Bill Singer Calls for Economic Plebiscite

August 8, 2011

Wow - I've gotten quite a favorable response to my call for a National Economic Referendum, which would require the submission to the American voters of multiple proposals for resolving our debt crisis and promulgating a more fiscally responsible economic plan.

Economic Plebiscite

As more fully detailed in my earlier commentaries, following a primary in which the electorate would designate the two favored proposals through the two largest votes, Congress would then be given a period of time, say 90 days, to promulgate its own bicameral, super-majority legislation.  If Congress can agree via super-majority on a comprehensive, cohesive plan, then that would be added to the run-off referendum alongside the two primary winners. If not, the public will choose between the two remaining proposals.

Why do I advocate this economic plebiscite? For one thing, I have lost confidence in the integrity of our Congress to do the right thing and to do so on a timely basis.  For another, I think we need to draw another Travis line in the sand of American politics and make a decision as a people to enthusiastically debate the future economic policies for the United States, but, after we've had our say and our vote, we then stand together and do all in our power to make the winning plan succeed.  I believe that giving each citizen a vested interest in the outcome, by providing a robust debate and then a ballot, will provide the winning plan with more moral and political legitimacy than the self-dealing and back-stabbing ways of Congress.

Anyone interested in fleshing out or augmenting this idea, feel free to add your thoughts via the Comments section at the end of my Forbes' Street Sweeper blog.

Handicap the Next Presidential Election

Separately, I've received a number of emails complaining about the lack of serious candidates for the upcoming Presidential election.  There's a strong indication that many former supporters of Obama are not eager to re-elect him, which raises the question of whether the polls may ultimately persuade him that he is not electable in 2012 or will persuade others in the Democratic Party to contest his re-nomination during the primaries.

So, here's an interesting thought piece. Let's posit that we would like to see four candidates (a fifth name would be an anti-incumbent in a Democratic Party primary) in the 2012 Presidential Election, and that we would like to see stark enough contrasts so that the American voters will have clear choices for the future direction of our nation.

Let me start the bidding and the game.  However, just to make sure that I don't get flooded with misunderstanding emails, please understand that I am NOT advocating the election of any of the noted candidates, nor am I espousing support for them.  I merely suggesting that the political panorama of the proposed candidates would give us a clear choice among competing ideologies and proposals. 

  • Democratic Party: Barack Obama
  • Anti-incumbent candidate for the Democratic Party: Hillary Clinton
  • Republican Party: Mitt Romney
  • Tea Party: Michelle Bachmann
  • National Reconciliation Party: Michael Bloomberg

Please, add your thoughts and suggestions via the Comments section at the end of my Forbes' Street Sweeper blog.