Our overwhelming concern is the pending double-dip next Meltdown to deal with global government insolvency and currency debasement. We believe we are entering a protracted period where unemployment will rise to 30% and inflation and interest rates will reach 15% annually. We believe this will become the new normal and will persist for decades. It will ramp up like 1979 to 1983. Saying our grandchildren will pay for this debt is inaccurate. We will pay for it by 2016. Gee Whiz tax cut proposals will not be enough. We need serious 50% government spending reductions.
If we are successful and we regain control of the House and Senate this November, we will need an immediate aggressive effort to avert financial disaster. We need your foot on the throat of the Fed. 1000% inflation is not an option. We need to make our goals clear and radically conservative, or we will not succeed. We believe government spending, miss-the-mark legislation and the failure to enforce our immigration laws are at the heart of the problem. Ronald Reagan is right again, government is the problem.
Republicans failed to prevent the 2008 Meltdown. How did this happen ? How did Democrats continue to protect Fannie and Freddie prior to 2006, when Republicans held majorities ? How did the Bush Administration fall error to believing that poor families and individuals could and should purchase homes they could not afford ? How did Republicans not know that bad loans were being written ? Why is it that Ron Paul was the only Republican who got it right on excessive government spending ?
It is true that since 2008, Republicans in the House and Senate have opposed the myriad of bad Bail-Outs, useless Stimulus, bad Health Reform, bad Finance Reform, bad Tax Increases, and other schemes that have resulted in this 2nd Great Depression. Republicans continue to reject the global warming hoax, Cap & Trade, Card Check and Amnesty bills pushed by the Democrats.
Bail-Outs were not due to a legitimate liquidity problem, they were due to granting bad home loans. Instead of bail-outs, those large financial institutions should have been left to declared bankruptcy.
Republicans should remind voters that they have voted NO on all the bad, dangerous and disastrous bills the Democrats have proposed and passed, but first, voters need to hear the Republican port-mortem view of errors made and reasons for these errors. We need to know that not just Ron Paul, but all Republicans “get it”.
I have not heard much straight-talk explaining precisely what Republican Politicians believe occurred to produce the 2008 Meltdown and what needs to be done now.
Publish More Republican Bills
Health Reform Repeal and Replacement. We like Ron Paul’s bills. If all Republicans sign on to these and publicize it, we will win more seats in November 2010. If we pass these, we can avert disaster in 2014.
Financial Reform Repeal and Replacement. We need repeal and replace bills for this that is as clear as Ron Paul’s Health Reform plan. We need to close Fannie, Freddie, repeal the Community Reinvestment Act and kill HUD regulations
Cut Government Spending by 50%
1. We need Republican bills that would cut government spending immediately with a 20% reduction of all government budgets for 2010 and beyond.
2. Reset Projected Government Budgets to 2020. Set annual limits on government spending to not exceed actual projected tax revenue income. The projected U.S. government budgets must be limited to $2.6 trillion. Place limits on government spending to treat the National Debt like a home mortgage. Limit it to 28% of projected tax revenue income.
3. Set a target to cut the National Debt in half, from $14 trillion to $7 trillion and set aside $300 billion a year to pay principle. Reduce the Debt Ceiling each year.
4. Immigration Enforce current law. Close the border, tighten visas and deport all illegal aliens. Jobs now held by 16 million illegal aliens should go to unemployed U.S. citizens.
5. Manufacturing. Propose strategies to return manufacturing and product development to the U.S. Without it, we cannot grow our way out of this debacle.
6. Cap & Trade. We must overwhelmingly declare that the global warming theory is a hoax. We must clearly state our opposition to Cap & Trade as a money-making scam. We must promise to oppose it because implementing it will damage our economy. Further, we should declare that carbon is not a pollutant the EPA should try to regulate . Wind and solar need to be able to compete with nuclear and coal at 2 cents/kwh. before we force utilities to invest in it.
7. Audit the Fed. We believe the Fed has purchased that part of our debt we couldn’t sell to the Chinese. We also believe the Fed will debase the currency to pay for the Obama spending spree.
8. U.S. Credit Rating. We believe the U.S. credit rating is already BBB and the dollar is no longer a “safe haven”. We are all scrambling to protect ourselves from your debt default.
9. U.S. Federal Departments will need to be eliminated and consolidated and staffs cut along with their charter. The era of curious, meddling on the fringes and nosey government has ended. Regulations will need to be real and focused, not diffuse and meaningless like we have today. It is not governments’ role to monitor the law-abiding. Look at redoing all the regulations aimed at the real harmful stuff. There is no need for earmarks, funding meaningless academic projects, supporting the arts, foreign countries, unaccountable global groups or terrorists. Foreign aid must be reduced by 80%.
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