What Ron Paul stands for
Ron Paul is being trashed or ignored by the media, because he is the only candidate that makes any sense.
Having heard from the other candidates, I thought it would be good to inform people about his plan to restore America, which is available online.
He would slam on the brakes, and return America to Constitutional government.
Spending: During the first year $1 trillion in spending would be cut. He would eliminate five cabinet departments — Energy, HUD, Commerce, Interior and Education. He would abolish the Transportation Security Administration and return responsibility for security to private property owners. He would abolish corporate subsidies, stop foreign aid, end foreign wars and return most other spending to 2006 levels.
Entitlements: Honor our promise to our seniors and veterans, while allowing young workers to opt out. Block-grants Medicaid and other welfare programs to allow states the flexibility and ingenuity they need to solve their own problems without harming those currently relying on the programs.
Cutting government waste: Make a 10-percent reduction in the federal workforce, slash Congressional pay and perks, and curb excessive federal travel. He will take a salary of $39,336, which is approximately equal to the median personal income of the American worker.
Taxes: Lower the corporate tax rate to 15 percent, making America competitive in the global market, which allows companies to repatriate capital without additional taxation, spurring trillions in new investment. Extend all Bush tax cuts. Abolish the death tax. End taxes on personal savings, allowing families to build a nest egg.
Regulation: Repeal ObamaCare, Dodd-Frank and Sarbanes-Oxley. Mandates Reins-style requirements for thorough Congressional review and authorization before implementing any new regulations issued by bureaucrats. He will cancel all onerous regulations previously issued by Executive Order.
Monetary policy: Conduct a full audit of the Federal Reserve and implement competing currency legislation to strengthen the dollar and stabilize inflation.
Therese Battaglia
South Elgin