It's the economy... the single-most important issue we are facing right now. With 23 million unemployed or underemployed, and weak economic growth, we can't afford to neglect our economy. It is entirely possible for us to slip into another recession, or even a full-blown depression.
The number-1 reason to not support Johnson is his total lack of understanding about economics. His economic plan is two-fold.
1 - Reform the tax code, but keeping it revenue neutral.
2 - Cut spending, and have balanced budgets starting in 2013.
That's the problem. We are spending $3.729 trillion this year, about $1 trillion of that is deficit spending. Our GDP is $15 trillion. Our GDP growth is 1.7%.
$1 trillion in cuts is equal to 6.66% of our GDP. That means, we would see a GDP growth next year of approximately -4% to -5%. Instant recession
Now, where does that money go? Everywhere. It pays for public employees' paychecks. It pays for research projects(which pay for researchers, pay for products and services, etc). Almost every dollar the government spends contributes to the economy. If you cut $1 trillion in spending, you are going to see DRASTIC job losses. Let's just say that $200,000 = 1 job.
That's 5 million jobs being funded by that spending. You cannot simply cut government spending, without negative consequences.
Now, the second reason not to vote for Johnson, is that even if he were elected, he wouldn't be able to get any of this done. He wouldn't have either party on his side, by default. It would only lead to more stonewalling.
If civil liberties are what concern you, then work on them from where you can actually get things done. Your representatives. The effort that goes into campaigning for Paul/Johnson/Stein/Etc, would be much better put to use lobbying our congressmen to stop taking away our liberties, and get rid of PATRIOT and NDAA
Actually, it would probably just be easier to get rid of Congress and start over.
by Barefootfae4 years ago
http://www.cnbc.com/id/100584821The Senate has produced and passed a budget. Of course it's mostly all tax increase and does nothing.....repeat nothing....about the deficit ten years down the road.But there it is. I...
by logic,commonsense6 years ago
Read an article on MSN that the projected deficit for this year is 1.5 trillion dollars. Makes bush look like a piker with his measly 3-400 billion dollar deficits.Course there will be those that forget that bush...
by qwark6 years ago
A billion:A billion seconds ago it was 1959!A billion minutes ago jesus alledgedly lived!A billion hours ago our ancestors were living in the stone age!A billion days ago no one walked upon the earth on 2 feet!Now,...
by Doug Hughes6 years ago
The 14th AmendmentSection 4. "The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or...
by JaxsonRaine4 years ago
Q4 2012 the US GDP shrank by 0.1%, compared to 3.1% growth the previous quarter. This was a surprise for the most part.A recession is when we have two consecutive quarters of contraction, so if the first three months of...
by Josak4 years ago
I think it would be great if we could debate the economy not on the basis of "commonly known" or presumed but on the basis of provable facts with sources. I'll start, US deficit for 2009 (last budget made by...
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