Sunday, September 05, 2010

Issues

  • The debt since Democrats took control in 2006 is up more than 60%.
  • Total debt is approaching $12 Trillion.
  • Interest payments on debt for 2009 exceeded $384 billion (with low aggregate interest rate below 3%). What happens when rates normalize?
  • Obama Administration budget forecast through 2019 will add an additional $14 Trillion in new debt. Total debt to exceed $26 trillion – simply not sustainable.
  • Current debt is nearly 80% of GDP.
  • Is debt bigger threat to you than Terrorism?
  • Must establish spending priorities, cut taxes and slash discretionary spending that increased 80% last year.
  • Our borders are wide open and causing irreparable socio-economic damage to the border states
  • We are a nation of immigrants – new immigrants must be an enhancement to American society and they must be self-sustaining.
  • We must know who is coming into America in order to make sensible threat assessments.
  • Professionals in the intelligence and military communities must be allowed to do their jobs effectively.
  • Reducing our strategic defense capabilities only enhances our vulnerabilty to external threats
  • Alienating our proven allies in the Middle East and Europe provides a catalyst for agression by our enemies 
  • "It's the Economy, Stupid"... The Obama administration has chosen to ignore rapidly rising unemployment. It is not only the amount of job destruction (mostly government policy driven) that is crippling our economy,  it is the lack of job creation by the private sector. The ONLY sector that can restore long term, productive employment is the private sector.
  • Deficits lead to debt. Debt leads to crisis. Look at Greece. We must stop deficit spending and we must pay down the national debt to a sustainable level.  
  • Congress must implement permanent tax cuts across the board. America has the second highest tax on small businesses and corporations in the world. Slashing these rates will return companies, and jobs, to America!
  • Medicare, Social Security, and Medicaid are bankrupt and thoughtful, managable reform must be legislated and enacted  
  • Onerous, burdensome and special interest federal regulation hampers economic growth and forces jobs overseas. The number one reason for jobs being exported to China and India – high taxes and anti-growth federal regulations!
  • Tax policies that will stabilize financial markets over the long term must be enacted
  • Current high Corporate tax rates are a disincentive to job growth and capital formation
  • High taxation on investment gains restrict risk taking and, again, are a disincentive to capital formation 
  • Social Security benefits are taxed up to 85%. Benefits you receive are your contributions being paid back.
  • Estate and Gift  taxation is a true double taxation of income and wealth. Estate and gift taxes are assessed on after-tax accumulation of assets

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