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Economics
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TAXES AND SPENDING
- Reduce and eliminate federal deficits, which do not benefit the whole country but only certain special interests at the expense of others. Do what is necessary to balance the budget, even if it requires tax increases and spending cuts in popular programs.
- Preserve Social Security and make it solvent without increasing Social Security tax rates on middle- and lower-income workers.
- Fund job training and skills retraining programs, through grants and subsidized student loans, as the right approach to meet the challenge of global competition, rather than protecting uncompetitive companies and workers.
PENSION FUNDS, BANKRUPTCIES, AND BAILOUTS
- Except for FDIC insurance for savings accounts, do not underwrite any private funds and do not bail out faltering companies at taxpayer expense, no matter how large the company, because more subsidizing of failure today only breeds more failure in the future.
- Reassess loan guarantees of all kinds and establish a transparent review process to better scrutinize them and ensure that they are not a form of bailout in disguise at the expense of U.S. taxpayers.