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Patrick Wiesner on Budget & Economy

 

 


Pay off $19T national debt over a period of 25 years

The Senate mission of Patrick is paying off the government's debt. Patrick takes paying off the national debt as the duty of baby boomers. His plan is simple but requires hard work. The US now has a $17 trillion annual economy. We can take 3.0 percent of our GDP and, every year, put that toward debt reduction. In year one, we will pay off $510 billion. The second year--another $523 billion. If the economy grows at two and a half percent, in just under 25 years, the debt will be paid.

On top of the $19 trillion in Treasury bond obligations, our Congress and the lobbyists have unloaded $5.0 trillion of housing loan guarantees onto the taxpayers plus another $1.2 trillion in student loans. Borrowing and making more promises that our children will pay the bill is the way Washington spends money without voter accountability. This culture can only be fixed by firing incumbents. If we do nothing, and let the debt keep going up, our children will leave.

Source: 2016 Kansas Senate website, WiesnerForSenate , Apr 1, 2016

Paying off the national debt is the duty of baby boomers

Today, the incumbents don't debate paying off the debt. There is no talk of a surplus. They have given up on balancing the budget. The GOP-controlled Congress (along with all-too-willing Democrats) dealt with caps on discretionary spending by simply raising the limits. In the process, the debt ceiling is now unlimited. Any discussion the GOP is a fiscally conservative caucus is a hoax.

Patrick takes paying off the national debt as the duty of baby boomers. His plan is simple but requires hard work The US now has a $17 trillion annual economy. We can take 3.0% of our GDP and, every year, put that toward debt reduction. In year one, we will pay off $510 billion. The second year--another $523 billion. If the economy grows at 2.5%, in just under 25 years, the debt will be paid.

Patrick has been in private law practice for 23 years. He is also a Certified Public Accountant. His practice is focused on solving tax and debt problems. Patrick intends to be the Senate expert on the tax code.

Source: 2016 Kansas Senate campaign website, WiesnerForSenate.com , Mar 1, 2016

End Washington DC's "let's borrow money" culture

Q: When thinking about the future of the state, what concerns you the most?

A: My biggest concern is the "let's borrow money" culture of Washington DC. I don't think we should have to borrow for college and take 20 years to pay it off; or borrow to own a home and take 30 years to pay it off; or borrow to run our Federal government and never pay it off. I want our kids and their kids to live their lives without owing money. As your US Senator, I intend to move us out of the debt cycle.

Source: Emporia Gazette on 2016 Kansas Senate race , Aug 2, 2014

Generate surpluses & not deficits; pay off our national debt

Q: What are your top three priorities?

A: As Senator, I will start my work on setting budget policy so that we generate surpluses and not deficits; this will give us revenue to pay off our national debt. Second, our tax code needs attention so that compliance is easy. Third, we need to keep lobbyists from drafting laws.

Q: What actions would you take on the budget?

A: My mission is to get our country out of debt. The United States has enough economic power and agricultural wealth to be generous to its citizens and, at the same time, pay for the cost of government. National defense, Social Security, and a safety net for the poor are priorities. Other programs will be limited or cut so that we have enough revenue left to pay off our d

Source: Emporia Gazette on 2016 Kansas Senate race , Aug 2, 2014

Other candidates on Budget & Economy: Patrick Wiesner on other issues:
KS Gubernatorial:
Sam Brownback
KS Senatorial:
Chad Taylor
Greg Orman
Milton Wolf
Pat Roberts
Randall Batson
Todd Tiahrt

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Page last updated: Apr 30, 2016