A modest proposal

The Boston Tea Party rewrites its program every two years, and will do so this October in convention. I'm proposing the following program point (rough draft -- it may change slightly) for adoption at that convention:

The Boston Tea Party supports a constitutional amendment a) repealing section 4 of the 14th amendment; b) prohibiting future indebtedness and deficit spending on the part of the federal government; and c) repudiating all federal government debt and debt service obligations accrued prior to the ratification of said amendment.

I'm normally loath to let Murray N. Rothbard argue a point for me, but in this case he's actually a good place to start.

Critiques, please.