Friday, February 24, 2012
Budget watchdog: Most GOP hopefuls would increase debt
Acording to an organization that watches the U.S. government's budget, The national debt will increase dramatically with the policies of the leading Republican candidates. The group claims that with taxes and spending plans of Newt Gingrich, Rick Santorum, and Mitt Romney that the national debt would increase to over 96% of the nations economy. This is because they each plan to decrease tax rates although the government spending that they propose will not obtain adequate funding. I agree with what they are saying here. These candidates are gaining public support for decreasing the tax rates yet the policies that they are proposing are very near sighted. They are saying what the people want to hear right now in hopes of their votes, but not what needs to be done to fix the problems we as a nation are facing. According to the research done by this organization Ron Paul is the only one that would keep the debt in check. This is due to his cutting of a great deal of Government spending.
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