- Campaign
Literature « 2024 Republican Presidential
Primary « Perry
Johnson for President, Inc.
2024 Republican Presidential Primary
Perry Johnson for President, Inc.
 |
 |
|
| Booklet -
8 1/2" x 11", 6 pages. |
PERRY JOHNSON'S TWO CENTS
PLAN
TO SAVE AMERICA
PERRY WHO?
MY NAME IS PERRY JOHNSON AND I'D LIKE TD START BY
TELLING YOU A LITTLE ABOUT MYSELF.
I am a self-made businessman, problem solver and quality expert from Michigan. I've been referred to as a "Quality Guru" of sorts. I grew up without two cents to rub together. There were times I didn't know if I'd be able to pay my rent.
But I worked hard and seized any opportunity that came my way.
In the 1980s, the Japanese were kicking our butts in the auto industry.
Their cars had better quality, consistency, and Detroit was in trouble.
That's when I stepped in, writing the book on the quality controls that helped bring the American auto industry back from the brink.
I've always been a numbers guy and I used that expertise to start Perry Johnson Registrars, a company that put into place quality controls on American auto parts, which in turn, guaranteed quality American automobiles.
We went to the front of the line and once we knew that the best possible parts were being made to go into American cars, we could guarantee the best possible end product. We rebuilt the industry part by part.
THESE QUALITY CONTROLS HELPED SAVE THE AUTO INDUSTRY.
Following those successes, we implemented the same model for items used in everyday life. We've started more than 80 companies worldwide that provide quality standards in the items we use every single day including food, medical devices and airplanes.
I still run those companies today.
I've been blessed to be incredibly successful in my business, but what I'm most proud of is my incredible family.
I have the most wonderful wife in the world and together we share three sons whom I love more than anything. They are the pride of my life.
They are truly the reason I am stepping into the political arena. Under no circumstances do I feel I can sit idly and pass off a country to my kids that I hardly recognize.
That's why I wrote a plan to address what I believe to be the most pressing issue facing our country – a bloated federal government that is creating record inflation which is crushing the American middle class.
I proudly supported President Trump in 2016 and 2020. If we're being candid however, politicians of both political parties have failed to provide adequate solutions to the most pressing problem facing our country: runaway spending and the inflation that came with it.
My Two-Cents Plan to Save America will lower inflation, give our economy a much needed boost, allow us to lower taxes and give Americans the ability to LIVE again.
TWO-CENTS PLAN
Eggs are $6 a carton. Gas is still over $3 a gallon. Energy prices are skyrocketing. People are draining their savings accounts and living paycheck-to-paycheck.
Meanwhile, the leftists in D.C. have spent trillions of dollars that we don't have to fund programs that don't work.
MAKE NO MISTAKE - EVERY PENNY THE FEDERAL GOVERNMENT IS BORROWING IS CAUSING INFLATION AND MAKING IT HARDER AND MORE EXPENSIVE FOR YOUR TO LIVE.
[CHART] AMERICAN INFLATION RATES 2010-2022
I SAY - ENOUGH IS ENOUGH.
THE TWO-CENTS PLAN IS VERY SIMPLE:
Cut two cents off of every dollar of discretionary spending out of the federal budget.
We have to get inflation under control and bring down costs. This plan is both realistic, attainable and will actually solve the problem.
DIAGNOSING THE PROBLEM
[CHART] U.S. BUDGET DEFICIT BY YEAR – 1981-2021 (in billions of dollars)
THE FEDERAL DEBT IS OUT OF CONTROL
and it is estimated that about half of the recent inflation increase is due to excessive fiscal spending, or effective economic mismanagement.
THIS OUT OF CONTROL SPENDING IS KILLING THE MIDDLE CLASS.
On top of this, both the Federal Reserve and Joe Biden have done everything in their power (and more) to increase federal spending and the money supply without first increasing the amount of goods and services produced.
[CHART] M1 MONEY SUPPLY Monthly Avg Seasonally Adj. Jan. 2006 - Dec. 2022 (FRB)
WOULD ANYONE MISS 2%?
Currently, bureaucrats and budget manager in the federal government are actually incentivized to spend every penny of their budget - whether it's necessary or not.
When I'm sworn into office - that policy is gone.
Managers will be tasked with cutting two percent from their budgets every year and incentivized with bonuses to do so.
