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Ron Paul’s Economic Plan: Cut 5 Cabinet Agencies, Cut Taxes, Cut President’s Pay
wall Street Journal ^ | October 17,2011 | Danny Yadron

Posted on 10/17/2011 10:37:52 AM PDT by Hojczyk

GOP presidential candidate Rep. Ron Paul will unveil his economic plan Monday afternoon, calling for a lower corporate tax rate, cutting spending by $1 trillion during his first year in office and eliminating five cabinet-level agencies, including the Education Department, according to excerpts released to Washington Wire.

Mr. Paul’s “Restore America” plan calls for a drastically reduced federal government to help spur American business — a familiar theme for the Texas Republican and many of the GOP White House hopefuls. But unlike some of his Republican rivals who have released economic plans, the libertarian congressman mostly avoids the weeds of tax and trade policy, according to excerpts.

But Mr. Paul does get specific when he calls for a 10% reduction in the federal work force, while pledging to limit his presidential salary to $39,336, which his campaign says is “approximately equal to the median personal income of the American worker.” The current pay rate for commander in chief is $400,000 a year.

The Paul plan would also lower the corporate tax rate to 15% from 35%, though it is silent on personal income tax rates, which Mr. Paul would like to abolish. The congressman would end taxes on personal savings and extend “all Bush tax cuts.”

(Excerpt) Read more at blogs.wsj.com ...


TOPICS: Business/Economy; Government
KEYWORDS: ronpaul
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1 posted on 10/17/2011 10:37:55 AM PDT by Hojczyk
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To: Hojczyk

one word... BOZO


2 posted on 10/17/2011 10:42:48 AM PDT by Lib-Lickers 2
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To: Hojczyk
Important!

http://tinyurl.com/3vprbdy

3 posted on 10/17/2011 10:43:56 AM PDT by lonevoice (The Fresh Prince of Bill Ayers, impeach we much. We will much about that be committed.)
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To: Hojczyk

There is a good half to Ron Paul. If only it was just that good economic half that were running for President I might even be a paulbot sympathizer. As is, his nutty foreign and defense policy positions ruin him and prevent most actual conservatives from taking him seriously.


4 posted on 10/17/2011 10:44:50 AM PDT by Longbow1969
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To: Hojczyk

I like what I see here, other than I’m sure that his trillion dollars in savings involves wiping-out the DOD


5 posted on 10/17/2011 10:48:58 AM PDT by Buckeye McFrog
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To: Hojczyk; mnehring; Allegra; lormand

It is a good idea to cut spending by $1 trillion, eliminate five cabinet departments (especially Education), etc. However, that simply suggests that paleoPaulie wants to be sure that, when he surrenders our nation to the jihadist Islamofascisti to be part of their world caliphate, it will be in good enough economic shape to please them. I am not impressed nor am I deluded enough to vote for the gutless little pipsqueak!


6 posted on 10/17/2011 10:53:12 AM PDT by BlackElk (Dean of Discipline, Tomas de Torquemada Gentlemen's Club: Burn 'em Bright!!!)
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To: Hojczyk
...while pledging to limit his presidential salary to $39,336, which his campaign says is “approximately equal to the median personal income of the American worker.” The current pay rate for commander in chief is $400,000 a year.

This is a symbolic gesture that could do more harm than good, if it were to be official policy. The only people who would then run for POTUS would have to be those that don't need the money anyway. It would prevent otherwise good people from running for office (for example, a Joe the Plummer type).

Sorry Rep. Paul. I believe that people should be compensated for the value they bring to the job or in line with the difficulty of the job. $400K for POTUS is appropriate.

The symbolic gesture only promotes more class warfare.

7 posted on 10/17/2011 10:56:17 AM PDT by kidd
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To: Hojczyk
LRon Paul proposes 5 cuts and 2 prominent additions to his Cabinet: Kucinich [Minister of Peace and Space] and Nader [Minister of Progressiveness and Environmentalism]

Come with us! Planet LRon is out of this world!

8 posted on 10/17/2011 10:58:37 AM PDT by Servant of the Cross (the Truth will set you free)
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To: Hojczyk
Is this where we check in to bash Paul?

"..presidential salary to $39,336.."

This just PROVES he is a nut-case!

Join the "anybody but Paul" movement:

abp.com

We're here for you.

9 posted on 10/17/2011 11:02:17 AM PDT by Designer (Nit-pickin' and chagrinin')
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To: Lib-Lickers 2

10 posted on 10/17/2011 11:02:48 AM PDT by MrEdd (Heck? Geewhiz Cripes, thats the place where people who don't believe in Gosh think they aint going.)
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To: Hojczyk

You get what you pay f0r, but I think $39,000 a year is waaaayyy to much for this guy,


11 posted on 10/17/2011 11:06:00 AM PDT by righttackle44 (I may not be much, but I raised a U.S. Marine.)
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To: Longbow1969
"..his nutty foreign and defense policy.."

Yea, we like ceaseless war in every hell-hole on earth, and sending tons of cash to all kinds of wierdo foreign governments!

No need to change anything.

12 posted on 10/17/2011 11:07:51 AM PDT by Designer (Nit-pickin' and chagrinin')
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To: Hojczyk

Exactly right prescription for our domestic disease.


13 posted on 10/17/2011 11:10:10 AM PDT by DManA
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To: Hojczyk

Roach Paul is the Mad Hatter!


14 posted on 10/17/2011 11:11:39 AM PDT by DarthVader (That which supports Barack Hussein Obama must be sterilized and there are NO exceptions!)
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To: Hojczyk
Only 5 cabinet agencies? Piker...

NASA, FCC, FAA, DEA, EPA, BATFE, DoE, SSI, DHS, TSA.... Just to name a few.

There are more listed here: http://www.usa.gov/directory/federal/index.shtml

If they aren't covered by Art 1 Sec 8, they need to go. Period. No excuses. Not even "good" excuses.

15 posted on 10/17/2011 11:16:25 AM PDT by Dead Corpse (For those who fight for it, life has a flavor the sheltered will never know.)
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Click the Bear

Please Donate
Monthly if Possible

16 posted on 10/17/2011 11:21:33 AM PDT by TheOldLady (FReepmail me to get ON or OFF the ZOT LIGHTNING ping list)
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To: Lib-Lickers 2

Are you against cutting Cabinet departments? Or are you incapable of a coherent thought on the subject of Ron Paul’s ideas?


17 posted on 10/17/2011 11:22:36 AM PDT by DManA
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To: kidd

How many are there now, that need the salary?


18 posted on 10/17/2011 11:23:46 AM PDT by stuartcr ("Everything happens as God wants it to...otherwise, things would be different.")
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To: DManA

I don’t want anything to do with that dingbat..


19 posted on 10/17/2011 11:25:31 AM PDT by Lib-Lickers 2
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To: kidd
Yep, even one brain neuron devoted for one second to Presidential (or Congressional) salaries is a monumental waste of time. I'd set all of the above to a million, personally. It's utterly irrelevant to the budget, cuts to $40,000 would limit a position to the independently wealthy, and an added issue is that for any government position, when your pay doesn't match your power, it vastly increases corruption.

Presidential and Congressional pay is an obsession of the stupid and clueless.

I'd argue that even discussing the elimination of cabinet departments in the current budget climate is a gigantic waste of time. Basically, if you're not talking Social Security, Medicare/Medicaid, Defense, and Taxes you're wasting your time.

20 posted on 10/17/2011 11:44:40 AM PDT by Strategerist
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