$23 Trillion Debt & Budget
- Interest on the debt in 2020 is $479 billion which is greater than the total national debt in 1974.
- By 1988, total debt was only $910 billion
- In the last 40 years, we have accumulated 23 times more debt than in the first 190 years. Today because of excessive spending the debt is more than 23 trillion.
- The interest in FY 2021 on that debt will exceed total spending on Medicaid, children’s health insurance, and the subsidies for health insurance under the Affordable Care Act.
- By 2025, the interest is projected to exceed spending on defense and all mandatory spending other than Social Security.
- We will then be spending more on servicing the past than investing in the future. No nation can continue to have spending exceed revenue without fiscal consequences.
- The cost of excessive spending today will be paid for by the wages of those who are children today or not yet born. That is wrong.
- The last time Congress passed all appropriation bills on time was 2001. In 2006 Congress passed a budget but not until May. Since then, Congress has simply passed continuing resolutions in which expenses exceed revenue creating more debt. That needs to change!
- We need to have balanced budgets without excessive spending
Supreme Court Nominees
- The courts need judges who will interpret the Constitution and legislation as it is written and not as a judge wants it to be.
- Neil Gorsuch and Brett Kavanaugh both are originalist who interpret the Constitution as written. Both received the highest recommendations from the American Bar Association which rates judges.
- Mark Warner voted No on both nominations. Dunn would have voted Yes.
Health Care Reform
- The Affordable Health Care Act, also known as Obamacare, is neither affordable nor effective. The architects of the plan knew that the plan would not be financially sustainable, that premiums would rise, not fall, and that “you can keep your doctor” was a lie. Instead premiums have risen, deductibles have risen, doctors have not taken patients covered by the plan, and patient wait times will increase.
- Current law provides federal subsidies to health care premiums based on income of less than $48,560 for an individual, $65,840 for a married couple, or $100,400 for a family of four. However, an individual with a net worth of more than $ 3 million but with income of only $45,000 is subsidized while an individual making $50,000 but with no other assets has to pay the full premium. That needs to change.
- Dunn will support private health care which allows the patient to choose the type and amount of coverage necessary for his family. Such a plan could include allowing insurance companies to compete across state lines, offer options on coverage to be chosen, and provide for limited exceptions for those people who have extraordinary medical issues at birth through no fault of their own.
- Free market competition has provided the highest quality of health care without needing to wait for months before care can begin.
- We need to reform the health care industry so that users have multiple choices from the private sector from which to choose their care.
- Lower tax rates allow individuals to spend money as they deem appropriate as opposed to higher taxes which the government then redistributes and spends as it decides.
- Historically, lower taxes have increased economic activity which usually increases total revenue.
- The current tax code needs to be modified so that those who actually make charitable contributions to organizations can claim that deduction. The current code which allows for a $24,000 deduction MFJ does not reward those who actually make donations. Changing that $24,000 deduction to an exemption and then allowing for charitable giving would reward those that actually make donations.
- Free markets and capitalism have enabled the United States to enjoy the highest standard of living in the world. Free markets have rewarded companies to provide products which consumers want and need. Lower tax rates and less regulations have provided incentives to create new and better products which raise the standard of living for all.
- Free markets allow an individual to have an opportunity to dream big and fulfill that dream. Free markets allow upward mobility without the restraint of burdensome regulations.
- Socialism allows the state to decide what is the best product, what shall or shall not be produced, and the price. State run economies typically have a lower standard of living that free market economies. Venezuela which had a vibrant free market economy in the 1990s before Chavez instituted a socialist government and nationalized key industries which has resulted in a significant decline in the standard of living. State run economies in Cuba and Russia have similar problems.
- The United States has a rules and procedures outlining the necessary steps for those who want to immigrate to the US. This country has a duty and right to control those who enter.
- Those who want to immigrate need to follow those rules. We should continue to encourage those who can contribute to our economy to immigrate.
- Those that want to work here can get a green card, apply though the legal process, and contribute to our economy.
- Those who enter illegally should not be rewarded over those who enter legally.
- Those who enter illegally should not expect the taxpayer to subsidize their living here. State such as New York and California should not reward illegal immigrants with driver’s licenses.
- I would support legal immigration which can benefit the U.S.
- “It is customary in the democratic countries to deplore expenditures on armaments as conflicting with the requirement of social services. There is a tendency to forget that the most important social service a government can do for its people is to keep them alive and free.’" British Air Marshall Sir Joh Slessor
- We need to spend the resources necessary to insure our national defense. Service members need the best tools and equipment in good working conditions to achieve their specified missions. That means airplanes with parts, soldiers with ammunition, and equipment that works. That does not mean excessive spending paid for by the taxpayer.
- This country was founded by self-reliant people on the concept of individual liberty, equality, and opportunity. Those concepts were codified in the Constitution with the Bill of Rights in the First Amendment protecting the right to worship freely, freedom of speech, and the right of assembly. The Second Amendment allowed those individuals to protect the rights outlined in the First Amendment. The Fourth Amendment protects against unreasonable search and seizures and the Fifth Amendment protects against life, liberty, and property without due process of law.
- We need to continue to support those rights and not have them infringed by left leaning political forces which want to deny individuals their constitutional rights.