posted by Wayne Allyn Root on Sep 22, 2010
A Detailed and Specific Plan to Save the U.S. Economy
“If you analyze it I believe the very heart and soul of conservatism is libertarianism.”
I am a proud Reagan Libertarian. Ronald Reagan turned the worst economic slump since the Great Depression into the greatest economic turnaround and expansion in world history with one simple stroke of genius — the largest tax cut in U.S. history (ultimately reducing top marginal tax rates from 70% down to 28%). That tax cut benefited and motivated the groups that produce virtually all of the jobs and tax revenues in America — small business owners and taxpayers.
These are the very groups that President Obama chooses to punish, instead of reward. Obama redistributes money from taxpayers and small business owners to his voters — who create virtually nothing, pay almost no taxes, create no jobs, and ask for handouts and entitlements from cradle to grave. In short, Obama’s voters are bankrupting this once great country. This is precisely why the U.S. economy has fallen off a cliff. We are staring at the abyss — economic Armageddon, chronic massive unemployment, and worldwide depression. It is time for dramatic measures to stave off disaster, deficit, debt and depression.
It is time for a Reagan Libertarian Contract with America, a daring plan aimed squarely at motivating entrepreneurs, small business owners, and taxpayers. These are the people who risk, invest and build America. Without their cooperation, motivation, and success, there can be no recovery. This daring plan is the polar opposite of the Obama socialist plan. But unlike Republican plans, it places equal importance on limiting the size of government, shrinking spending, and limiting the power of politicians, as opposed to simply cutting taxes.
Can it be done? Look south to communist Cuba to see Raul Castro cutting 500,000 government employees, with a promise to cut 500,000 more. Castro is privatizing vast swaths of government and encouraging Cubans dependent on communism and big government to find a private sector job, or start a small business. Even communists are getting the message that desperate times call for daring measures (and a dramatic change in strategy).
Or look north to our neighbor Canada, which in the late 1990’s stared down economic disaster and debt, and pulled off an economic miracle with both spending cuts and tax cuts. Canadians turned a large deficit that threatened to destroy their economy and credibility into a budget surplus. If Cuba can do it…if Canada can do it…the greatest nation in world history can do it bigger and quicker.
Here is the 20-point Reagan Libertarian Contract with America:…………..