The 57th United States presidential election has once again predictably narrowed down to only two realistic presidential candidates: the incumbent, President Barack Obama for the Democrats, and Gov. Mitt Romney, for the Republicans. Accordingly, we've compiled the most comprehensive database of their positions on all the topics and all the issues to assist you, the electorate, in casting your vote on November 6. Just scroll down below the introductions and click one of the 29 issues and 12 profile categories to compare the political stances and biographical data of 2012 Presidential Candidates.
• Mitt Romney believes in the principle of reaganomics wherein you cut taxes which is believed to bring in economic growth. According to him the budget should cut taxes on people earning incomes less than $200,000 a year and also cut payroll taxes on people aged sixty five years or older.
• He supports setting up a national catastrophic fund to ensure that people are entitled to home owners insurance in the event of some natural disasters like hurricanes, tornadoes etc.
• He brought forward an economic stimulus package with a price tag of $233 billion which is aimed at generating long term growth incentives. This can be achieved by expensing capital expenditures in the next two years and lowering corporate tax rate so that businesses will thrive and generate revenue.
• He perpetrates the need for becoming energy independent by making investments in alternative energy sources, reduce gas prices and reduce taxes on middle income Americans.
• Mitt Romney suggests bringing a cut in the 342 odd different economic programs. Of course protecting the nation's defense and military personnel is important therefore allocation of funds for their welfare is important.
• He believes that he can bring in savings worth $300 billion dollars in 10 years by capping non defense discretionary spending at inflation minus 1% and will veto any budget that exceeds that cap.
• He wants to be known as the job senator by convincing the government to cut deficits and raise American's savings rate by making more capital available for companies for investment and thereby increase employment opportunities.
Johnson, who has been quoted as saying that the country is ‘essentially bankrupt’ and is ‘on the verge of a financial collapse’, believes that the out of control national debt can only be contained by adopting stringent fiscal policies and getting our troops back home from their expensive excursions in Afghanistan, Iraq and other conflict zones around the world.
Massive budget cuts, one of the hallmarks of his governorship of New Mexico, will once again feature strongly in his economic plan, with military spending being the primary target.
If elected, Johnson intends to present a balanced budget to Congress on his first year in office.
“My first promise as president of the United States is submitting a balanced budget to Congress.
That would include a 43%, that would entail 43% reduction in military spending. What’s a 43% reduction in military spending? That’s nuclear warheads from 2,300 to 500 hundred. That’s reducing military footprint on the planet, that’s us being in foreign countries, that’s the conflicts that we’re currently involved in, extricating ourselves from that conflict, that’s research and development, that’s intelligence, that’s the military that are in uniform and that’s the civilian support staff that goes along with that.
Believing that the biggest threat to our national security is the fact that we are bankrupt and if we don’t balance the budget, we’re gonna find ourselves with nothing.”April 1, 2012: Johnson speaking at the Libertarian Party of Ohio State Convention
“I think we should balance the federal budget tomorrow. I think we’re on the verge of a financial collapse in this country. I based that on the fact that we have $14 trillion dollars in debt, that we absolutely cannot repay if we’re racking up $1.6 trillion dollars in new debt this year and years to come.
So, I would advocate balancing the federal budget tomorrow. I'm optimistic. I think Americans are optimistic. We went to the moon, we can balance the federal budget. We can fix this. If we don’t do it, we’re gonna be left with nothing. So all this budget debate here a couple of weeks ago, was about less than one penny of the 43 cents that we need to cut from federal spending. And it turns out with the budget analysis, that it turned out to be less than one one hundredth of a penny. So we’re not addressing the problems that we faced, and that starts with Medicaid, Medicare, reforming social security and defense. And I mean cutting those areas."
April 22, 2011: Johnson on ABC News’ Topline