Hm. My party would have sensibility and pragmatism, without losing sight of fundamental values.
Foreign policy: moderately hawkish
Welfare: defend the status quo, basically.
Social Security: At least partial privatization
Gun Control: tighten it some
Gay marriages: get government out of it
Abortion: right to abortion uptil the time when the fetus can be saved.
Empowerment: what Bullmoose said.
Environment: Excercise more caution, we need to take care of the Earth we live on.
Death penalty: abolish in peace time
Education: Allow voucher schools
Budget deficit: a balanced budget should be the goal, at least in stable times. However, during crises a high deficit is a lot better than many of the alternatives.