TREASURY

Federal Budget:

America is being bankrupted by a bloated federal bureaucracy that now squanders more of our tax dollars than at any point in our nation's history. We are an over-regulated, over-taxed, and over-governed society. The U.S. Nationalist Party advocates a return to Constitutional compliance in the size, scope, and authority of the Federal government in the budgetary process by returning to full compliance with the Tenth Amendment.

The U.S. Nationalist Party supports the following changes in budgetary policy:

  1. Pass a Balanced Budget Amendment

  2. The overall budget of each department of government, as well as each line item of the Federal budget shall be prioritized such that if unexpected costs arise, or revenue does not meet projections, there will be orderly retrenchment, thus preventing deficit spending.

  3. Pay down the Federal Debt as quickly as possible, consistent with honoring Federal commitments made to bondholders, until the principal balance is zero and American taxpayers no longer have to pay interest on the debt.

  4. Budget surpluses shall be applied in the following order of priority:

    a. Eliminating the Federal debt;

    b. Improvement of defensive military capabilities;

    c. Funding tax reductions.

    d. In no event shall budget surpluses be used to expand existing Federal entitlement programs or to create new ones.

  5. All Federal programs shall include in their enabling legislation

    a. Cost estimates;

    b. A mechanism for tracking actual costs;

    c. Provisions for the orderly scaling back of the program if costs exceed estimates;

    d. A clear statement of a quantifiable expected benefit which is expected to accrue to the taxpayers from the program;

    e. A mechanism for measuring the benefit attainment actually realized. The executive branch shall be charged with publishing an annual report detailing the actual cost and attainment statistics for all programs. Any program that fails to deliver at least 75% of its stated benefit shall become null and void after two consecutive years of non-attainment.

  6. Review existing government programs every 5 years for cost effectiveness. Programs that are not cost effectively accomplishing their initial goals will be eliminated.

  7. Remove all trust fund balances from the budget deficit calculations, so that the true size of the federal deficit is made clear to the American people. Report all trust fund balances according to the same generally accepted accounting practices that businesses must comply with.

  8. Every Department of the Government shall be audited annually.

  9. As a sovereign Republic and a self-governing nation we call for the reestablishment of a United States Treasury Bank. Therefore, as provided for in their original charter, the privately owned Federal Reserve Banks shall be purchased by the United States government and United States Treasury Notes shall be reinstated, replacing Federal Reserve Notes as the official currency of the United States of America. In addition, all people associated or employed under the "Federal Reserve" shall not be permitted access or employment of ANY form to a new U.S. Treasury Bank. In compliance with this order, the director of a new U.S. Treasury Bank must be elected every 2 years and shall only serve 4 years total.

  10. As long as the United States has a national debt, a trade deficit, or unfunded long-term commitments to Social Security, it violates the fiduciary responsibility of the Federal government to our own people to make any loan or grant to any foreign entity. Therefore, the Federal government shall make no further loans or grants to foreign entities from taxpayer funds.

  11. Eliminate funding for the United Nations.

  12. Whereas the Federal government has no Constitutional authority to expend funds for the propagation of ideas, we call on Congress to eliminate funding for the National Endowment of the Arts, the National Endowment of the Humanities, the Corporation for Public Broadcasting, and all similar activities buried within other Federal budget items. Furthermore, we call on Congress to dismantle the Department of Education and return the responsibility of our children's education to state and local control.

  13. End corporate welfare and special interest subsidies.

  14. Whenever possible, services provided by the Federal government shall be supported by user fees. Such user fees shall be used to fund the service provided, and not be used as revenue sources for other programs.