MY TWO-CENTS PLAN
MY TWO-CENTS PLAN PROPOSES TO REDUCE DISCRETIONARY SPENDING BY 2 PERCENT ANNUALLY AND RETURN THE MONEY DIRECTLY TO THE AMERICAN PEOPLE.
I BELIEVE THAT WE ARE BETTER OFF LETTING THE PEOPLE WHO EARN THE MONEY DECIDE HOW TO SPEND IT.
IT WILL ALSO:
Restore accountability and quality to the federal government.
Let the people who earn the money keep more of it.
Reduce the budget of every discretionary program by two percent annually and return the savings directly to the people.
Incentivize government managers to reduce their budget. This is the best way (and perhaps the only way) to incentivize the federal government to increase the quality of the programs it delivers.
Enable us to become energy independent. Restore faith in our oil and gas companies by ensuring a sensible energy plan, rooted in our current energy availability.
Incentivize and motivate Americans to do what we do best: innovate.
Effectively downsize an ever-growing government that saps our strength and returns the resources to the American people.
Reduce and simplify the tax code.
MY FIRST ACTS AS PRESIDENT
DIRECT ALL EXECUTIVE BRANCH BUDGET MANAGERS TO BEGIN THE PROCESS OF
REDUCING THEIR BUDGET BY TWO PERCENT.
I will submit to Congress, the first Budget since 2006, by February 15th, with the Two Cents Plan to cut two percent across the board built into it.
I will ask Congress to pass their appropriations bills – all 13 at one time – for the best possible transparency.
THIS WILL FINALLY PUT US ON THE PATH TO A BALANCED BUDGET FOR THE FIRST TIME SINCE 2001.
A NOTE FROM DR. ARTHUR LAFFER
- Economic Advisor to President Ronald Reagan -
Today's economy reminds me so much of the late 1970s: high inflation, high interest rates, high energy prices, low levels of employment sandwiched between a recent recession, and a looming recession, and a lack of confidence in a strikingly inept president.
In 1980,Jimmy Carter lost his bid for reelection (for obvious reasons). The American electorate is not kind to presidents who preside over poor and declining economic conditions. Ronald Reagan convincingly won 44 out of 50 states, ushering in a new era for America based on competence, hope, optimism, and confidence, which materialized into one of the strongest economies in US history. Mr. Reagan implemented an appealing and workable set of policies known as supply-side economics, which reduced income tax rates and simplified the tax code, reduced the strangling regulations of government, turned rampant inflation, and boosted free trade. What more could be asked?
I am proud to say that as a close advisor to Mr. Reagan, I was honored to play a role in both the conceptualization and the implementation of supply-side economics (also known as Reaganomics). I am also proud to say that it really worked. Government revenue doubled during our eight years in office. Inflation dramatically declined, and employment soared. Supply-side economics ushered in a long expansion during the 1980s which, after a brief interruption in 1990-1991, continued full force until the recession of 2001. The foundation was laid for what was, at the time, the longest expansion in American history.
Most important, supply-side economics solved stagflation (i.e., the simultaneous occurrence of high unemployment and high inflation.) For us economists, this was a new and quite worrisome phenomenon. Economic theory as taught in universities implied that the economy can be buffeted by high unemployment, for which we have a set of ready-made policies, or inflation, for which we also have a set of ready-made policies, but not both simultaneously. Academics had no answer for stagflation.
Supply-side economics solved stagflation on both fronts, and in so doing we learned that stagflation just doesn't happen but is the result of misguided economic policies. Stagflation was so painful for ordinary Americans experiencing excessive joblessness and higher prices; and its reasons so clearly understood that I naturally assumed that no government would ever allow stagflation to reappear. I thought that stagflation would be relegated forever to the history books and to the back pages of economics texts for future students to learn how economic mismanagement can disrupt the lives of ordinary Americans.
But here we go again. High inflation, rising interest rates, high energy prices, reduced living standards for the middle class, a looming recession, and a seemingly inept president who really does not understand the deeper issues and the underlying causes of today's problems. Our current president does not have the acumen to implement the right policies to solve our myriad of problems. He also cannot seem to empathize with ordinary Americans who are constantly fretting over high prices everywhere.
Perhaps because I am an outsider looking in, I can clearly see the parallels with the economic mess of the late 1970s. I can clearly see that today's problems are self-inflicted: a bloated government that never seems to stop spending other people's money, an explosive growth in the money supply by our central bank and its callous willingness to inflict high interest rates on the American people who are already suffering from high inflation. And, as an outsider looking in, I can clearly see that the only way out of this mess is policies well-grounded in supply-side economics.
