This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Our Generation Applauds Introduction Of Term Limits Legislation

ALEXANDRIA, Va., Jan. 24, 2013 /PRNewswire-USNewswire/ -- Today, Our Generation, a nonprofit, nonpartisan free market advocacy group congratulated Senators David Vitter (R-La.) and Pat Toomey (R-Pa.) and the 7 other Republican senators who introduced an amendment to the United States Constitution that would apply term limits to members of Congress.  The measure, would limit House Members to three terms and U.S. Senators to two terms in office. Because enacting term limits requires an amendment to the U.S. Constitution, the legislation would require a two-thirds majority vote approval in the House and Senate, and then three-fourths of the states would need to adopt it.


Term limits stimulate political participation by encouraging competition in elections and also spreading power among more members of a legislative branch. They also create legislative bodies that are more responsive to the needs of their citizens, which fosters an environment where politicians are less concerned with re-election and not beholden to special interests.  A recent Gallup poll showed that the American public strongly supports Congressional term limits, by a 71-21 margin. 

"Now is the time to adopt term limits and restore public trust in our elected officials," said MacMillin Slobodien, Executive Director of Our Generation. "Instilling public trust in government is crucial considering the mismanagement and wasteful spending that has saddled Americans with trillion dollar budget deficits and a $16.4 trillion national debt."

Our Generation applauds the efforts to enact term limits legislation and urges Congress and the states to take swift action on the issue.  News reports indicate that a companion bill is expected to be introduced in the House in the coming weeks. 

Our Generation, is a nonprofit, nonpartisan advocacy organization founded in 2009 to research, educate and promote long-term free market solutions to today's public policy concerns.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs