Fairness for our children and grandchildren
We should reduce our national debt.
Our nation is in debt because our privatized Federal Reserve monetary system only creates and issues money as debt through loans. The government must constantly borrow more money due to the shortfall in tax revenue, thus steadily increasing the national debt.
Our national debt has grown by trillions of dollars to finance tax cuts for America’s wealthiest citizens, war, corporate welfare and bailouts of Wall Street and the automotive industry. The burden of the increasing annual interest payments on the debt falls disproportionately on working people and the small business community. It is not sustainable.
- Reduce our national debt by increasing taxes on large corporations and polluters, eliminating loopholes for the super-rich and decreasing expenditures in some areas, especially for war, armaments and corporate welfare.
Source: Green Party