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David Walker on Budget & Economy

 


Annual limit on most major categories of spending & revenues

Q: How would you cut spending?

A: Place an annual limit on all major categories of spending other than interest (because we can't) and Social Security (because we can reform the program and make it solvent, secure, affordable and sustainable). Limit how much federal revenues as a percentage of the economy the federal government can take absent a formal declaration of war by the Congress.

Source: Email interview on presidential race with OnTheIssues.org , Apr 3, 2012

3 parts spending cuts to 1 part tax increase via reforms

Q: When you think about the US budget deficit, which of the following solutions is closest to your opinion?A: Choice B. I believe that the ratio needs to be about three parts spending cuts to one part taxes, excluding interest, as part of comprehensive tax reform.
Source: AmericansElect phone questionnaire by OnTheIssues.org , Mar 30, 2012

Comprehensive tax reforms, capping tax at 20.5% of GDP

Q: Would you raise taxes?

A: While we need to have more revenue, we can solve the problems at a lower level of revenue as a percentage of the economy from where we are headed under current law. We should cap the total revenues that the federal government can take, and place a limit on all major categories of federal spending other than Social Security and interest (because we can't).

Q: At what percentage of the economy should revenue be capped?

A: It could be 20.5% of GDP.

Source: AmericansElect phone questionnaire by OnTheIssues.org , Mar 30, 2012

Other candidates on Budget & Economy: David Walker on other issues:
Incumbents:
Pres.Barack Obama
V.P.Joe Biden
GOP Candidates:
Rep.Newt Gingrich(GA)
Rep.Ron Paul(TX)
Gov.Mitt Romney(MA)
Third Party Candidates:
Rep.Virgil Goode(C)
Gov.Gary Johnson(L)
Gov.Buddy Roemer(AE)
Jill Stein(G)
C.G.David Walker(AE)

GOP Withdrawals:
Rep.Michele Bachmann(MN)
Herman Cain(GA)
Gov.Chris Cristie(NJ)
Gov.Mike Huckabee(AR)
Gov.Jon Huntsman(UT)
Rep.Thaddeus McCotter(MI)
Gov.Sarah Palin(AK)
Gov.Tim Pawlenty(MN)
Gov.Rick Perry(TX)
Sen.Rick Santorum(PA)
Donald Trump(NY)
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Page last updated: May 31, 2012