Reform Party on Budget & Economy

Party Platform

Fiscal responsibility with accountability without loopholes

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.

Source: Reform Party USA website, reformparty.org , Jan 1, 2012

Detailed blueprint to balance the budget

Develop a detailed blueprint to balance the budget.
Eliminate the practice of keeping some programs off-budget.
Pass the Balanced Budget Amendment.
Create an annual financial report in plain language so the American people will know whether or not we are following the plan to balance the budget.
Give the President the Line Item Veto.
Use one accounting system throughout government.

Source: Reform Party USA website, reformparty.org , Jan 1, 2012

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Page last updated: Apr 28, 2013