The Reform Party SUPPORTS fiscal responsibility with accountability.
Fiscal responsibility with accountability means that the Federal Government puts an end to the historical cycle of deficit spending and does so with commitment to “accountability without loopholes” to guarantee responsible budgets. As of 2010, our nation is spending $3.72 Trillion on federal programs and services per year, but we are only taking in $2.165 Trillion in revenue.
We believe that Congress must adjust federal budgets so that we pay for all the federal programs and services that are absolutely required. We need to fundamentally reform the Federal Budget and budget process, review all departments and agencies, eliminate overlapping jurisdiction over services, and base budgetary decisions on cost effectiveness and critical need.