It’s Time For One Big Beautiful Bill…Of Financial Responsibilities^®

John H Ramsey, Harvard MBA
Founder, Managing Member at  LLC
Published May 29, 2025

This article is not about The Big Beautiful Bill we are hearing so much about, the Bill to fully fund the President’s MAGA agenda, the Bill that adds another $3.8 trillion (maybe much more) to our national debt. That adds 10+% more to the $37 trillion already on the books, because our leaders cannot seem to find enough cuts (or maybe guts) elsewhere in the pandemic-level federal budget to pay for it.

We expect that from the political left, enough fiscal irresponsibility to finance a “chicken in every pot”, while sending the invoice forward to our future citizens to pay. It’s been their playbook since Franklin Roosevelt. But now there is a collapse on the right, from the party supposedly of fiscal prudence, now utilizing their majorities in both Houses of Congress and the White House to advance this biggest spending package ever.

Had enough yet? I have. I want to try to help do something about it. I am a retired financial executive and concerned citizen with no commercial products or services to sell. Nor do I seek political office.

For about the past 5 years I have been focusing on specific Constitutional solutions to fix the dangerous fiscal mess in our nation’s federal government, because it is much worse than just our $37 trillion national debt and chronic deficits.

The solution I offer is a four-page package of five Constitutional Amendments that I have written called The (BOFR for short) https://bofrusa.com that will require our Congress to obey specific instructions in taxation, spending, Social Security & Medicare, independent accounting & auditing, and regulations, with built-in penalties for non-compliance. Long overdue, it is written and ready to go. Here are the details: https://bofrusa.com/bill-of-financial-responsibilities/.

The big stumbling block to solving our fiscal mess is that the elected and appointed officials at both the state and federal levels are hopelessly conflicted and cannot or will not act independently of those conflicts. They are motivated to keep the present system in place, even though this system hurts the country.

Partly because of these conflicts, state and citizen-initiated efforts to call an Article V Convention to Propose Amendments have been at work for over 50 years, so far without success.

So that leaves us – We The People – to take direct action. If anything be done it is up to us. If We The People do not speak up and demand it, our leaders will not change their ways.

There are no Constitutional options for American citizens to directly amend our Constitution. So, we need to do the next best thing- conduct a nationwide, sustained, extensive, effective, multi-media messaging campaign that will result in such overwhelming support for effective, comprehensive change that both Congress and the state legislatures will have no choice but to support the recommendation that we ratify the (BOFR).

BOTH existing opportunities for amending our Constitution- submitting amendments proposed by Congress or by an Article V Convention, should be utilized to accomplish this. Hopefully the competition between the two methods to implement the will of the people will spur action by both, and deliver a grand bargain for ratification.

In summary, the message I hope we will collaborate to deliver is that…

• We The People and our businesses send a $5 trillion blank check to the federal government every year, blank because there are no rules in our Constitution about what Congress, the Executive Branch, and the Judiciary may, must, or cannot do with it.
• Future obligations of our federal government for which no funding has been identified now exceed $160 trillion and are increasing.
• Over 70% of our annual federal spending is described as non-discretionary, helping to assure that annual operating deficits will continue to approximate $2 trillion.
• Our federal government’s annual interest expense on the $37 trillion we have borrowed is now $1 trillion, more than spending on DOD and Medicare combined.
• Auctions of our debt are becoming larger, more difficult, and more costly. Annual amounts needed to replace maturing debt and recurring annual deficits for the foreseeable future are now about $10 trillion…that’s each and every year! Meanwhile, some foreign governments are reducing their holdings of our debt, and credit rating agencies are downgrading Uncle Sam’s creditworthiness.
• Our increasingly expensive national political campaigns (almost $16 billion in 2024) failed to even discuss any federal fiscal reform solutions.
• Congress refuses to regulate itself and ignores the laws they pass for the rest of us.
• Elected and appointed government institutions, both the federal and state, are rife with conflicts of interest and systematically quash any federal reform efforts.

Wise forebears warned us that We The People might have to step up when the government we created runs amok, when elected officials can’t, or won’t, fix it. Thomas Jefferson may have said it best “… in questions of power then, let no more be heard of confidence in man, but bind him down from mischief by the chains of the Constitution….

Building citizen support for BOFR will be hard, but urgently necessary. Significant financial resources will be required to underwrite sustained, professional, and multi-media messaging to persuade our busy and too-often indifferent people.

I am seeking individual and institutional donations and affiliations to collaborate to conduct this national messaging campaign on behalf of comprehensive fiscal and regulatory reform of our Constitution to fix our federal government’s fiscal mess, while there is still time. Our website will explain how you can contribute… https://bofrusa.com/make-a-donation/

Difficulty notwithstanding, it is time for a national rehab from the addiction of too many years of fiscal malpractice- to seize this moment, this opportunity to fix this mess once and for all, so Uncle Sam can manage our hard-earned tax money the way it should, according to the highest professional standards, good public policy, and common sense, while we still can.

I need your help. May we please discuss this? Message me on LinkedIn or on our website and let’s start a conversation. https://bofrusa.com

Thank you.