OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Issue Position: The National Debt

Issue Position

Date: Jan. 1, 2014
Issues: Senior Citizens Entitlements and the Safety Net Health Insurance Government Budget and Spending

Roughly one-third of what the federal government spends is not paid for -- rather it is borrowed with the principal and interest being imposed on the next generation. Interest on borrowed money currently takes up about 6% of the federal government's budget, but it could quickly eat up 20% if the Federal Reserve stops artificially depressing interest rates and the economy recovers. A budget that is balanced over the long-term is a moral and economic imperative. A smaller federal government is the best way to accomplish this. This can be achieved through a smaller military, reform of social security and Medicare programs so that they provide a catastrophic safety-net rather than retirement funding, a free-market approach to healthcare insurance, and a fundamental shift in the mission of government such that the federal government's job is not to solve all of society's problems.


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