The Path to Fiscal Sovereignty

A Detailed Proposal for Debt Retirement, Sovereign Wealth, and Intergenerational Equity

Campaign Briefing: Economic Policy and Fiscal Reform

2028 Presidential Campaign of Martin A. Ginsburg, RN

July 10, 2026

I. The Problem That Grows Whether or Not We Look at It

The national debt is approximately $36 trillion. Annual interest payments on that debt are now one of the largest line items in the federal budget — exceeding spending on many domestic programs. Every dollar spent servicing debt is a dollar not spent on infrastructure, education, healthcare, or national security. And the trajectory is not improving.

We are borrowing from people who have not yet been born. That is not a metaphor. It is a precise description of what deficit spending means: we are consuming resources today and placing the obligation to repay them on generations who had no voice in incurring them. That is a profound ethical problem, not merely a fiscal one.

II. The Structural Proposal

This campaign proposes a three-phase fiscal framework designed to retire the national debt, build a sovereign wealth fund, and reduce the tax burden on future generations as the debt is eliminated.

Phase one: implement the flat tax structure described in preceding briefings, which eliminates corporate income taxes, payroll taxes, and excise taxes, and replaces them with a flat rate on all income above a rising exemption threshold. The revenue base is broader, the rates are visible, and the system is significantly simpler to administer.

Phase two: direct 85 percent of all annual federal surpluses to debt retirement. This is not a recommendation — it is a structural rule, encoded in statute, that removes the political discretion that has consistently allowed surpluses to be spent rather than applied to debt reduction. The remaining 15 percent builds the sovereign wealth fund.

Phase three: as the debt is retired and the sovereign wealth fund generates returns, the flat tax rate is reduced incrementally. The discipline that eliminated the debt produces the dividend: lower tax rates that are sustainable because they are not backed by borrowing.

III. The Intergenerational Obligation

Among many First Nations traditions, decisions are evaluated by their impact on the seventh generation — those who will inherit what we build and what we borrow against. The current federal fiscal framework evaluates decisions by their impact on the next election cycle.

This campaign proposes legislation requiring an Intergenerational Impact Statement for all major fiscal bills — a CBO-scored analysis of the bill's impact on Americans under 30 and on those not yet born, published 72 hours before any final vote. Citizens who will pay the debt should be able to see, before it is incurred, what they are being asked to inherit.

Fiscal sovereignty — the ability of future generations to govern without being constrained by debts they did not choose — is a form of freedom. This administration will treat it as such.

Martin A. Ginsburg, RN

2028 Presidential Campaign of Martin A. Ginsburg, RN