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 Barefootfae 12 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 guess we are all supposed to shut up about a budget now right?
by Willowarbor 2 months ago
On Tuesday, Trump lauded a House budget blueprint that may enable Congress to pass much of his legislative agenda in what he called “ONE BIG BEAUTIFUL BILL.” That budget, which passed a committee vote and could hit the House floor as soon as next week, lays out targets for legislation that would...
by qwark 14 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, consider 1000 times a billion: a trillion... and try to visualize our national...
by PrettyPanther 4 years ago
House lawmakers Wednesday gave final approval to President Biden's $1.9 trillion coronavirus relief package, sending the legislation to his desk for his signature. The White House says Biden plans to sign it on Friday."This legislation is about giving the backbone of this nation — the...
by logic,commonsense 14 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 is no longer prez and will find a way to blame him.Obama and the Dems own...
by Ralph Deeds 12 years ago
David Wessel in today's Wall Street Journal: Washington is the Biggest Drag on the U.S. EconomyHousing is on its way back. Consumers are spending more readily. Nearly two-thirds of U.S. private industries are hiring. The stock market is up. The U.S. economy is healing, albeit slowly.The...
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