Bill Richardson on Budget & Economy
Democratic Governor (NM)
A: Well, as a governor, I have to, by law, balance budgets. I’ve balanced five. And it would be a major priority of mine. And this is what I would do as president. I would advocate for line-item veto authority for the president, a constitutional amendment to balance the budget. But most importantly, I believe balancing the budget should be viewed as an opportunity to have economic growth in this country.
But I think what is critically important is that when we talk about our most urgent national priority: we’ve spent $500 billion in this war. And these are funds that could go to our domestic priorities--to health care, to kids, to education, & to improving our schools.
A: America has lost its economic leadership. We have a $9 trillion dollar debt. We’ve got a weakening dollar. We’ve got jobs going overseas. These are the steps that I would take as president. What is going to be key is fiscal discipline. I am for a constitutional amendment to balance the budget within a 5-6 year period. We have to balance that budget. This debt is to commercial banks, to China, to India. I’m for a line item veto. We need investments also in science and technology. Give a tax incentive for increasing the prevailing wage. Invest in education, invest in kids and science and technology. It’s a competitiveness issue. This is the kind of investment we need to make. Fiscal discipline, number two science and technology, invest in the new industries of the future and third invest in education. That’s how America will regain its economic leadership.
A: This is the Katrina of the mortgage-lending industry. The answer is yes, there has to be more liquidity, more funds in the market. What we need is more transparency. And what we also need to do is to not appoint officials that are in the industry to regulate that specific industry. The mortgage industry, a lot of them have become a bunch of loan sharks.
|Other candidates on Budget & Economy:||Bill Richardson on other issues:|
GOP: Sen.John McCain
GOP V.P.: Gov.Sarah Palin
Democrat: Sen.Barack Obama
Dem.V.P.: Sen.Joe Biden
Constitution: Chuck Baldwin
Libertarian: Rep.Bob Barr
Constitution: Amb.Alan Keyes
Liberation: Gloria La Riva
Green: Rep.Cynthia McKinney
Socialist: Brian Moore
Independent: Ralph Nader