Our nation is around $14 trillion dollars in debt. Not only is this number incomprehensible, it's not sustainable, and I plan on tackling this issue by proposing a national Balanced Budget Amendment to the US Constitution. The Balanced Budget Amendment would forbid the federal government from spending outside its means and simply putting the debt on the national credit card. The state of Michigan already has a Balanced Budget found in Article V Section 18 of our Constitution. We need to do the same in DC, and make sure we stick by it. Just like many Americans, I want to take the necessary steps to eliminating our debt. However, the first step in this process is to stop out spending our tax revenue. During my time in Lansing I voted against spending increases and tax hikes over 700 times. I will do the same in DC. Every year the federal government outspends the money it receives in taxes and thus increases the federal debt. Basic business principles dictate the obvious problem with this system. Furthermore, the answer to this issue is not to increase taxes and try to generate more revenue for spending. The answer is simply to eliminate spending, and the balanced budget amendment would make it illegal for the federal government to spend outside of its revenue. Of course, safeguards would need to be established so that the federal government could purchase adequately during wars and cases of national emergency. However, any excessive spending outside a national emergency would need to fall within the tax structure. A balanced budget is only the first step toward greater economic success. However, it is a necessary push in the right direction.
American debt, furthermore, becomes an international issue when our nation's creditors begin using the debt we owe them to influence how we act in the world. The United States government needs to be free to defend its borders, and when it is unable to do so because of the heavy and increasing debt levels, the time for real change has come, and that is, fiscal conservative change.