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Ben Carson on Budget & Economy

 


Let the economy work the way it's supposed to

If you let the economy work the way it's supposed to in a free market environment, there'll be plenty of jobs and people determine their own value by what they know and what they are capable of doing.
Source: NewsMaxTV: "Obama Wages Workers Employment" , Jan 31, 2014

The free market works

there'll be plenty of jobs and people determine their own value by what they know and what they are capable of doing. Q
Source: NewsMax.com "Wages workers employment" , Jan 31, 2014

1990s deregulation paved way for 2008 economic meltdown

Some degree of government regulation is necessary for our large financial institutions to prevent the kinds of tragedies that occurred during and immediately after the great stock market crash of 1929 and again in 2008. The real shame is that we did not recognize the importance of financial regulation after the great crash of 1929 and appropriately developed safeguards in the 1930s. Unfortunately, we decided to deregulate during the 1990s, paving the way for the economic meltdown in 2008.

When it comes to defending the economic viability of our nation, ir is načve to count on the honesty and integrity of people responsible for our markets when they stand to gain so much by manipulating the system to their advantage. If we become paranoid and overregulate the financial markets, however, we will not see peak performances from them. This is one of the reasons that a balance of viewpoints in our legislative bodies is not only healthy but also necessary.

Source: America the Beautiful, by Ben Carson, p. 78-79 , Jan 24, 2012

Cut every agency spending by 10%, with no exceptions

Both Democrats and Republicans have strayed so far from the path of responsible financial policy that the concept of balancing the budget is foreign to them. I believe many of them simply cannot grasp the concept of only spending what you have. I do understand that making budgetary cuts will be painful, but it will not be nearly as painful as going bankrupt!

I believe the logical approach would be to have each governmental agency and department trim its budget by 10% -- with no exceptions. In each subsequent year, another 10% decrease would be required and would continue as long as necessary to bring the budget back into balance. This would mean there would be no sacred cows and no sparing of entitlements. No politician, agency, or special interest group could cry foul.

Source: America the Beautiful, by Ben Carson, p.108-109 , Jan 24, 2012

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Page last updated: Jun 12, 2014