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Republican Convention |
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Democratic Convention |
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2012 Libertarian Presidential Nominee
Former Governor of New Mexico
Gary Johnson
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Johnson position on the Deficit
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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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| Comment on Gary Johnson's position on the Deficit |
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