The "Mandate" explains that lawmakers should go further and revamp the entire federal budget process, as a way to cap spending and encourage fiscal restraint. It also calls for a Taxpayer's Bill of Rights, to restrict future spending increases to the inflation rate plus the rate of population growth.
Of course, the major element of building a long-term ownership society is Social Security reform. Mr. Bush has pushed for this since he was governor of Texas. "Mandate" explains how to make it a reality.
We should allow taxpayers to invest a portion of their Social Security tax payments in accounts they would own and control. This approach would let everyone, even those of modest means, build a nest egg for a comfortable retirement.
Plus, the system would be fairer to those who die between 50 and 70. As it stands, many face the prospect of having contributed to Social Security throughout their working lives and getting few or no benefits when they die. If these people had personal retirement accounts, they would at least know they had real wealth to pass on to future generations.
"Mandate" also explains how policymakers can improve welfare programs, revise 2003's patently unaffordable Medicare entitlement and expand affordable health-care coverage -- all critical reforms on the road to reform.
At the same time, this year's edition provides plenty of foreign policy advice. It explains what the federal government must do to effectively protect the homeland, update the military for the 21st century and improve America's image abroad.
Back in 1996 President Bill Clinton announced, "The era of big government is over." Not quite. But, with conservative leadership, it will be soon.
Let's get to work.