Fiscal Suicide

Allowing the US federal government to continue to run deficits and expand the national debt it like carrying a credit card debt that exceeds your annual income.

For the US government, there is nothing more important than balancing the federal budget to run a surplus and reduce the national debt. I would reduce the national debt from $21 trillion to $5 trillion to get the debt close to one year’s revenue.

Interest rates have been made to be historically low, because consumers are broke and governments have borrowed more than they can easily repay. If our economy improves enough to raise interest rates, the US federal government interest costs could climb to $1 trillion a year.

The most fiscally responsible governments maintain low debt. They do this so they don’t default on their debt and to hedge for future disasters. It is not our job to keep the banks fat. Governments squander money.

Norb Leahy, Dunwoody GA Tea Party Leader