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Greenleaf places name on New Hampshire Ballot: More a Campaign for America...Less a Candidacy for Office
Huntingdon Valley, PA - Suffocated by skyrocketing debt, worried about the future, and searching for its economic heartbeat, the United States of America and her citizens continue to search for great and innovative solutions on the journey toward a brighter future. On Friday, October 28th, Stewart J. Greenleaf placed his name on the New Hampshire ballot – not to run for President, but to put forth ideas to help America reach these goals. “My name is on the New Hampshire ballot for President of the United States because every four years New Hampshire voters listen, they process, they seek out the best ideas and they elevate those ideas into the national debate,” Greenleaf said. “We must resolve our national debt not only so our nation survives, but so that we as Americans thrive and prosper once again.” A problem solver, optimist, and Pennsylvania State Senator representing a district in the long shadow of Independence Hall, Greenleaf believes there’s a debt-free way forward for our nation and its taxpayers by collateralizing the dollar based on our nation assets. “My goal is to help inspire a debate about solving our national debt, about putting our reckless spending behind us, and building a bright future based on our shared national assets. We as a free people own - conservatively - $127 trillion in assets. We must leverage what we own, restore our credit, and return to the path of prosperity and progress.” Seeking the office of the President isn’t Greenleaf’s goal. A passionate public servant in his home state of Pennsylvania, Greenleaf seeks to add to the debate in New Hampshire and stimulate a real and robust discussion on eliminating our national debt and making it unconstitutional for future Presidents and Congresses to pass unbalanced budgets in the future.
“My family - my wife, my children, my grandchildren - we have a wonderful life and quiet, cheery home. My goal isn’t about moving to 1600 Pennsylvania Avenue. My goal is to enter ideas into the great debate that is the 2012 Presidential Election.” “Too often today, with the press enamored with the issue of the day and too many ideas dismissed out of hand because of partisan bickering, garnering attention for new ideas required this unusual step.” Greenleaf resides in Montgomery County, Pennsylvania, and serves more than 240,000 Pennsylvanians in the 12th Senatorial District. “My goal is national solvency now and for the future, so that American workers and American businesses can get back to expanding, innovating and prospering again. I want our still competitive industries to have the chance to compete and I want to ensure that our advanced technologies and new products are not stolen and counterfeited. I want the American worker to have every possible opportunity for employment in this country,” Greenleaf said. Attached is a four page document with five critical ideas Greenleaf believes our next President, regardless of their political party, must implement.
Attachment included below
A Debt-Free USA is a Free USA “A debt-free USA is a truly free USA – no longer hostage to foreign creditors, no longer enslaving future generations to unconscionable indebtedness, no longer trapped in an economic paralysis. By restoring American solvency, we will restore American sovereignty and our greatness as an engine of enterprise and prosperity for all our citizens.” - Senator Stewart Greenleaf
Prior to 1971 the U.S. dollar was backed by gold. Since then our currency has not been backed by anything of value - except for more than $2 trillion in income taxes collected by the federal treasury from American workers. We as a nation, we as American taxpayers, own great resources - conservatively estimated at $127 trillion. Federal assets such as mineral and timber rights and the value of land and property holdings are vast and dwarf even our staggering $15 trillion national debt. Greenleaf noted that foreign governments hold several trillion in US Treasury bonds, and the United States is in debt to China for about $1.5 trillion – a fact that impacts federal policies regarding trade, intellectual property rights, economic competitiveness, and national security. “Backing the dollar with the value of federal assets would allow us to print $15 trillion to pay off our debt to foreign creditors and to the Federal Reserve, which has been buying US Treasury bills in an effort to keep the economy afloat,” Greenleaf said. “The money that has been printed in recent years is pretty much Monopoly money because it isn’t backed by anything of actual value.” Based on an estimate $127 trillion in assets, the $15 trillion to pay our debt would represent about 11.25 percent or our total federal assets. This versus continuing to spend 25% of every tax dollar annually to service our $566 billion annual interest on our current national debt.
Critical to our future, Greenleaf’s proposed idea requires a Balanced Budget Amendment so that future debt would be controlled and our federal assets kept safe. In his words: “Once massive debt is paid off, we must ensure that it can never be run up again.” Greenleaf said that current government policy devalues the dollar, and that the Federal Reserve’s efforts to keep interest rates low as a means of keeping the interest on the national debt low has deleterious effects on the economy in general and in particular on older Americans trying to live on their savings with annual interest rates as low as 0.5 to 1 percent. “The United States government possesses enormous wealth in the form of land and properties, as well as drilling, mining, grazing, and timber rights, but there hasn’t been an official assessment of the value of these assets and there hasn’t been an effort to obtain the maximum value of these assets on behalf of the taxpaying citizens who are the real owners,” Greenleaf said. He cited the example of federal law that allows federal properties like closed military installations to be sold for a dollar to local government entities when their market value would be in the hundreds of millions. “In conducting an assessment of federal assets for the purpose of using their value as collateral for the dollar, we would need to review the laws regarding the disposition of such properties as well as reviewing the leases of federal lands and waters to ensure that we are receiving adequate compensation.”
Boosting American Competitiveness Greenleaf knows we must push for several other proposals to boost US competitiveness in the world and promote opportunities for prosperity at home. He believes implementation of these proposals would result in the immediate creation of jobs, as well as helping to bring back jobs that American businesses have outsourced to other countries.
Tariff Tweaking “We must move immediately to protect American industries so they can successfully compete with foreign businesses.” - Senator Stewart Greenleaf One of Greenleaf’s priorities for Washington would be what he calls “tariff tweaking” to provide competitive American industries with improved opportunities to manufacture and sell products in the United States by utilizing tariffs on similar foreign made products. Tariff tweaking would be employed on a limited basis to protect targeted industries by enabling them to achieve price competitiveness to sell to the domestic market.
Intellectual Property Protection “Small US businesses and innovators are crushed by intellectual property theft and we need to work harder to deter unfair trade and business practices pertaining to blatant piracy.” - Senator Stewart Greenleaf Greenleaf’s idea would require the enactment of new intellectual property laws – and the enforcement of current laws – to protect copyrights and patents from piracy and counterfeiting by foreign competitors. Intellectual property theft costs American businesses $250 billion a year and costs American workers 750,000 jobs, yet, perhaps because of our debtor status with China, our government has not dealt aggressively with this serious problem.
Relaxed, Responsible Credit Requirements “We must relax federal requirements on lending institutions. Under a careful review process for proposed projects, nothing would help start the free market engine that creates jobs more than freeing American capital.” - Senator Stewart Greenleaf Greenleaf believes Washington must relax credit requirements for viable projects considered on a case-by-case basis for credit worthiness and potential success. This would be a careful process to open up lines of credit for businesses and housing. Many banks and industries are sitting on large cash reserves, but are constrained by regulations and economic concerns. To unleash our greatest potential we must free this capital to create jobs and grow the American economy.
American Citizen Employment Act “Especially in times of high unemployment it is important that we look out for our citizens and others with proper documentation who are seeking employment.” - Senator Stewart Greenleaf To benefit the employment of American citizens and prevent the hiring of undocumented workers, Greenleaf’s proposal would require the use of E-Verify, a web-based system run jointly by the Department of Homeland Security and the Social Security Administration to ensure U.S. citizenship for every new hire. By using modern technology, our government will protect our citizens and put Americans back to work.
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