Trick or Treat? (9-9-9 or Restore America?)

The Daily Caller reports:

“As children across America costume themselves as ghouls, ghosts, goblins and former North African dictators Monday night, they may have missed the most spine-chilling scare of the day. According to calculations based on the International Monetary Fund’s World Economic Outlook, on All Hallows’ Eve the United States’ total debt will surpass its Gross Domestic Product for the first time since World War II.

That means the average American’s share of government debt is more than an average American makes in a year. Spooky!

On October 19 Bloomberg released a chart showing that per capita gross government debt would to exceed per capita GDP in the very near future. As Bloomberg put it, “America’s bills are about to exceed its paycheck.”

Herman Cain’s 9-9-9 plan does not address this national debt problem. There are no significant cuts. Neither have any of the other candidates offered any such cuts.

Ron Paul’s Restore America plan cuts $1 trillion in the first year. It is the only plan among the 2012 GOP presidential field that offers real and substantive cuts in line with what this country desperately needs.

Or as Rush Limbaugh put it:

“Fooling around the margins isn’t going to get it done. A 2% tax cut here, or a 3% tax variation over there is not going to fix what’s wrong. Genuine, big spending cuts are the only thing that is going to bring us back … But nobody on our side has ever seriously proposed this and Ron Paul is going to.”

Ron Paul 2012 Presidential Campaign Committee