It is only fair and right to pay the debt we have incurred so our children and grandchildren are not stuck with our bills. When politicians and bureaucrats speak about “raising the debt ceiling,” they are telling us they want to borrow more money. Money they won’t ever pay back. That is wrong. Continually increasing the debt of the United States puts an undue and unfair burden on future generations of Americans. The only reasonable response is to just say no. It is unfair and unjust to burden our children with a national debt we have run up paying for an unsustainable life style.
The current U.S. national debt is about $18 trillion. That means every single American citizen’s share of the national debt is about $60,000. This year the federal government will borrow 40 cents of every dollar it spends. The yearly budget deficit continues to exceed $1 trillion. The country’s political “leadership” has not meaningfully reduced spending, regardless of which political party has been in control.
The response to this issue coming from our political “leadership” has been to simply ignore it. They have taken more of your money through taxation but not enough to eliminate the deficit. They have raised the debt ceiling so they don’t have to hold themselves accountable to spending within our means. They are printing more money instead of cutting back on the runaway spending and reducing the size of the government. The current path is unsustainable. We must reverse the “in place” policies and replace them with policies that help us repair the damage. We must work to create a debt free future so that our children and grandchildren will be able see greater opportunities ahead.
The solution is getting federal spending under control. One simple solution to move toward a debt free future is the Penny Plan. Cutting federal spending by 1 percent every year for the next ten years will cut more than $4.5 trillion from the debt. This means cutting just 1 penny out of every dollar the government spends each year. Requiring the government to spend one percent less next year than it does this year is a good way to get control of federal spending and finally begin reducing the debt. There are other plans available. The point is the do nothing alternative is no longer reasonable. We need some meaningful changes.
The federal government is incapable of meaningful change. It is unresponsive to our needs and desires. To take back our rights as citizens, states and Americans we do have a path forward. To do that; we must pass an application for an article V Convention of States in the NH House and NH Senate this year. This would call for an amending convention. We should seek to address the abuses being perpetrated by the federal government which are: 1. Spending and Debt, 2. Regulatory Excess, 3. Congressional Attacks on State Sovereignty, 4. Federal Takeover of the Decision-Making Process.
If you support a debt free future you might be conservative. If you believe it is only fair and right to pay the debt we have incurred so our children and grandchildren are not stuck with our bills you might be conservative. If you believe the actions of the present affect the possibilities for the future you might be a conservative. Please join me by reaching out to your state representative and senator. Ask them to support the application for a Convention of States. Let's return to what made America great.
Sincerely, Marc Abear Meredith