Johnson earned the nickname Governor Veto during his two terms in New Mexico, largely for cutting spending programs. Asked if cutting spending at the federal level would be more difficult, he responded: I wouldnt think so.
What we want as citizens of this country is to elect leaders that actually are going to go in and fix the problems. I really think that unless we balance the federal budget, were going to find ourselves in a monetary collapse. Whats a monetary collapse? Well, its when the dollars that you have in your pocket dont buy anything. And I am talking about the history of other countries that embark on spending like were doing.
Johnson dismissed concerns that sharply cutting defense spending will impair economic growth, saying that was one of the big concerns after World War II, but exactly the opposite happened.
I am promising to advocate on the part of the Fair Tax, throwing out the entire federal tax system," he added. "No more income tax, no more corporate tax, no more IRS abolish the IRS, abolish the tax withholdings from your payroll check and replace it with one federal tax, a consumption tax.
No more IRS, no more having to spend any time with withholdings or loopholes.
Its a phase-in over a couple of years, but its really an exciting notion that we would issue pink slips to half of Washington lobbyists, because half of Washington lobbyists are there to buy loopholes. Loopholes are for sale. Both parties sell them. All that goes away.
Read more on Newsmax.com: Libertarian Candidate Johnson: Just 'Say No To Government'
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