion with a constitutional debt limit that is enforced by folks outside of Washington, and the political class in Washington will have to admit there are no unicats. #unlimiteddebtunlimitedgovernment

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