National Debt

National Debt

When individual Americans live beyond their means, they go bankrupt. When our government spends more than it raises in tax revenue, we pass on the debt to the next generation to pay.

The current administration has contributed over $2 trillion to our  national debt, but both parties are guilty for the $22 trillion national debt that my generation will be burdened with. Ultimately, my generation will have to pay off this debt, either by losing our earned benefits like Social Security and Medicare, or by digging a deeper hole for the next generation by borrowing more from foreign lenders, financial institutions and corrupt companies to fund our government.  

This is reckless and unsustainable. To fix this, we need to make large long-term spending cuts and short term investments in economic growth to pay down our national debt. That’s why I’ll vote to:

  1. Eliminate the government fraud, waste and abuse by cutting bureaucracy, modernizing and streamlining government agencies, and eliminate tax subsidies for corporations outsourcing jobs abroad.
  2. Make sure billionaires and multi-national companies like Amazon that pay zero in taxes pay their fair share to the very country that made their success possible.
  3. Repeal the costly $2 trillion tax plan that has mainly (84%) benefited the top 1%, added $1 trillion to our national debt, and unfairly eliminated state and local tax deductions (SALT) for working families who rely on annual tax refunds to get by.
  4. Scaling back the $1.6 trillion in tax loopholes to the $800 billion that existed under Reagan. We can do so by eliminating incentives for US companies that outsource jobs overseas while rewarding those who bring jobs back to our shores.
  5. Use tax revenue freed up by cracking down on unemployment fraud, cutting government waste, and relocating some of existing welfare programs to invest in trade school and vocational training to fill 7 million job vacancies with skilled workers. Adding 7 million workers into our economy will provide billions more in tax revenue to help pay down our national debt.