Declared 2012
Libertarian Presidential Candidate
Former Chair of the Libertarian Party of Texas
Roger Gary
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Gary Position on the Budget
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Roger Gary supports cutting government and balancing the budget.
“That would require one or more of these options: (1) Raising taxes, which would further damage the private sector; (2) Sale of Federal goods or lands [and an attempt to sell a significant amount of land would drive the price lower, negating the effort]; (3) Further borrowing, which would raise interest rates and damage the private sector; or (4) Printing enough currency to cover the shortfall, thus producing absolutely ruinous inflation.” Campaign Website
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Gingrich Position on the Budget
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• Gingrich thinks the United States must quit spending beyond its means.
• He believes that the budget must be balanced.
• Gingrich believes that Congress must stop spending on discretionary items such as entitlement programs.
• He said the country could cut costs in half and reduce the deficit by drastically downsizing the government.
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Declared 2012
Libertarian Presidential Candidate
3-Tour Combat Vet, Philosopher and Law Student
RJ Harris
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Harris Position on the Budget
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Eliminate all unconstitutional spending and federal agencies
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Declared 2012
Libertarian Presidential Candidate
Former Governor of New Mexico
Gary Johnson
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Johnson Position on the Budget
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Johnson has been quoted as saying that the country is ‘essentially bankrupt’ and is ‘on the verge of a financial collapse’, a statement that no one is questioning. He believes that the out of control national debt can only be contained by adopting stringent fiscal policies and getting our troops back home from their expensive excursions in Afghanistan, Iraq and now, Libya.
Massive spending cuts, one of the hallmarks of his governorship of New Mexico, are one of the first steps that need to be taken, along with the decentralization of Medicare and Medicaid to individual state control.
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Miller Position on the Budget
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• Miller will not authorize an increase to the U.S. debt limit (ceiling).
• He will amortize the estimated $16 trillion deficit over 30 years and assign the repayment of this obligation as a mandatory fixture of the Federal budget.
• He will order a full audit of the Federal government.
• He will immediately terminate all bailout and tarp programs and recover our money.
• He will de-fund the Health Care and Education Reconciliation Act of 2010.
• He will privatize and sell off the assetts of Fannie Mae and Freddie Mac, along with the other Departments and agencies that belong in the private sector.
• He will offer all citizens the option to opt-out of Social Security and return their money back to them.
• He will permanently cut Federal wages (except military) to bring parity with the private sector.
• Once these objectives have been completed, Miller can factually balance the budget, even if it requires sacrificing the wants of today for the needs of tomorrow.
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Declared 2012
Democratic Presidential Candidate
Current President of the United States
Barack Obama
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Obama Position on the Budget
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• As the country squirms through recession, President Obama's budget plans to reduce the decades of economic inequality that prevails in the United States. By bringing in a progressive tax code which would involve raising the tax rates for the high income category proportionately and increasing the tax cuts and credits of the middle and low income stratum.
• An overhaul of Health care thereby bringing down private health costs is in the agenda. He signed the American Recovery and Reinvestment Act aimed at creating 3.5 million new jobs, making important infrastructural investments and giving tax reliefs to 95% of working class Americans.
• The President aims for a long term plan for the country concerning clean and renewable energy. By developing alternative sources of power like solar, bio fuels, thermal power etc he plans to lessen imports of foreign oil thus reducing existing deficits.
• By focusing on energy efficiency and conservation, and curbing emissions the country would curb deadly pollution thereby playing an active role in climate change issues.
• Obama recognizes the role of children and youth in shaping the quality of America's future demography and thereby supports reforms like 'No Child Left Behind' and improving education in general right from the kindergarten level, giving essential training and skills to teachers and rewarding them for their good work etc.
• He aims to make college education accessible to all who are competent by expanding Pell Grants and initiating new tax credits.
• Obama chooses to cut down on war costs in Iraq and Afghanistan and proposes to keep aside $250 billion to bail out the US financial industry besides the $700 billion already set aside.
• Before his election, Obama said that he would require disclosure of all congressional pet projects and force lawmakers pay for any new spending or tax breaks through new revenue and cuts in other programs.
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Paul Position on the Budget
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• Ron Paul believes that nations and empires inevitably end due to financial reasons.
• He believes that the U.S. should live within its means and pay down the deficit.
• Paul think that the longer the government delays the true depth of the recession, the worse it will be.
• He would give up the American empire to reduce debt without sacrifice.
• He thinks spending should be based on the Constitution. If all spending had to be justified by the Constitution our spending would be drastically reduced.
• He says we cannot afford the wars in the Middle East.
• He says that we’ve come to accept debt and we shouldn’t; we should strive to get the country out of debt and never spend more than we take in.
• He does not believe that government should bail out private enterprise nor seek to control it. Such acts have ruined our budget.
• Ron Paul supports a Balanced Budget Amendment and on-budget accounting.
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Declared 2012
Libertarian Presidential Candidate
New York attorney and founder of the Paralegal Institute
Carl Person
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Person Position on the Budget
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Job creation will stimulate economic growth, says Person. He proposes deregulation of small business creation, including his “First Three Are Free” Plan allowing employers of “any business or household to designate up to employees as independent contractors, (June 5, 2011)” allowing businesses to avoid paying benefits to such employees, but not have to pay taxes. Person also estimates that nearly 7 million jobs can be created by allowing small business to train “personal assistants” to help them in management.
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Romney Position on the Budget
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• Mitt Romney believes in the principle of reaganomics wherein you cut taxes which is believed to bring in economic growth. According to him the budget should cut taxes on people earning incomes less than $200,000 a year and also cut payroll taxes on people aged sixty five years or older.
• He supports setting up a national catastrophic fund to ensure that people are entitled to home owners insurance in the event of some natural disasters like hurricanes, tornadoes etc.
• He brought forward an economic stimulus package with a price tag of $233 billion which is aimed at generating long term growth incentives. This can be achieved by expensing capital expenditures in the next two years and lowering corporate tax rate so that businesses will thrive and generate revenue.
• He perpetrates the need for becoming energy independent by making investments in alternative energy sources, reduce gas prices and reduce taxes on middle income Americans.
• Mitt Romney suggests bringing a cut in the 342 odd different economic programs. Of course protecting the nation's defense and military personnel is important therefore allocation of funds for their welfare is important.
• He believes that he can bring in savings worth $300 billion dollars in 10 years by capping non defense discretionary spending at inflation minus 1% and will veto any budget that exceeds that cap.
• He wants to be known as the job senator by convincing the government to cut deficits and raise American's savings rate by making more capital available for companies for investment and thereby increase employment opportunities.
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Snyder Position on the Budget
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"When times were good, we spent freely. When times are bad, we should not. Really, it’s just that simple."
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Woodring Position on the Budget
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A Balanced Budget Amendment:
The elimination by line item of special projects funding abuse; too much special interest group "fat" in the budget that needs to be trimmed
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Wuensche Position on the Budget
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• Vern Wuensche believes that government spending should be reduced at all levels with the Department of Education and the Department of Energy being abolished.
• He believes that steps should be taken to pass a balanced budget amendment to the U. S. Constitution with a cap on tax increases limited to the inflation rate.
• He believes that Congress should pass legislation allowing a line item veto to the President to allow him flexibility on detail cuts and make him more accountable on spending.
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