A Quote by Richard N. Haass
Our inability to govern ourselves at home, to deal with everything from infrastructure to our debt to tax policy, is reducing the appeal of the American model.
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We've got a lot of work to do: not only on education, but on the economy, on our tax code, and on reducing our crushing debt.
Everything is poisoned, and it's all poisoned from greed. I think our inability to communicate with each other and everything that's happening in the world is all a symptom of our greater inability to deal with nature appropriately.
Tax reform for the 21st century means rewarding hardworking families by closing unfair loopholes, lowering tax rates across the board, and simplifying the tax code dramatically. It demands reducing the tax burden on American businesses of all sizes so they can keep more of their income to invest in our communities.
We will rebuild our country with American workers, American iron, American aluminum, American steel. We will create millions of new jobs and make millions of American dreams come true. Our infrastructure will again be the best in the world. We used to have the greatest infrastructure anywhere in the world, and today, we are like a third-world country. We are literally like a third-world country. Our infrastructure will again be the best, and we will restore the pride in our communities, our nation.
I am committed to improving our state's infrastructure to support Louisiana's growing economy, and that starts by bringing our federal tax dollars home.
You can see our media appearances as well as connect to Our Power to the People Agenda, Our Green New Deal, our plan to abolish student debt and our plan to actually create a whole new foreign policy based on international law and human rights.
Any politician that says no tax revenue or zero spending cuts does not deserve reelection. Our hole is so deep in this country with the debt and the debt service, the interest on that debt, before the big expenses come for Social Security and Medicare - for we baby boomers in a few years - that everything has to be on the table.
We have done a lot of work on cost reduction, getting ourselves lean, reducing our breakeven, reducing our fixed cost and increasing exports. All of these factors help because our export basket is not just automotive but also includes industrial products, railways and others.
The U.S. has a law on the books called the debt limit, but the name is misleading. The debt limit started in 1917 for the purpose of facilitating more national debt, not reducing it. It still serves that purpose. It's unconnected to spending, hurts our credit rating and has been an abject failure at limiting debt.
The other thing that's really important in tax reform is making sure that we don't tax American businesses at much higher tax rates than our foreign competitors tax theirs. It is costing us jobs. It's one of the reasons all these American companies are moving overseas.
Our tax policy is engineered by people who view tax as a means of achieving changes in our social structure.
But obviously, we're looking for all good ideas to help deal with our long-term debt problem. This is something that is going to affect our economy. It affects our kids. And we need to deal with it.
While restoring a sense of fiscal discipline to Congress is a top priority, infrastructure spending is an important and necessary task of government. Our nation's long-term debt requires us to prioritize and economize with every tax dollar.
Many of our problems are home-grown. Gordon Brown regularly advised the rest of the world to follow his British model of growth. But the model was flawed. It led to the highest level of household debt in relation to income in the world.
The harsh reality is that we simply cannot tax our way out of our overspending and debt problem. We need a balanced approach that includes both a stronger economy to generate new tax revenues and bipartisan guardrails, which will help ensure that future presidents and congresses spend within our means.
Consider in Washington, around the country today we are talking about balanced budgets, paying down our national debt, getting the economy going, defending ourselves, activist judges. Newt Gingrich did all those things when he was speaker. We got tax relief. We got balanced budgets. We got, you know, job creation. We paid down our national debt.
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