Tags: Economic- Crisis | | Huntsman | fiscal | reality

Huntsman: US Needs to Face Fiscal Reality

By Hiram Reisner   |   Friday, 26 Aug 2011 03:05 AM

Presidential hopeful Jon Huntsman says he is not worried about his poor standing in national polls because nobody pays attention this early in the game “except the insider crowd.” Huntsman also told Fox News’ Neal Cavuto Thursday America must seriously confront its fiscal decline to compete with countries trying to thwart U.S. standing as an economic power.
“If this had been the reality last go-around in 2008, Fred Thompson would be president — if you kind of read the polls then, Howard Dean would have been president in 2004,” Huntsman said. “How many front-runners have we had in this race already in several months? Probably four or five.

“Nobody is paying attention, nobody is tuned in, with the exception of the insider crowd — I like our chances because our message is straightforward,” he said. “It is honest, it is based on my record, and it is based on a common-sense conversation with the people who are facing a Category 5 economic storm in this country.”

Huntsman said America has hit an economic wall and “we are bankrupting the next generation because of the debt that we are carrying. And we are trying to pretend like we are going to compete against the 21st century players across the Pacific Ocean.”

“I have lived in those countries — I have seen how they are prepared to deal with the 21st century,” the former Utah governor said. “And, Neil, we have got a lot of work ahead of us if we are going to maintain our position of preeminence in this world.”

Cavuto noted that Huntsman had taken some flak for suggesting that Americans at the higher end of the earning spectrum might be asked to pay higher taxes if he is elected president.

“I don’t believe in more taxes at this time in our nation`s history — it is the worst thing we could do when we have got to get back on our feet,” Huntsman said. “But are we all going to have to step up and recognize the reality of where we are, and that is, entitlements cannot continue as they are today — it will bankrupt our future generation. We have got to change Medicare. We have got to change Social Security. We have got to revamp defense.

“All I am saying is, everyone in this country is going to have to recognize the new reality — and that is we have got to fundamentally change the way we do business,” he continued. “It means reforming our tax code — we have a broken, dilapidated tax code that has got to be completely revamped for the 21st century.”

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