In the 1980s we were the Party with ideas. Our ideas worked and they resonated with the American people. Supply-side economics solved our problems and put Americans back to work. Our respect for the American people was reciprocated by their love for us.
Unfortunately, the ideals of sound economic policy amongst our leaders in Washington eventually dissolved and our supply-side accomplishments began to fade. As was the case in the final moments of the Carter Administration, now is the time for a resurgence of pro-growth, supply-side economic policy.
With this in mind, I was very pleased to read Mr. Johnson's book. Not only do his ideas evidence a good understanding of the causes of our current problems, but his solutions are soundly based on workable economic theory. Perry seems to be one of the few Republicans who took our defeat very seriously in 2020, recognizing that in order to regain the White House in 2024, we must be the party of workable ideas that resonate with all Americans.
A key tenet of supply-side economics is that incentives matter. This is what motivates us to work harder and to save more and invest, and to provide a better life for ourselves and for our families. But, as Perry documents in Two Cents, our government has actually disincentivized us from working and from saving and investing. It is time to stop this. We need, as Ronald Reagan said, to get the government off our backs and we need to reinstate positive incentives for all people.
Doing so is what Two Cents is all about. Mr. Johnson understands the key role of incentives. He understands that the right incentives will motivate Americans to work. That the right incentives will reduce supply-side bottlenecks, enabling our businesses to produce more, thereby alleviating long-run inflation. He understands that too much money without enough goods will always lead to inflation. Mr. Johnson understands that it is imperative to reduce the size of the government, and has offered an effective policy to do so, which by the way, is a personal favorite of mine: reduce the size of discretionary government spending by 2 percent every year by incentivizing the managers of such departments with a cash bonus. How can this not work?
Americans are looking for policies that directly address their situation. Americans are looking for policies that work. Americans are looking for someone who speaks their language and understands their pain. Mr. Johnson's Two Cents delivers. His policies will lay the foundation for a long continuous economic expansion, just like we did during the 1980s.
GO TO PERRYJOHNSON.COM TO GET YOUR FREE COPY OF TWO CENTS TO SAVE AMERICA
[QR code]
PerryJohnsonTwoCents.com @Perry4America
PJQualityGuru @PJQualityGuru
PAID FOR BY PERRY JOHNSON FOR PRESIDENT INC.
TO SAVE AMERICA
PERRY WHO?
MY NAME IS PERRY JOHNSON AND I'D LIKE TD START BY
TELLING YOU A LITTLE ABOUT MYSELF.
I am a self-made businessman, problem solver and quality expert from Michigan. I've been referred to as a "Quality Guru" of sorts. I grew up without two cents to rub together. There were times I didn't know if I'd be able to pay my rent.
But I worked hard and seized any opportunity that came my way.
In the 1980s, the Japanese were kicking our butts in the auto industry.
Their cars had better quality, consistency, and Detroit was in trouble.
That's when I stepped in, writing the book on the quality controls that helped bring the American auto industry back from the brink.
I've always been a numbers guy and I used that expertise to start Perry Johnson Registrars, a company that put into place quality controls on American auto parts, which in turn, guaranteed quality American automobiles.
We went to the front of the line and once we knew that the best possible parts were being made to go into American cars, we could guarantee the best possible end product. We rebuilt the industry part by part.
THESE QUALITY CONTROLS HELPED SAVE THE AUTO INDUSTRY.
Following those successes, we implemented the same model for items used in everyday life. We've started more than 80 companies worldwide that provide quality standards in the items we use every single day including food, medical devices and airplanes.
I still run those companies today.
I've been blessed to be incredibly successful in my business, but what I'm most proud of is my incredible family.
I have the most wonderful wife in the world and together we share three sons whom I love more than anything. They are the pride of my life.
They are truly the reason I am stepping into the political arena. Under no circumstances do I feel I can sit idly and pass off a country to my kids that I hardly recognize.
That's why I wrote a plan to address what I believe to be the most pressing issue facing our country – a bloated federal government that is creating record inflation which is crushing the American middle class.
I proudly supported President Trump in 2016 and 2020. If we're being candid however, politicians of both political parties have failed to provide adequate solutions to the most pressing problem facing our country: runaway spending and the inflation that came with it.
My Two-Cents Plan to Save America will lower inflation, give our economy a much needed boost, allow us to lower taxes and give Americans the ability to LIVE again.
