Fiscal Responsibility

Reduce and End Deficit Spending:

The Federal Government should reduce, with the intention of ending, the ongoing cycle of deficit spending and commit to a practice of accountability without loopholes, for the benefit of all people of the United States. Reform Party founder, Ross Perot, identified the already building trend of having the US Treasury issue bonds with proceeds to fund current government operations. Our goal is to end the practice of borrowing against future tax revenues without a clear plan to settle this debt.

Although not a typical year, in the fiscal year 2021 the federal government collected $4.05 trillion and spent $6.82 trillion, resulting in a one-year deficit of $2.77 trillion. The total national debt was $28.43 trillion at the end of fiscal year 2021. [1]

The Reform Party promotes careful budgeting, spending control, and a focus on programs that support, improve, and promote the general welfare of communities.

To promote accountability, the Reform Party supports the mission of the Government Accounting Office (GAO) and Congressional Budget Office (CBO) and similar State and local agencies to provide financial audits and reviews that evaluate department and program results against planned outcomes.

Department and program functions should be monitored for adherence to mission and for overlapping mission scopes. Each department should be established with the intention to keep responsibilities and the use of resources transparent.

The Reform Party calls for a Constitutional amendment that constrains deficit spending. It is necessary to enforce fiscal discipline with consequences that have an impact on every legislative district. The amendment we favor would allow for Congress to declare an emergency before penalties become effective. A national emergency declaration will also delay budgetary penalties. A plan to return to fiscal discipline must be enacted when the emergency declaration expires.

References:
1. Source: USAspending.gov

Get To Know The Reform Party

Go through some of our more popular pages to learn more about the Reform Party, or use our menu to find the topics that interest you.

Read the Latest Articles from Our Blog

Here are three recent blog posts from the Reform Party.

15 May 2022 By NHensley in Uncategorized

Reform Party Seeks to Fill National, State Vacancies

The Reform Party has been able to reorganize and get these committees functional, however the committees are not fully staffed.
14 June 2024 By Nicholas Hensley in Latest Updates

The Reform Party of North Carolina Endorsed Shelane Etchison for North Carolina’s 9th Congressional District. 

For Immediate Release – The Reform Party of North Carolina has endorsed Shelane Etchison for North Carolina’s 9th Congressional District.  Shelane Etchison joined the US Army after 9/11, where she was deployed to Iraq as a military police platoon leader. After her deployment, she moved to Fort Bragg and was selected for a special operations
07 June 2024 By Nicholas Hensley in Latest Updates

Reform Party Regains Florida Ballot Access

For Immediate Release – The Reform Party of the United States has regained ballot access in Florida. As a qualified national party, with an advisory opinion from the Federal Elections Commission, the Reform Party does not have to petition for presidential ballot access in the state. With the party recognized by the Florida Board of
TOP