Hello TIA Supporter,
I can't miss the opportunity to weigh in on yet ANOTHER possible government shutdown. I assume you are as interested and annoyed as I am about the topic.
However, I'm not going to beat the negativity drum and show you the numbers from our reports, which clearly show things are not going well.
You’re intelligent and already know all of this.
I want to talk about solutions.
What has to happen to address the underlying issues?
What rules and procedures must be codified and modernized to force the government to be transparent, accountable, and fiscally responsible?
And since Congress is acting like two teenage boys fighting over a remote control while their House is on fire [no pun intended] from a cigarette they stole from their dad, it must be up to us, We, the People, to be the firefighters.
When we release our annual Financial State of the Union report in April, we will discuss our findings with Former U.S. Comptroller David M. Walker. And, like us, he has been sounding this debt alarm for quite some time.
In fact, in November 2023, he made significant strides toward the realization of Congress passing his Fiscal Stability Act.
Did you even know about it? Did you hear about it in the news? Neither did I.
Here's the story: in November 2023, Mitt Romney and Joe Manchin introduced the Fiscal Stability Act. According to the press release on Senator Romney's website, it was a "bipartisan solution to strengthen America's fiscal health and stabilize our nation's finances for future generations. The legislation would create a bicameral fiscal commission tasked with finding legislative solutions to stabilize and decrease our national debt, which now exceeds $33.6 trillion—more than double what it was just 10 years ago. Cosponsors of the Fiscal Stability Act include Senators Todd Young (R-IN), Kyrsten Sinema (I-AZ), Cynthia Lummis (R-WY), John Hickenlooper (D-CO), John Cornyn (R-TX), Mark Warner (D-VA), Thom Tillis (R-NC), and Jeanne Shaheen (D-NH). The legislation is the companion to the House's bipartisan Fiscal Commission Act, which was introduced by Representatives Bill Huizenga (R-MI) and Scott Peters (D-CA)."
Here is a screenshot of where the Act is currently.
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Use this page to give feedback on the bill.
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Interestingly, I couldn’t find any mention of this Act on CNBC or Fox News. But it's listed on the elected official's websites like a trophy of hard work for the people.
A simple method is to stay connected with Mr. Walker and TIA through social media and email. With your continued support, we can leverage our network and connections to educate and motivate more people to build a momentum of citizen pressure for the good of our country.
As Professor Jacob Soll said at our Financial State of the States webinar, "It's up to us."
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Here is my final word on the government shutdown: ultimately, it incurs higher long-term costs because of the rules in place (maybe those rules need to be reconsidered.)
And truthfully, only when our voice is heard will the entire matter become relevant.
Join us in urging and advocating for elevated standards from our elected officials; as responsible citizens, we must keep them informed! Please donate today.
In Truth,
Sheila
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