I understand small business growth. I was one.
The financial crisis should not become an excuse to raise taxes, which would only undermine the economic growth required to regain our strength.
What we Republicans should stand for is growth in the economy. We ought to make the pie higher.
How do you measure whether or not a strategy of economic growth that is articulated by a very smart, capable economist actually yields growth? You can't. But you can influence.
I know we need more nuclear power in order - nuclear power, after all, is not dependent on fossil fuels and emits no greenhouse gases. I believe we're going to be able to have coal-fired plants that have zero emissions. We need to work on carbon sequestration technologies. I mean, there's a lot we can do together and achieve the objective, which a lot of people want, which is the reduction of greenhouse gases, and at the same time, have viable economic growth.
Uganda's budget is 40 percent aid-dependent. Ghana's budget is 50 percent aid-dependent. Even if you cancel the debt, you don't eliminate that aid dependency. This is what I mean by getting to the fundamental root causes of the problem. Government, the state sectors in many African countries need to be slashed so that, you know, you put a greater deal of reliance on the private sector. The private sector is the engine of growth. Africa's economy needs to grow but they're not growing.
The best way to encourage economic vitality and growth is to let people keep their own money.When you spend your own money, somebody's got to manufacture that which you're spending it on. You see, more money in the private sector circulating makes it more likely that our economy will grow. And, incredibly enough, some want to take away part of those tax cuts. They've been reading the wrong textbook. You don't raise somebody's taxes in the middle of a recession. You trust people with their own money. And, by the way, that money isn't the government's money; it's the people's money.
So it is the policy of the United States to seek and support the growth of democratic movements and institutions in every nation and culture, with the ultimate goal of ending tyranny in our world.
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