TWO-CENTS PLAN
Eggs are $6 a carton. Gas is still over $3 a gallon. Energy prices are skyrocketing. People are draining their savings accounts and living paycheck-to-paycheck.
Meanwhile, the leftists in D.C. have spent trillions of dollars that we don't have to fund programs that don't work.
MAKE NO MISTAKE - EVERY PENNY THE FEDERAL GOVERNMENT IS BORROWING IS CAUSING INFLATION AND MAKING IT HARDER AND MORE EXPENSIVE FOR YOUR TO LIVE.
[CHART] AMERICAN INFLATION RATES 2010-2022
I SAY - ENOUGH IS ENOUGH.
THE TWO-CENTS PLAN IS VERY SIMPLE:
Cut two cents off of every dollar of discretionary spending out of the federal budget.
We have to get inflation under control and bring down costs. This plan is both realistic, attainable and will actually solve the problem.
DIAGNOSING THE PROBLEM
[CHART] U.S. BUDGET DEFICIT BY YEAR – 1981-2021 (in billions of dollars)
THE FEDERAL DEBT IS OUT OF CONTROL
and it is estimated that about half of the recent inflation increase is due to excessive fiscal spending, or effective economic mismanagement.
THIS OUT OF CONTROL SPENDING IS KILLING THE MIDDLE CLASS.
On top of this, both the Federal Reserve and Joe Biden have done everything in their power (and more) to increase federal spending and the money supply without first increasing the amount of goods and services produced.
[CHART] M1 MONEY SUPPLY Monthly Avg Seasonally Adj. Jan. 2006 - Dec. 2022 (FRB)
WOULD ANYONE MISS 2%?
Currently, bureaucrats and budget manager in the federal government are actually incentivized to spend every penny of their budget - whether it's necessary or not.
When I'm sworn into office - that policy is gone.
Managers will be tasked with cutting two percent from their budgets every year and incentivized with bonuses to do so.
MY TWO-CENTS PLAN
MY TWO-CENTS PLAN PROPOSES TO REDUCE DISCRETIONARY SPENDING BY 2 PERCENT ANNUALLY AND RETURN THE MONEY DIRECTLY TO THE AMERICAN PEOPLE.
I BELIEVE THAT WE ARE BETTER OFF LETTING THE PEOPLE WHO EARN THE MONEY DECIDE HOW TO SPEND IT.
IT WILL ALSO:
Restore accountability and quality to the federal government.
Let the people who earn the money keep more of it.
Reduce the budget of every discretionary program by two percent annually and return the savings directly to the people.
Incentivize government managers to reduce their budget. This is the best way (and perhaps the only way) to incentivize the federal government to increase the quality of the programs it delivers.
Enable us to become energy independent. Restore faith in our oil and gas companies by ensuring a sensible energy plan, rooted in our current energy availability.
Incentivize and motivate Americans to do what we do best: innovate.
Effectively downsize an ever-growing government that saps our strength and returns the resources to the American people.
Reduce and simplify the tax code.
MY FIRST ACTS AS PRESIDENT
DIRECT ALL EXECUTIVE BRANCH BUDGET MANAGERS TO BEGIN THE PROCESS OF
REDUCING THEIR BUDGET BY TWO PERCENT.
I will submit to Congress, the first Budget since 2006, by February 15th, with the Two Cents Plan to cut two percent across the board built into it.
I will ask Congress to pass their appropriations bills – all 13 at one time – for the best possible transparency.
THIS WILL FINALLY PUT US ON THE PATH TO A BALANCED BUDGET FOR THE FIRST TIME SINCE 2001.
A NOTE FROM DR. ARTHUR LAFFER
- Economic Advisor to President Ronald Reagan -
Today's economy reminds me so much of the late 1970s: high inflation, high interest rates, high energy prices, low levels of employment sandwiched between a recent recession, and a looming recession, and a lack of confidence in a strikingly inept president.
In 1980,Jimmy Carter lost his bid for reelection (for obvious reasons). The American electorate is not kind to presidents who preside over poor and declining economic conditions. Ronald Reagan convincingly won 44 out of 50 states, ushering in a new era for America based on competence, hope, optimism, and confidence, which materialized into one of the strongest economies in US history. Mr. Reagan implemented an appealing and workable set of policies known as supply-side economics, which reduced income tax rates and simplified the tax code, reduced the strangling regulations of government, turned rampant inflation, and boosted free trade. What more could be asked?
