Submitted on Sunday 3rd April 2016
Rejected on Sunday 10th April 2016
Current status: Rejected
Rejection code: no-action (see below for details)
Abolish the national debt.
The national debt is a guarantee of future tax hikes and inflation. It is incurred by MPs overspending, and passed on to future generations to deal with. It is immoral to force debt on our children without their consent. Ban parliament from spending more than they take in revenue. Balance the books.
The British National Debt is 90.6% of GDP now, according to Eurostat. At 100% it is impossible to repay. The national debt does not include the unfunded spending promises which have already been made. And GDP is already a poor measure of true economic activity. The government has no more right to put the British people into debt, than I have the right to max out a credit card in the name of my infant child. We must be ready for the future & not spread so thin that we can't deal with emergencies.
You can't sign this petition because it was rejected. But you can still comment on it here at Repetition.me!
The Government e-Petitions Team gave the following reason:
You could start a petition calling for Parliament to make having a budget deficit illegal, if that is what you would like to happen.
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