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Show Presidential Candidates How They Stand: On Economic Policy "We must stopf inflation. It mustl be properly under- 5 stood that infla-l tion is not merely I an economic prob-1 lem. If long en-S dured, it erodes the confidence inl government that isl so vital to the smooth function-! -.7f w ing of a Republic jQHN ANDERSON suchasours...Ifin- J flation persists, it will not represent a failing of the American people, but rather of their political leadership. . .Unless .Un-less we get the American people saving and investing again, unless we boost our technology through more research and development, and unless we upgrade the skills of our laborforce, we will never put a halt to inflation." "I have been very careful in saying that what I'm going to do is bring Federal spending under control first... I'm going to wait until I see that the inflation in-flation rate is going down, before I even begin to phase in the business tax cuts thatl've talked about. " "Talk of a $20 to $30 billion tax cut may make good election-year rhetoric, butsuch talk misses the point. ' ' "How do you balance the budget, cut taxes, and increase Defense spending at the same time?" "I . . . oppose an election-year tax cu t. . . What I would propose... are cuts in the Federal budget. I think we've got to have fiscal restraint. ' ' "A sound economic policy must incorporate in-corporate a commitment to full employment... employ-ment... While the central focus' of America's full employment policy must be on the creation and preservation of productive, private sector jobs, there will be a continuing need for creative and complementary federal employment programs to reach areas of unmet needs. "There are no quick answers to inflation infla-tion and above all no painless answers. " "The fundamental challenge to our economy in the 1980's is to create full employment, stable prices, and real growtn, witn jods that attack our declining productivity produc-tivity and energy dependence the major causes of inflation and recession. "My Administration's Adminis-tration's budget policy has been based on balanc- i,s fi 3 ' if nn r 1 1 ftti'arr, a in i Wr itlrit i B ine important but 6 f- , JIMMY CARTER competing goals: J providing adequate Federal resources to meet ourNation'a needs, while restraining restrain-ing the growth of the Federal budget. ' ' "It is sheer deception to promise the American people that we can have this enormously expensive and unfair tax cut, that we can dramatically increase defense expenditures even above and beyond the substantial levels I have recommended, and that we can sustain our programs in education, employment, health and other areas, and that we can exercise budget restraint at the same time. ' ' "The most importantstep we can take to revitilize American industry is to provide incentives for greater private investment. ' ' "To help offset rising individual tax burdens in ways that do not rekindle inflation... I will ask Congress for... measures next year to deal with this problem." "We have got to keep inflation under control while we. . .build permanent jobs for people in the private industry sector, not in make-work jobs that are very expensive to the American taxpayer. . . " "In the first three years I was President... Presi-dent... we increased the net number of jobs in this country by more than eight million." "Government causes inflation, and therefore government gov-ernment is the only one who can cure it." "I'll attack inflation in-flation sensibly. First, I will tell our monetary authorities authori-ties that they have only one job to restore ana main- R0NAInRI tain a sound dollar at home and abroad... Second, I' Congress to act immediately in ning the necessary reform of system... Third, I will attack o federal spending. . .Finally, I bcL need to accept the fact that feder regulating of the economy has ex the bounds of sensibility. Whe exceed benefits, the regulator desist." "We must balance the bu Tjhrough a comprehensive ass waste and inefficiency... we cat two percent out of the budget i year 1981 and. ..we will be able crease this gradually to seven pe' what otherwise would have beens fiscal year 1985." "The answer to this depress'" tion lies in immediate action Congress to reinvigorate the ec The answer lies in a tax cut... a i tax cut.. .to be effective on Jan 1981. ..it should take the form across-the-board, 10 percent cu come tax rates on individual, as w effective accelerated depreciate ulc to revive the flowof investrrt American business..." . " T he only real long-term so unemployment is to stimulate ec growth, thereby creating enough jobs for all those seeking work, can best be achieved by a cm sive program of tax rate reduce deregulation of American industi |