Economic issues Political positions of Gary Johnson

1 economic issues

1.1 budget, deficits
1.2 employment
1.3 energy
1.4 environment
1.5 federal reserve
1.6 free-market capitalism
1.7 trade
1.8 health care
1.9 labor unions
1.10 social security , medicare

economic issues

governor johnson visits occupy-protesters in zuccotti park, october 18, 2011

according survey of national association business economics (nabe) members, 15% of business economists feel johnson best job president of managing u.s. economy (with 55% choosing clinton, 14% choosing trump, , 15% saying did not know or did not have opinion).

budget, deficits

gary johnson has said united states heading toward economic crisis similar 1998 russian financial crisis, , can stopped balancing federal budget. such, promised submit balanced budget year 2013 , promises veto bills containing expenditures in excess of revenues. promises @ every decision cost-benefit analysis. budget cut federal expenditures 43% in every area, across board, including responsible entitlement reform, because math simple: federal spending must cut not or billions, trillions. calls notion can control spending , balance budget without reforming medicare, medicaid , social security lunacy . johnson supports amending u.s. constitution require annual balanced budget. johnson opposes earmarks, , veto bills containing them.

johnson did not support troubled asset relief program, american recovery , reinvestment act of 2009, tax relief, unemployment insurance reauthorization, , job creation act of 2010, or other bailout or stimulus bills, , opposes president barack obama s proposed american jobs act. has said federal spending in these laws wasteful , ineffectual, , calls them bloated. once quipped, next-door neighbor s 2 dogs have created more shovel ready jobs current administration.

johnson supports ending federal personal , corporate income tax system , replacing fairtax reform proposal (while systematically reducing these taxes near-zero levels), national consumption tax on new goods , services. believes fairtax reboot american economy without impacting @ or under poverty level, not subject it. believes abolishing federal corporate income tax, says second highest in world, create tens of millions of jobs immediately. due stance on taxes, david weigel described him original tea party candidate .

employment

johnson believes main remedy unemployment reducing taxation , regulation on private business, pointing record on budgetary reform, tax reform, immigration reform, , environment ending economic uncertainty. not believe government can create jobs, instead can encourage private business, in turn creates jobs.

energy

johnson favors building new coal-fired , nuclear power plants. supports private sector research , development of renewable energy, not believe government should subsidize it.

environment

johnson has stated best environmental practices due economy. says america needs land clean environment, , supports clean-air , clean-water action , believe[s] in conservationism. cites environmental protection agency example of government.

although has stated agrees human carbon emissions impact climate, johnson rejects government action control or limit - including cap , trade - ineffective. when @ amount of money looking spend on global warming — in trillions — , @ result, argue result inconsequential money end spending, said. can direct moneys other ways more beneficial mankind. johnson has signed western governors association resolution, aims @ collaborative, incentive driven, locally-based solutions.

johnson has advocated free market solutions environmental problems, stating: “in healthy economy allows market function unimpeded, consumers, innovators , personal choices bring environmental restoration , protection society desires,”. although briefly considered being open notion of carbon tax, johnson retreated carbon tax.

johnson has stated not compromise when comes clean air, clean land, or clean water. johnson supports nuclear energy , fossil fuels, has explicitly stated government has role protect americans against businesses harm human health or property, including environmental harm.

federal reserve

johnson has said federal reserve needs reviewed , managed congressionally auditing it, , actions should transparent . has stated congress should take close @ how federal reserve bank operated , regulated. if changes need made within federal reserve bank, should made.

he says, need know money being printed going, such extent fed has purchased private assets @ home , abroad. blames high inflation on lack of transparency in federal reserve. johnson opposes quantitative easing, says merely printing money , buying debt, , believes causes malinvestment, inflation, , prolonged unemployment. states not veto bill end federal reserve.

while johnson supported ending federal reserve when questioned issue in online town hall, johnson mentions 3 reforms of federal reserve on website: conduct audit provide true transparency of federal reserve s lending practices , establish clear congressional oversight , , federal reserve out of business of printing money , buying debt through quantitative easing. in youtube interview, says, federal reserve s original mandate price stability. added on unemployment, or [rather] employment, think @ odds 1 another. [the] federal reserve , central banks should strong u.s. dollar , not weak u.s. dollar. s have. have 0 percent interest rates, because let s face it. if didn t have 0 percent interest rates right in midst of monetary collapse because of debt americans hold , can t repay. gary has stated federal reserve not private entity. own federal reserve. there misconception federal reserve private entity.

free-market capitalism

johnson supports free markets , free-market capitalist economics. says, free markets , limited government foundation of prosperity. believes government should foster free market allowing businesses freedom compete without restrictions. opposes government subsidies business; believes wrongly pick winners , losers, says consumer s job, not government s.

trade

johnson supports free trade , opposes tariffs, period. believes free market trade corrects inequities between trading partners, such foreign countries subsidies industries. johnson supports trans-pacific partnership, tpp.

health care

johnson believes costs of health care out of control , needs done return health care fiscal solvency. not believe government should taking on health care system. instead, believes market-based approach should foundation of solution. health care insurance system privately owned , managed best approach solving our health care problems. favors tort reform , control of frivolous lawsuits means cutting costs of health care.

johnson opposed patient protection , affordable care act, , believes should repealed. opposed medicare prescription drug, improvement, , modernization act, calls failed medicare prescription drug plan, , believes should repealed.

labor unions

johnson says issue trade unions, including teachers unions, require both , bad workers treated same. believes businesses should allowed reward workers , fire bad workers, without collective intervention. views public-sector unions contribute political campaigns dangerous.

social security , medicare

johnson believes in continuing social security , medicare people have paid system because there people in need, , government entity able provide in cases. believes in calls enacting responsible entitlement reform, because notion can control spending , balance budget without reforming medicare, medicaid , social security lunacy.

johnson says social security valuable , fixable without raising taxes. wants social security reflect today s realities without breaking trust retirees. supports raising retirement age, multi-pronged means testing social security recipients, , changing escalator built social security wage index inflation rate. wants congress investigate privatizing part or of social security goal being investment of contributions self-directed.

he block grant remaining funds states control aspects of own medicaid , medicare programs, making 50 laboratories of innovation best practices emerge , duplicated. believes states innovate, find efficiencies , provide better service @ lower cost. says common-sense cost savings place medicare , medicaid on path toward long-term solvency.

johnson believes funding social security , medicare should not come payroll taxes, instead should funded out of revenues fairtax.