Drastically Cut Government Spending and Eliminate Deficit Financing

Economy
1

Policy Goals:

  1. Cap Government Spending at 15% of GDP: Reduce overall government spending to a maximum of 15% of Gross Domestic Product (GDP). This figure comes from evidence showing that economies function more efficiently when government spending is kept at or below this threshold.
  2. Balance the Federal Budget: Prohibit deficit financing by implementing a balanced budget requirement, except in cases of declared war or national emergencies.
  3. Phase Out Non-Essential Programs: Gradually reduce or eliminate spending on programs that do not align with the core functions of government, such as defense, law enforcement, and infrastructure maintenance.
  4. Shift Welfare Programs to the Private Sector: Transition Social Security, Medicare, and other welfare programs toward private, market-based solutions to reduce the long-term fiscal burden.