
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 DeficitsEntitlements 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
BailoutsCutting Interest Rates
Stimulus Packages
Printing More Money
Consequences of Fed "Patching Up" problems, according to Ron Paul
Increased cost of livingSqueezing middle class and senior citizens
Increasing weakening of dollar
Ron Paul's Plan for immediate and long-term prosperity
Lower TaxesRegulatory Reform
Less Spending
Sound Monetary Policy
Immediate actions Ron Paul would take
TaxesEnd 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 meetingsMake all information on money supply available
Legalizing competing currencies
Long term actions Ron Paul would take
Tax Reform
End personal income taxAbolish the IRS
Spending Reform
Cut back on trillion-dollar overseas budgetTake 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 innovationRepeal 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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