National Debt & Fiscal Responsibility

Support A Balanced Budget Amendment

Our Position On National Debt & Fiscal Responsibility

Our National Security and economy is directly dependent on our country's fiscal responsibility and solvency.  Governments reckless borrowing and spending with total disregard to the accumulation of debt or its repayment irrefutably threatens not only the stability of our country in the worlds financial markets but every industry, business sector, man, woman and child in this country for generations to come.

In this time of economic and financial crisis, we must be better stewards of this economy and our governments spending and financial stability more than ever before. That is why our first order of business will be to introduce a Balanced Budget Amendment to our Constitution. After all, if you have to live within a budget then you should expect nothing less from your government. Adopting a balanced Budget policy and Amendment will insure fiscal responsibility, so that we do not mortgage our children's future on a mountain of debt. We will begin to immediately pay down the over $15 Trillion Dollar National debt. We will restore fairness and responsibility to our tax code. We will bring balance back to the housing markets, so that people do not have to lose their homes. And we will encourage personal savings free of further taxes, so that our economy remains strong and Americans can live well in their retirements.

We must next reform our tax code. It's thousands of pages long, a monstrosity that high-priced lobbyists and former legislators have rigged with page after page of special interest loopholes, tax shelters and hidden taxation, penalties & fines. We will reform the tax code by lowering the overall tax rates and shifting to one of either a National Sales Tax, flat tax and/or graduated flat tax on business and individuals. In doing so we will eliminate the corporate loopholes and tax havens, save hundreds of millions of dollars in government tax administration costs while putting more money back where it belongs, in the hands of the States, small business, workers and their families. We'll eliminate federal income taxes for millions of retirees, because all seniors deserve to live out their lives with dignity and respect. While we reform our tax code we offer additional tax cuts for middle-class families.

We will ensure that the foreclosure prevention program enacted by Congress is implemented quickly and effectively so that at-risk homeowners can get help and hopefully stay in their homes. We will work to reform bankruptcy laws to restore balance between lender and homeowner rights. We will institute new lending standards and regulations to ensure that loans are affordable and fair, that a national maximum interest usury rate is established, provide adequate remedies to make sure the standards are met, and ensure that borrowers and homeowners have accurate and complete information about their credit loans and mortgage options. We will support affordable rental housing, which is now more critical than ever.

Related Member Comments On This Issue

Obama & Clinton Turning Over America’s Sovereignty to United Nations

by Michael Simone
posted on Thursday, March 29, 2012

Please take the time to read this article from Dick Morris posted on The Hill. Should the plans of the Obama administration come to fruition, America's Sovereignty will be turned over to the United Nations leaving American citizens as subjects of a Global Ruling Body. These actions by Obama are extremely illegal and highly  unconstitutional if not high treason!

Dick Morris: Obama’s sneaky treaties
By Dick Morris - 02/07/12 07:53 PM ET

President Obama and Secretary of State Hillary Clinton are entering negotiations over — or seeking ratification of — five treaties that could radically limit our national sovereignty…

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Populist reality check, Wal-Mart style

by Louise Downing
posted on Friday, September 30, 2011

1. Americans spend $36,000,000 at Wal-Mart Every hour of every day.

2. This works out to $20,928 profit every minute!

3. Wal-Mart will sell more from January 1 to St. Patrick's Day (March 17th) than Target sells all year.

4. Wal-Mart is bigger than Home Depot + Kroger + Target +Sears + Costco + K-Mart combined.

5. Wal-Mart employs 1.6 million people, is the world's largest private employer, and most speak English.

6. Wal-Mart is the largest company in the history of the world.

7. Wal-Mart now sells more food than Kroger and…

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Dear Mr. President, Where’s The Beef?

by Michael Simone
posted on Friday, September 09, 2011

If you listened to President Obama's "Jobs Speech" last night then more than likely you were thinking the same thing as me, Mr. President, WHERE'S THE BEEF!

Once again, Obama's speech was nothing more than pure, old time, campaign rhetoric about a job plan bill we should all vote for without any substance or idea of how the plan will work, be funded or just who will actually be paying for it.  Obama and his advisors are making the huge mistake of trying to fix a 2011 economic problem with a 1930 economic solution that history proved didn't…

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Warren Buffett on solving the Country’s Budget Problems

by Don Torgersen
posted on Wednesday, August 17, 2011

Midwestern tycoon Warren Buffett, pictured here adorably eating a parfait, presented his quick and easy solution to America’s debt problem today on CNBC:

“I could end the deficit in five minutes.

 You just pass a law that says that anytime there is a deficit of more than three percent of GDP all sitting members of congress are ineligible for reelection.

Finally He makes some sense!!!

Warren, while you're interested in helping the Country why don't you put your money where your mouth is and…

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Standard and Poor’s crippling of the world

by Louise Downing
posted on Saturday, August 06, 2011

Standard and Poor is the giant monster that is crippling the world ,one industrial country at a time.

How many countries have to drop down to depression status  before  S&P says we will downgrade you because you are living way too much beyond your means. It is so obvious to me that the politicians' all over the world had something to do with it and it just doesn't smell right

Where was S&P when the banking conglomerates on wall street again pulled that 1929 PONZI game?

So now S&P dropped our ratting down a notch so…

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