Yesterday, I presented statistical data that revealed a strong reluctance by most Tea Party supporters (except for the Ron Paul faction) to cut spending in the four, most expensive areas of the federal budget: Defense, Social Security, Medicare, and Medicaid.
Without meaningful cuts in these critical areas, the U.S. will continue to run massive deficits and pile on trillions of dollars of additional debt. Such a profligate fiscal policy leads to higher interest payments on the debt, a lower standard of living for all Americans through inflation, a higher probability of tax increases across the board, and greater reliance upon foreign nations.
But, while the Post-Obama, Sarah Palin-led Tea Party may not yet have a plan to stave off a debt crisis, what about the Coffee Party?
Thus far, the Coffee Party has discussed the need for civil dialogue, bipartisan interaction, and healthcare, Wall St, & immigration reform, but it has been virtually silent on the $1.6 trillion deficits and $13 trillion of national debt.
How would it propose to balance the budget and start paying down the debt? What would its priorities be in a newly revised federal budget? And how would it achieve these objectives?
Coffee Party supporters, please feel free to comment below. CAIVN readers would like to hear your ideas, insights, and solutions.