U.S. Government Debt as a Mortgage

Today imagine that Congress has a fit of sanity and manages to balance the budget. They do it through a combination of spending cuts and tax increases. The dollar strengthens and there is more money because of interest that is not needed to pay for deficits. Congress’s approval rating soars and they decide to balance […]

A Balanced Budget Amendment Will Cut Federal Deficit Spending

If two more additional states were to petition, then the required two-thirds majority of states would be reached (34 out of 50 states) and Congress would be required to call a convention to propose a Balanced Budget Amendment.