It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
On Wednesday night, the group suggested that even under the latest tax plans put forth this week by Romney, a White House run under his watch would see around $2.6 trillion tacked onto its debt toll by 2021. By that same year, estimates that group, a Santorum presidency could cause the debt to go up by around $4.5 trillion and a Gingrich-run America could see upwards of $7 trillion in increased debt.
Under President Ron Paul, the US could see around $2 trillion taken off of future borrowing, explains the group.
Taking into account several scenarios of varying risk, Paul repeatedly comes out as the true fiscal conservative in the group’s report. Estimating a low-debt scenario and a high-debt scenario, Paul emerges in all contests as the candidate that would create the least damaging climate, economically speaking, under each politician’s current proposed tax plans. Through eliminating taxes on capital gains and dividends, repealing the estate tax, cutting the federal work force and ending overseas military operations, a Paul presidency is predicted to be the one with the best impact for America’s skyrocketing debt. By ending wars alone, the group estimates that Congressman Paul could cut nearly $900 billion in a best-case scenario. Other initiatives, like privatizing the FAA and TSA, could save America $70 billion during and immediately after his administration.