Fixing Fiscal Policy
Oct 1, 2014
It is my opinion that we must take three major actions to get the U.S. Fiscal Policy on a stable and sustainable path:
1) We must enact The Inform Act (www.theinformact.org) so that the Congress can confidently make financial commitments, using Fiscal Gap Accounting, that are affordable and sustainable based on the U.S. taxpayer's ability to pay.
2) We must adopt GAAP Accounting as our methodology for U.S. Government financial planning and budgeting.
3) We must enact a balanced (GAAP basis) budget amendment to the Constitution. Absent this restriction on the U.S. Government we will continually have deficit and debt creep.
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