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DEFICIT





The Gross National Debt





 

 


Former Governor of New Mexico

Gary Johnson

Presidential Candidate Gary Johnson

Johnson Position on the Deficit

Johnson contends that the government undisciplined and indiscriminate spending across all sectors of the economy, especially with the various coffer-bleeding overseas military undertakings, will cripple and eventually bankrupt the country.

The fact that the government is financing up to 40% of its expenditure by borrowing or printing fiat money is irresponsible, and unless massive levels of spending cuts are initiated immediately, in the region of trillions of dollars, the specter of an economic meltdown in the near future is a very real possibility.

Apart from military spending, Johnson has identified Social Security and Obamacare as the other major issues that need to be addressed in any serious effort at reducing the national deficit. Transparency and accountability must also be practiced and observed at all levels of the government, and this includes the popular libertarian target, the Federal Reserve.


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Stephen Rollins

Presidential Candidate Stephen Rollins

Rollins Position on the Deficit

With our ever growing deficit, which currently stands at over $15 trillion (more than $5 trillion under the current administration alone), we must reign in our ridiculous spending. According to “Wastebook 2011” released by Senator Tom Coburn (R-OK), our leaders are choosing to use our tax dollars for programs such as studying how video games affect our social behavior, women spinning wool in Ireland, and producing Sesame Street for Pakistani television. Stephen Rollins plans to eliminate non-essential programs such as these as part of regaining control of our spending.

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