Christian Democrats in the United States

Domestic Issues - National Debt

We are gradually enslaving our descendents toward inevitable tax hikes for debt service, unless we strike a meteor gold rush some day soon. Painful as they may be, we must adopt policies that require us to pay as we go, and have minimum set-asides for payment of interest and principal. History shows that getting our act together results in a stronger economy. We must reign in our out-of-control high-tech military budget without sacrificing basic troop necessities like body armor and armored vehicles. We should also set maximum borrowing caps against the slope of long-term GDP trend under any circumstance, even war, or we will sell ourselves out to foreign creditors at a vulnerable time.

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Tuesday, May 1, 2007 5:45 PM

National Debt

We are gradually enslaving our descendents toward inevitable tax hikes for debt service, unless we strike a meteor gold rush some day soon. Painful as they may be, we must adopt policies that require us to pay as we go, and have minimum set-asides for payment of interest and principal. History shows that getting our act together results in a stronger economy. We must reign in our out-of-control high-tech military budget without sacrificing basic troop necessities like body armor and armored vehicles. We should also set maximum borrowing caps against the slope of long-term GDP trend under any circumstance, even war, or we will sell ourselves out to foreign creditors at a vulnerable time.

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