Herman Cain on Deficits and Debt
Summary
Mr. Cain is a vocal advocate for reducing the deficit and the debt by reducing the amount of spending in the fedeal goverment. He has stated that every federal agency, every government program and every single expenditure must be reviewed and revised with a keen eye and a red pen, and that leaders should be willing to shrink budgets by target percentages, and those charged with implementing those changes must be held accountable.
Deficits Matter
In December of 2008, Herman Cain wrote an article discussing a recent statement made by President Obama that in the short term deficits don't matter.
Las Vegas Campaign Event
At a Las Vegas campaign event in January of 2011, Mr Cain spoke about the need to cut programs to decrease the spending level.
Nevada News and Views Interview
In May of 2011 , after the first Presidential debate, Herman Cain was interviewed by the Nevada News and Views and asked about balancing the budget. He notes that he would do this through a series of tax cuts and changes to entitlement programs.
Fox News Sunday
On May 22, 2011 Herman Cain appeared on Fox News and discussed the problems with the federal deficit. Mr Cain explained his plan, but then stated that his plan would not work now as the Congress and President have waited too long and the problem is too mature to prevent raising the debt ceiling again.
Iowa Debate
In August of 2011, Herman Cain participated in the Republican debate in Ames, Iowa. He stated that he opposed the recent debt deal as spending reductions were not solid.
2012 Presidential Campaign Website Statements