Document:Libertarian Party Radical Caucus Platform 2016: Difference between revisions

Document:Libertarian Party Radical Caucus Platform 2016 (view source)

Revision as of 22:06, 14 February 2016

481 bytes added , 14 February 2016

→‎5. Government Debt

CarynAnnHarlos

Bureaucrats, Administrators

56,001

edits

@@ Line 397: / Line 397: @@
 ===5. Government Debt===
-[PENDING-ASSIGNED]
+[APPROVED-FINAL]
-We support the drive for a constitutional amendment requiring the national government to balance its budget, and also support similar amendments to require balanced state budgets. To be effective, a balanced budget amendment should provide:
+No person can rightly enter into a contract on behalf of another person without their consent. When governments accrue debt, they are in essence entering into debt on behalf of their constituents and the children of their constituents. We therefore call upon both houses of the US Congress to promptly pass, and call upon the state legislatures to ratify, a constitutional amendment repealing section 4 of the 14th amendment, prohibiting future indebtedness and deficit spending on the part of the federal government, and repudiating all federal government debt and debt service obligations accrued prior to the ratification of said amendment.
-a. that neither Congress nor the President be permitted to override this requirement;
+Until the national debt is repudiated, the federal government should have a balanced budget. To be effective, a balanced budget should provide:
+a. that the budget is balanced exclusively by cutting expenditures, and not by raising taxes;
+b. that all spending is included in the budget;
+c. that neither the Legislative nor the Executive be permitted to override this requirement; and
+d. that no exception be made for periods of national emergency.
-b. that all off-budget items are included in the budget;
+Governments facing fiscal crises should always default on their debt obligations in preference to raising taxes. At minimum, the level of government should be frozen. Additionally, the Federal Reserve should be forbidden to acquire any additional government securities, thereby helping to eliminate the inflationary aspect of the deficit
-c. that the budget is balanced exclusively by cutting expenditures, and not by raising taxes; and
-d. that no exception be made for periods of national emergency.
-The Federal Reserve should be forbidden to acquire any additional government securities, thereby helping to eliminate the inflationary aspect of the deficit. Governments facing fiscal crises should always default in preference to raising taxes. At a minimum, the level of government should be frozen.
-COMMITTEE NOTES: Failure to pass a budget results in automatic repeal of previous budget.
 ===6. Monopolies===