Should the government make cuts to public spending in order to reduce the national debt?
Our country is deeply in debt. Previous elected officials have authorized more spending than the country has been able to afford. The over-spending must stop. We support ongoing yearly budgets that result in a surplus of revenue in order to lower the national debt, with the ultimate goal being the creation of a National Sovereign Fund that generates a positive cash flow for the country.
CLICK HERE FOR DETAILS: USDebtClock.org
We agree with the 2012 Constitutional Party Platform:
"Interest on the debt is one of the largest expenses of government, and unless the interest is paid, the debt will continue to grow as interest is added to interest. We must eliminate the debt in the shortest reasonable time by:
• Not spending more than collected revenues;
• Paying interest as it accrues; and
• Making annual reductions in the principal
We could eliminate the debt more rapidly by selling certain lands and other federal assets, including foreign military bases, and applying the proceeds exclusively to debt reduction.
One of the greatest contributors to deficit spending is war. If the country is to eliminate debt, these United States cannot become gratuitously involved in constant wars. Constitutional government, as the founders envisioned it, was not imperial. It was certainly not contemplated that America would police the world at the taxpayers' expense."
"We oppose dishonest accounting practices such as "off-budget items" used to hide unconstitutional spending practices."
"We call for an end to the raiding by the federal government of the Social Security, Railroad Retirement and Medicare funds."
We agree with the 2016 Republican Party Platform:
"Our national debt is a burden on our economy and families. The huge increase in the national debt ... has placed a significant burden on future generations. We must impose firm caps on future debt, accelerate the repayment of the trillions we now owe in order to reaffirm our principles of responsible and limited government, and remove the burdens we are placing on future generations."