An Introduction to The Bill of Financial Responsibilities

The Bill of Financial Responsibilities would apply a comprehensive approach to federal financial management through a package of five interrelated proposals, each with its own required actions and sanctions for non compliance. The BOFR would address the reduction of deficits and debt; the simplification and limitation of the federal tax system; the repayment of $3.5 trillion of funds misappropriated from Social Security and Medicare requiring proper investment and safeguarding; the establishment of generally accepted accounting principles and auditing standards overseen by the independent Financial Accounting Foundation; and the requirement that federal regulations be more closely tied to law, with the establishment of impartial, fast track administrative courts to resolve disputes.

BOFR Wins State Legislators' Straw Poll


Presenter John H. Ramsey has been a Senior Business Executive and Management Consultant for over forty years. He is Founder of The Bill of Financial Responsibilities Project, a nationwide initiative of citizens to amend the U.S. Constitution to establish urgently required financial management of our people’s money.


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John H. Ramsey
The Bill of Financial Responsibilities Project

Previously, Mr. Ramsey was a founding shareholder of a global management consulting firm. He served as the firm’s first Chairman and helped guide the organization’s growth to approximately 100 consultants in 21 countries worldwide. The firm continues today, and is active on six continents, thirty years after its founding.

Mr. Ramsey has held various executive positions in finance, including Senior Vice President and CFO of a large food manufacturing company; Executive Vice President and CFO of a diversified financial services company; Senior Vice President for Lending of a major financial institution; Executive Vice President and COO of a multi state mortgage corporation; and Director of a commercial bank.

From 1963 1972, Mr. Ramsey was an officer in the Air Force where he was a project manager in a large defense system acquisition. He also directed a major analysis of return on investment and progress payments for the Defense Department’s Industry Advisory Council. Mr. Ramsey received The Air Force Commendation Medal and the Bronze Star for his service in Vietnam.

John Ramsey earned a Bachelor of Science degree from Tufts University and a Master of Business Administration with Distinction from Harvard Business School.

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Learn About the Debt to GDP Solution

federal government has grown dramatically, promised much more than it has the resources to meet, and needs to restructure.  The trillions of extra spending resulting from the COVID-19 pandemic has made an already unsustainable fiscal situation even worse and that spending has not been subject to adequate oversight.

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The Honorable David M. Walker Immediate Former U.S. Comptroller General

Academy presenter David M. Walker is a nationally and internationally recognized expert in government transformation and fiscal responsibility.  He has over 40 years of executive level experience in the public, private and non profit sectors.  He led three federal agencies, two non profits, and served as Comptroller General of the United States and CEO of the U.S. Government Accountability Office (GAO) form 1998-2008.  He has also served on many non profit boards and advisory committees, including serving as a Public Trustee for Social Security and Medicare, and as a member of the Defense Business Board. 

Mr. Walker is also a writer, speaker, and media commentator. He is the author of four books and has been featured in several nationally syndicated programs and documentaries. Mr. Walker recently completed serving as the Distinguished Visiting Professor (William J. Crowe Chair) at the U.S. Naval Academy where he taught the Economics of National Security.

David Walker is a non practicing CPA. He has a B.S. in Accounting from Jacksonville University, an SMG Certificate from the JFK School of Government at Harvard University, and a Capstone Certificate from the National War College. He also holds four honorary doctorate degrees from American University, Bryant University, Jacksonville University and Lincoln Memorial University.

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Vote “Americans’ Prosperity First” Amendment

Where the Peoples' Income Outgrows the Federal Government's.

David Biddulph
David Biddulph
Co Founder, Vote “Americans’ Prosperity First” Amendment 

Academy co-presenter David Biddulph is a semi retired entrepreneur and citizen activist who has been a leader since 1992 in empowering citizens to vote for state and national amendments. In the1990s, Mr. Biddulph became the volunteer Florida petition drive coordinator for the “Save Our Homes” Amendment. SOH has saved Florida homeowners over $80 billion since voters approved it in 1993.

In 2010, David and his wife Susie founded the Balanced Budget Amendment Task Force to pass on the American Dream to their granddaughters. The BBA Task Force has been instrumental in passing 16 Fiscal Responsibility Article V Applications and 14 “No Runaway Convention” Acts.

Vote Americans Prosperity First Amendment

In 2021, the Biddulph’s launched the Vote “Americans’ Prosperity First” Amendment Campaign with the goal of letting U.S. voters decide whose income should grow faster, the federal government’s income or the peoples’.

According to leading economists, Switzerland’s 85% voter approved “Debt Break” is the most effective fiscal restraint to maximize the peoples’ prosperity without cutting government spending. Since 2003, implementation of the Swiss Debt Brake has resulted in Swiss family per capita income surpassing U.S. family income by $34,000. David and Susie are committed to giving Americans the opportunity to approve a similar amendment to the U.S. Constitution that would prioritize “Americans’ Prosperity First.”

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Dr. Barry W. Poulson
Emeritus Professor of Economics at the University of Colorado

Academy co-presenter Dr. Barry W. Poulson is Emeritus Professor of Economics at the University of Colorado.  He has been a Visiting Professor at several Universities including Universidad Autonomo De Guadalajara, Mexico; University of North Carolina; Cambridge University; Konan University, Kobe, Japan; and Universidad Carlos Tercera, Madrid, Spain.

He is the author of numerous books and articles in the fields of economic development and economic history.  His current research focuses on fiscal policies and fiscal constitutions.

Dr. Poulson has served on the Colorado Tax Commission and as Vice Chair of the State Treasurer's Advisory Group on Constitutional Amendments in Colorado.




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