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Tuesday, October 11, 2011
Tonight’s Republican debate comes amid persistent gloom about the prospects for the U.S. — and the global — economy. Here are 10 questions we’d like to hear the candidates answer:
1. The unemployment rate is stuck at 9.1%. The U.S. isn’t adding enough jobs to keep up with the growth of the labor force. What’s done is done — the fiscal stimulus, the Federal Reserve’s quantitative easing, etc. What specific policies would you adopt today to quicken the pace of economic growth and hiring?
2. If raising taxes would be bad for the economy, how would cutting spending and eliminating government jobs now be good for the economy?
3. Housing remains a major drag on the U.S. economy. About one in five Americans with a mortgage owes more than the value of his or her house. More than half Americans with equity in their home have a mortgage with an interest rate above 5%, but hasn’t refinanced. Home-building is at historic lows. Can government policy do more to rescue housing? If so, what?
4. Several of you have expressed displeasure with Federal Reserve Chairman Ben Bernanke. Who would you prefer to see in that job?
5. Will the middle class have to bear some of the burden — either in higher taxes or fewer government benefits — to bring the federal deficit under control?
6. Are there any tax increases of any kind that you would accept over the next decade?
7. What’s the best way to slow the growth of health care costs in the U.S. over the next quarter-century?
8. Mitt Romney backs the imposition of U.S. tariffs on Chinese imports if China doesn’t allow its currency to float freely on international markets. The Senate is taking up similar legislation. Do you support the pending Senate bill?
9. The living standards of our children and our grandchildren’s generation depend on investments we make today that pay off in future productivity later. What, if anything, should the government spend money on today with that objective in mind?
10. How specifically, if at all, should government policy respond to the persistent widening of the gap between winners and losers in the U.S. economy?
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