Issue Position: Economic Stability

Issue Position

Our ability to remain an independent superpower depends on our financial freedom as much as our military strength. At $19 trillion dollars and growing, we are out of control and in a state of financial insecurity. Our national debt is now surpassing 105% of our GDP. This is unconscionable, unsustainable and must be stopped.

Fiscal austerity is not just prudent, but at this point, required. Reductions in our government bureaucracy are imperative. Consolidation of departments, elimination of duplicate services and discontinuing outdated and unnecessary commissions and agencies would be a starting point.

Entitlement and benefit programs have expanded from their original responsibilities to become financial liabilities that we cannot continue to subsidize. Social Security is expected to be completely unfunded by 2029 and despite the undeniable mathematics that attest to it, the issue is left unresolved. Seniors and so-to be seniors who are and will be dependent upon their repayments, are in danger of losing everything they have contributed into the system. It must be resolved with a sustainable solution that includes a reoccurring revenue stream for current recipients and provide new entrants into the workforce with retirement and investment options that they control and guarantee a return.

Whether by legislation or self discipline, operating on a balanced budget is required. REAL reductions in spending must be planned for and implemented until we are at a point that we can operate the government's core responsibilities within our means.

As our Congressman, I will work for and support legislation that will

Develop a plan to eliminate our $19 Trillion national debt, just as I help draft the plan that repaid NC's $2,85 billion debt to the federal government 5 years ahead of schedule and now has a $1.1 billion surplus.
Stabilize and enable Social Security solvency through a reform program that included citizen controlled investment options with a guaranteed return.
Require a Balanced Budget each year, just as we have done in North Carolina and like you and I must do.

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