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Mar 4
Ron Paul on the most Important Issues facing the Nation, and what he'll do to fix them

The remaining presidential candidates were offered an unedited forum and platform by Forbes to tell us what they believed were the most important issues facing America, and what we needed to do to fix them.

Ron Paul was the first to respond to Forbes' offer, and here's what he considers the main issues and what to practically undertake to make them right.

Opening Statement

First, Ron Paul said the reasons he is running for president are the very things that made America great, have been abandoned overall by the conservative movement, and he wants to change that; things like a healthy currency, low taxes, personal freedom, and government limited by the constitution.


Problems that have led us here


Growing Deficits

Entitlements out of control

Living beyond our means

Losing Personal Liberties

Unsound Monetary Policy

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Consequences of those problems

National debt over $9 trillion

Future debt obligations ar about $59 trillion

Long term impossible tax burden

By 2040 Social Security and Medicare may consume entire federal budget


Federal Reserve Proposals to fix problems


Bailouts

Cutting Interest Rates

Stimulus Packages

Printing More Money


Consequences of Fed "Patching Up" problems, according to Ron Paul


Increased cost of living

Squeezing middle class and senior citizens

Increasing weakening of dollar
 

Ron Paul's Plan for immediate and long-term prosperity


Lower Taxes

Regulatory Reform

Less Spending

Sound Monetary Policy


Immediate actions Ron Paul would take


Taxes

End taxes on social security benefits

End taxes on tips

End taxes on forgiven mortgage debt (considered income)

Make Bush tax cuts permanent

Make repeal of death (estate) tax permanent


Monetary Policy


Require televised, transparent Federal Reserve meetings

Make all information on money supply available

Legalizing competing currencies


Long term actions Ron Paul would take


Tax Reform


End personal income tax

Abolish the IRS


Spending Reform


Cut back on trillion-dollar overseas budget

Take that money and apply it to secure programs forced on citizens by Washington

Give younger generations opton to opt out and save for retirement and health needs

Veto any unbalanced budget

Demand Congress deal with wasteful spending


Sound Monetary Policy


End the unconstitutional Federal Reserve


Regulatory Reform


Revisit countless federal regulations that hold back innovation

Repeal the damaging Sarbanes-Oxley Act


Ron Paul's conclusion in his article, is that "Unless we embrace fundamental reforms, we will be caught in a financial storm that will humble this great country as no foreign enemy ever could. However, we can find safe harbor in our ideals.

"Reclaiming our historic legacy of principled commitment to liberty will, once again, unleash the innovative spirit that propelled our nation to heights of prosperity never before achieved in human history."

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