I am proud to say that as a close advisor to Mr. Reagan, I was honored to play a role in both the conceptualization and the implementation of supply-side economics (also known as Reaganomics). I am also proud to say that it really worked. Government revenue doubled during our eight years in office. Inflation dramatically declined, and employment soared. Supply-side economics ushered in a long expansion during the 1980s which, after a brief interruption in 1990-1991, continued full force until the recession of 2001. The foundation was laid for what was, at the time, the longest expansion in American history.
Most important, supply-side economics solved stagflation (i.e., the simultaneous occurrence of high unemployment and high inflation.) For us economists, this was a new and quite worrisome phenomenon. Economic theory as taught in universities implied that the economy can be buffeted by high unemployment, for which we have a set of ready-made policies, or inflation, for which we also have a set of ready-made policies, but not both simultaneously. Academics had no answer for stagflation.
Supply-side economics solved stagflation on both fronts, and in so doing we learned that stagflation just doesn't happen but is the result of misguided economic policies. Stagflation was so painful for ordinary Americans experiencing excessive joblessness and higher prices; and its reasons so clearly understood that I naturally assumed that no government would ever allow stagflation to reappear. I thought that stagflation would be relegated forever to the history books and to the back pages of economics texts for future students to learn how economic mismanagement can disrupt the lives of ordinary Americans.
But here we go again. High inflation, rising interest rates, high energy prices, reduced living standards for the middle class, a looming recession, and a seemingly inept president who really does not understand the deeper issues and the underlying causes of today's problems. Our current president does not have the acumen to implement the right policies to solve our myriad of problems. He also cannot seem to empathize with ordinary Americans who are constantly fretting over high prices everywhere.
Perhaps because I am an outsider looking in, I can clearly see the parallels with the economic mess of the late 1970s. I can clearly see that today's problems are self-inflicted: a bloated government that never seems to stop spending other people's money, an explosive growth in the money supply by our central bank and its callous willingness to inflict high interest rates on the American people who are already suffering from high inflation. And, as an outsider looking in, I can clearly see that the only way out of this mess is policies well-grounded in supply-side economics.
In the 1980s we were the Party with ideas. Our ideas worked and they resonated with the American people. Supply-side economics solved our problems and put Americans back to work. Our respect for the American people was reciprocated by their love for us.
Unfortunately, the ideals of sound economic policy amongst our leaders in Washington eventually dissolved and our supply-side accomplishments began to fade. As was the case in the final moments of the Carter Administration, now is the time for a resurgence of pro-growth, supply-side economic policy.
With this in mind, I was very pleased to read Mr. Johnson's book. Not only do his ideas evidence a good understanding of the causes of our current problems, but his solutions are soundly based on workable economic theory. Perry seems to be one of the few Republicans who took our defeat very seriously in 2020, recognizing that in order to regain the White House in 2024, we must be the party of workable ideas that resonate with all Americans.
A key tenet of supply-side economics is that incentives matter. This is what motivates us to work harder and to save more and invest, and to provide a better life for ourselves and for our families. But, as Perry documents in Two Cents, our government has actually disincentivized us from working and from saving and investing. It is time to stop this. We need, as Ronald Reagan said, to get the government off our backs and we need to reinstate positive incentives for all people.
Doing so is what Two Cents is all about. Mr. Johnson understands the key role of incentives. He understands that the right incentives will motivate Americans to work. That the right incentives will reduce supply-side bottlenecks, enabling our businesses to produce more, thereby alleviating long-run inflation. He understands that too much money without enough goods will always lead to inflation. Mr. Johnson understands that it is imperative to reduce the size of the government, and has offered an effective policy to do so, which by the way, is a personal favorite of mine: reduce the size of discretionary government spending by 2 percent every year by incentivizing the managers of such departments with a cash bonus. How can this not work?
Americans are looking for policies that directly address their situation. Americans are looking for policies that work. Americans are looking for someone who speaks their language and understands their pain. Mr. Johnson's Two Cents delivers. His policies will lay the foundation for a long continuous economic expansion, just like we did during the 1980s.
GO TO PERRYJOHNSON.COM TO GET YOUR FREE COPY OF TWO CENTS TO SAVE AMERICA
[QR code]
PerryJohnsonTwoCents.com @Perry4America
PJQualityGuru @PJQualityGuru
PAID FOR BY PERRY JOHNSON FOR PRESIDENT INC.
Copyright © 2023 Eric M.
Appleman/Democracy in Action. 