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. Subscribe to Posts [Atom]
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.> detail, links and comments >>
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