Minnesotans have a great opportunity this year. They can elect a Senate candidate who respects the U.S. Constitution and supports free market reform and liberty for Americans. That candidate is Kurt Bills.
Bills is currently a member of the Minnesota House of Representatives and teaches economics at Rosemount High School. Bills’ platform is one of a strong supporter of the Constitution. Richardcyoung.com is proud to endorse Kurt Bills for United States Senate.
Federal Reserve Bank – Prices are signals. The price of money is known as the interest rate. It is the most important price in a free enterprise system. The policy of printing more money decreases interest rates and the value of our dollar. This affects the ratio of dollars in circulation compared to the amount of goods and services available. It is the root cause of inflation and the business cycle. Monetary policy and devaluation of our dollar is a GIANT that we face. We all work for, spend, invest, or borrow money. Printing money causes the most regressive form of taxation…the inflation tax. Stealing the purchasing power of working class people by printing money keeps interest rates low and encourages people to go further into debt rather than save. This is one of the most morally corrupt policies I have witnessed in my study and teaching of economics. The solution is to audit the Fed and, at minimum, change its dual mandate from promoting full employment AND providing price stability to simply promoting price stability. I will work for a stronger approach to allow working class people to be paid in wages that maintain or grow their purchasing power.
National Defense – According to the constitution, the most important role of the federal government is our national defense. I agree with “peace through strength.” I do not agree with spreading our military so thin around the world that it compromises our men and women and their effectiveness. Furthermore, Congress must declare war according to our constitution. I will work for keeping the US military out of nation building and ill-defined missions. I will work to make sure the US military is equipped and prepared to perform its mission to defend and protect the lives of American citizens.
Federal Budget – The United States Senate should pass a budget; they haven’t since April 29, 2009, which is over 1,000 days. Our national debt now exceeds $15 trillion and is the direct result of unsustainable spending. If we want our children and our grandchildren to live with the same liberty and prosperity that we have, we must reverse this trend. Federal spending per household has grown more than 150% since 1965. The answers are straightforward. As your next U.S. Senator, I will work with fellow members to pass a budget, along with focusing on lowering spending. Unsustainable spending can be curbed by the federal government focusing on what it was designed to do as defined by the constitution.