There are three fundamental issues to judge the success of a nation, Standard of Living, Quality of Life, and Life Expectancy. There are many factors that contribute to these such as social issues, environmental policy, crime, illegal drugs and national security.
However, it is prosperity that truly controls our Standard of Living, Quality of Life and Life Expectancy. Increasing prosperity ensures that each generation has the ability to make strides over the previous and provide future generations with the confidence that they will exceed the standards of their parents.
The 2016 election is a chance to restore the proven values of the American free enterprise system. The greatest asset of the American economy is the hard-working American. The high rates of unemployment among youth, minorities, and veterans-have have been a tragic waste of human capital, compounded by the waste of billions in “stimulus” funds with no payoff in jobs. The chief cause has been an unprecedented uncertainty in the American free enterprise system due to the overreaching policies of the current Administration. This has made it difficult for Businesses to hire and get the American people back to work.
I believe in the American Dream, with its economics of inclusion, enabling everyone to have a chance to own, invest, build, and prosper. It is the opposite of the policies, which, for the last eight years, have stifled growth, destroyed jobs, halted investment, created unprecedented uncertainty, and prolonged the worst economic downturn since the Great Depression. Those policies have placed the federal government in the driver’s seat, rather than relying on energetic and entrepreneurial Americans to rebuild the economy from the ground up. Excessive taxation and regulation impede economic development. Lowering taxes promotes substantial economic growth and reducing regulation encourages business formation and job creation. Together, we can get our country back on track, expanding its bounty, renewing its faith, and fulfilling its promise of a better life.
Government reform is not just cutting spending. It must be accompanied by major structural change, increased productivity, use of technology, and long-term government downsizing, debt retirement, deficit reduction to ignite economic growth.
The economic malaise has bred despair and deprived us of the ability to do more with more. We suffer from the government inspired impression of scarce resources, the abandonment of American Exceptionalism, and a decline in our position in the world.
Republican Members of Congress have repeatedly tried to reform the budget process to make it more transparent and accountable, in particular by voting for a Balanced Budget Amendment to the Constitution, following the lead of 33 States, which have put that restraint into their own constitutions. I fully support a Constitutional amendment requiring a super-majority for any tax increase, with exceptions for only war and national emergencies.