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Public Statements

Issue Position: Deficit Spending

Issue Position

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National Debt and "Quantitative Easing" - There is no financial policy that is more destructive to the health of our economy or threatening to the security of our Nation than the continued reckless expenditures in excess of revenues. When these shortfalls are financed by the citizens of the country, it is a less precarious matter; however when the Federal Government engages in wholesale borrowing from foreign entities and nations it is a far more treacherous affair. The government itself becomes enslaved to the whims and wills of foreign interest - their demand for immediate satisfaction could result in the collapse of our economic structure. In recent years, the Federal Government in concert with the Federal Reserve Banks has engaged in the reckless practice deceptively labeled as "Quantitative Easing". This practice is little more than the printing of paper currency used to pay the obligations of the government without generating or collecting of revenues. This Expansion of the Money Supply inflates the amount of currency in the financial system - reducing the value of all dollar based accounts and immediately results in inflation in the marketplace as more and more dollars chase a fixed quantity of goods. This clever name for the unrestrained printing of paper money reduces the value of our currency -- this destructive practice must end!


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