During last Tuesday’s GOP presidential debate, just about every candidate touted their plan to solve the United States’ debt crisis.
Herman Cain’s now infamous 9-9-9 plan, which includes a 9 percent business flat tax, 9 percent individual flat tax and 9 percent national sales tax, was pilloried by the rest of the Republican candidates. Rick Perry touted his soon-to-be-released economic plan, which apparently will feature a flat tax. Mitt Romney has a 59-point plan.
None of these really addresses the issue of the debt in this country. All candidates skirt around the edges.
All except for one man: Ron Paul.
Last week, Ron Paul released his “plan to restore America,” which would cut $1 trillion in his first year as president, achieving a budget surplus by 2015. Dr. Paul would abolish five cabinet departments ”” Energy, Housing and Urban Development, Commerce, Interior and Education ”” end corporate subsidies, stop foreign aid, end all foreign wars and return most spending to 2006 levels.
As for entitlements, Paul would allow young people to opt-out of Social Security without touching our seniors’ benefits. He would block grant Medicaid to the states, freezing the program’s spending allotment. And he would do all of this while reducing the corporate tax rate to 15 percent and extending the Bush tax cuts.
This is now the standard to which all Republican candidates must compare themselves to.
Paul’s plan doesn’t just set us on the path to fiscal solvency ”” it takes us all the way there.
“Ron Paul’s plan is the only one that seriously addresses the economic and budgetary problems our nation faces,” Paul campaign chairman Jesse Benton said. “It’s the only plan offered by a presidential candidate that actually balances the budget and begins to pay down the debt.”
Even still, it has come under fire for its “draconian” cuts.
“At the scale he’s talking about, it’s unlikely you could have an immediate reduction in government without hurtling the economy into recession,”American Enterprise Institute economic policy director Kevin Hassett said in the Washington Post. And on Meet the Press, host David Gregory had a tough time understanding how the Paul plan would not hurt Americans.
None of these concerns take into account the dire consequences of Americans if immediate action is not taken. If the United States continues to fall deeper and deeper into debt, a recession isn’t merely in our future ”” stagnation or a full-blown depression would be likely.
And, Dr. Paul says, Americans, under his plan, would be just fine.
Comparing his plan to the spending cuts the American government enacted following World War II, Paul said, “the resources aren’t diminished, the resources are put back into the economy and the people spend the money. Now all we do is give them debt. We tax, we borrow and then we inflate, and then we distort the economy and destroy production because the government takes over the economy, and that’s the negative.”
Ron Paul is right. Government intervention into the economy does not help (see Bush, George W. and Obama, Barack).
What our economy needs is a bold plan that will cure it of its ills in the short-term so that it will be healthy in the long-term. What it needs is Ron Paul in the White House.
Emily Morgan • Oct 29, 2011 at 1:28 am
Republicans, especially the conservative wing, have refocused the agenda on spending cuts vs. tax increases which is the proper course of action. This is the attitude is what most Americans relying on cash advance want and is what led to the massive defeat of Obama and the liberal Democrats suffered in the mid-term elections and what is continuing to drive things now. The new fiscal year begins on October 1st, and they will now have to return from summer recess and begin all over again on budget issues. Hopefully, they will get their respective acts together and actually pass a budget this year. They haven’t the last two years and have funded government on ‘continuing resolutions’ which is governmentspeak for “we are a bunch of feckless cowards who can even come up with a budget and refuse to go on the record about it…”
Matt4d • Oct 25, 2011 at 9:20 pm
Paul is not the man for the president, along with everybody else running for president. Lets cut the Dept of Ed and make education even more decentralized. Our education system is horrible for the most part. While our universities our fine, our secondary schools are well behind most of Europe. Every state has a different standard.Do you think that is a good idea? Look a New York for an example. Many kids graduate high school with good grades and still have to take remedial classes in college that teach stuff that we learned in high school. Fresno state has many of those same classes. We should not have high school material in a university. Do you think that eliminating the Dept of ED is such a good idea,
Now to the DOI. The DOI serves an important function among other things they managed federal land this includes national parks. You get rid of this and it fall on the States. The States at this time do not have the money to pay for the functions the DOI preforms. Along with the national Parks, the BLM is part of the DOI. Many ranchers depend BLM leases to run their cattle, which includes many in the foothills of Fresno County. Eliminating does nothing the States would just get the money from the Federal government and thus would still be giving out the same amount of money they were in the first place.
As for the other I don’t care to talk about SS is broken and I do not know much about the others to talk about. Also, giving block grant for medicare would result in the same amount of money since you would have the same amount of people in it.
As you do not talk about him calling himself a libertarian, when he is clearly not, that out of disscussion.
Brock Tatum • Oct 24, 2011 at 11:25 am
Great opinion letter, Tony! Keep up the good work. Joshua4234 is a wet blanket baby…I don’t think he really understands what’s going on
yoikes • Oct 24, 2011 at 5:02 am
“The House Progressive Caucus always comes out with budgets that are balanced.”
Please provide a source for the most recent balanced budget proposal from the House Progressive Caucus.
joshua4234 • Oct 24, 2011 at 12:35 am
Gosh that letter to the editor is such a joke. Sounds like he got his information spoon fed straight from Fox ‘News.’It’s not even worthy of a retort. People like him are never going to do anything except tow the line for the republican establishment and their donors.
And I’m sure you can balance a budget if you slash everything, and if people want that then that’s their choice and they can vote for Paul. Medicare and social security are extremely popular so messing with those gets people worried, rightly or wrongly, and most people like spending as long as it’s things they want. They only hate spending when it’s for the other guy.
And just how disingenuous are you going to be about budget plans? I’ve told you countless number of times and I know you read this. The House Progressive Caucus always comes out with budgets that are balanced. Do I have to link you to something they put out a long time ago? How can I get you to stop ignoring progressives and sticking your fingers in your ears? I guess if I never hear anything about it this week I’ll get my answer that you just don’t care about being objective in the slightest, only here to push your conservative slant.
http://cpc.grijalva.house.gov/index.cfm?sectionid=70