Wise Government 02

Dear Mr. Washington,

“Much of the strength and efficiency of any Government in procuring and securing happiness to the people, depends, on opinion, on the general opinion of the goodness of the Government, as well as well as of the wisdom and integrity of its Governors.” B. Franklin


The Federal Reserve’s responsibilities are to influence money and credit, ensure soundness of the nation’s banking and financial system and provide financial services. It has obviously and dramatically failed. Instead, the Federal Reserve sets an artificial interest rate causing economic “bubbles,” and creates inflation by continuing to print fiat currency, pieces of paper not backed by gold and silver. The Federal Reserve’s role must be abolished or reduced to that of a clearing house. The National Debt must be responsibly paid off before it bankrupts the nation.

Constitution Party

The federal government has departed from the principle of coin money as defined by the U.S. Constitution and the Mint Act of 1792 and has granted unconstitutional control of the nation's monetary and banking system to the private Federal Reserve System. In order for such reform to be effective, it is necessary that these United States: Return to the money system set forth in the Constitution; Repeal the Federal Reserve Act and reform the current Federal Reserve banks to become clearing houses only; And Prohibit fractional reserve banking. Budget considerations are greatly impacted by the ever rising national debt. Interest on the debt is one of the largest expenses of government, and unless the interest is paid, the debt will continue to grow as interest is added to interest. If we are to get rid of the debt, a time needs to be set within which the debt will be funded, and then pay it off within that period. Whatever the payoff period may be, three things must happen within that time: The annual reductions have to be made without fail; All interest must be paid as it accrues; and The government must not spend more than it takes in during the payoff period.

Democratic Party

(No mention of The Federal Reserve. No plan to pay off the National Debt.) America cannot afford to continue to run up huge deficits. The key is to make the tough choices, in particular enforcing pay-as-you-go budgeting rules. We will maintain fiscal responsibility, so that we do not mortgage our children’s future on a mountain of debt.

Libertarian Party

(No specific mention of The Federal Reserve. No plan to pay off the National Debt.) Government should not incur debt, which burdens future generations without their consent. We support the passage of a "Balanced Budget Amendment" to the U.S. Constitution, provided that the budget is balanced exclusively by cutting expenditures, and not by raising taxes. We favor free-market banking, with unrestricted competition among banks and depository institutions of all types. We support a halt to inflationary monetary policies.

Republican Party

(No mention of The Federal Reserve. No plan to pay off the National Debt.) We favor adoption of the Balanced Budget Amendment to require a balanced federal budget except in time of war.

About Mel Valkner

Mel Valkner CongressMelvin Valkner, CPA is a life-long resident of the Kalamazoo, Michigan area. After serving in the U.S. Army with tours in Vietnam and Germany, he attended Western Michigan University (WMU) graduating with the double majors of political science and philosophy. Returning to WMU for two more years of business and accounting classes he eventually became a CPA and tax professional.

Leaving public accounting he became a healthcare administrator, financial executive in manufacturing, education and service industries, entrepreneur and author. He is a former First Vice-Chairman of the U.S. Taxpayers Party of Michigan (USTPM.org), Michigan's affiliate of the national Constitution Party. He remains Chairman of the Kalamazoo County affiliate.