Federal Debt

The Constitutionalist Party supports the passage of a constitutional Amendment that requires the federal government to balance the budget. Such an Amendment should have the following provisions: Neither the Presidency nor Congress can override it; off-budget items are included in the budget; no exceptions may be made except in a time of war in which America has been attacked. It is unreasonable for the federal government to continue to overspend its revenue, and even worse that it seeks to raise taxes to compensate instead of cutting expenditures.

The CP places higher priority on cutting taxes than paying down the debt. The federal debt currently is not impeding access to private loans, and is also not affecting interest rates. The economy will benefit far more at this time from a reduction of the tax burden than by paying down the debt.


Platform | NEW! | Why? | Links | Contact | The Word | Home