| 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.
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