Submitted on Sunday 7th August 2011
Rejected on Wednesday 21st June 2017
Current status: Rejected
Rejection code: duplicate (see below for details)
Control of the United Kingdom budget and national debt
The parliament must ensure that strict laws and regulations control income, ordinary and extraordinary expenses along economic cycles so that the national debt does not grow but decrease. This will protect the budget from political vagaries.
Boom years must make provision for lean years. The ultimate goal is to reduce the national debt level near to zero so that the national income is spent for the good of the nation, not for the benefit of the lenders
This is a moral obligation. We do not have the right to offload our current burden onto future generations.
Few nations have such laws and regulations. Their financial evolution shows the benefit of healthy budgetary diets. Switzerland is one of the good examples.
Ordinary citizens are constrained to such budgetary rules. If they do not behave they suffer the consequences. If the government and parliament do not follow a proper budgetary diet, the nation suffers the consequences. The parliament should protect the nation.
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The Government e-Petitions Team gave the following reason:
There's already a petition about this issue. We cannot accept a new petition when we already have one about a very similar issue.
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