The Reagan Libertarian Contract with America

By Wayne Allyn Root

A Detailed and Specific Plan to Save the U.S. Economy

Ronald Reagan turned the worst economic slump since the Great Depression into the greatest economic turnaround and expansion in world history with one simple stroke of genius - the largest tax cut in U.S. history (ultimately reducing top marginal tax rates from 70% down to 28%). That tax cut benefited and motivated the groups that produce virtually all of the jobs and tax revenues in America - small business owners and taxpayers. These are the very groups that President Obama chooses to punish, instead of reward.

Obama redistributes money from taxpayers and small business owners to his voters who create virtually nothing, pay almost no taxes, create no jobs, and ask for handouts and entitlements from cradle to grave. In short, Obama’s voters are bankrupting this once great country. This is precisely why the U.S. economy has fallen off a cliff. We are staring at the abyss - economic Armageddon, chronic massive unemployment, and worldwide depression. It is time for dramatic measures to stave off disaster, deficit, debt and depression.

It is time for a Reagan Libertarian contract with America - a daring plan aimed squarely at motivating entrepreneurs, small business owners, and taxpayers. These are the people who risk, invest and build America. Without their cooperation, motivation and success, there can be no recovery. This daring plan is the polar opposite of the Obama socialist plan. But unlike Republican plans, it places equal importance on limiting the size of government, shrinking spending, and limiting the power of politicians, as opposed to simply cutting taxes. [more...]