Government Debt
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Status Quo Option: Keep the Existing Plank. For all platform categories
we have the option of doing nothing; that is accepting what the LP already
has.
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The LP Platform Currently Reads
The Issue: The national debt imposes debt upon Americans without their consent, and loads our economy with a fiscal anchor that will burden many future generations. Our escalating national debt is nothing less than theft from our grandchildren.
The Principle: The government should operate on a "pay as you go" basis, and not incur debt.
Solutions: A debt-free government frees up economic resources, allowing for lower taxes, economic growth and lower interest rates.
Transitional Action: Eliminate the national debt using an incremental approach, being careful to avoid social disruption. We support the
passage of a "Balanced Budget Amendment" to the US Constitution that restricts Congress from spending any more than it collected in revenue the previous year.
Eliminate earmarks, pork-barrel spending, and other forms of political corruption.
Congress should sell assets and reduce spending on non-essential functions to pay off the national debt as quickly as possible.
[If you think the current LP position on this subject is acceptable, then
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