IBJNews

Mitch Daniels probably won't run for president, but what if he did?

Back to TopCommentsE-mailPrintBookmark and Share
On The Beat Industry News In Brief

On Feb. 23, when Gov. Mitch Daniels opened a crack in the door on a possible 2012 presidential run, he didn’t lay out many specifics about potential planks in his national platform. At least not to the Washington Post, which broke the political story online.  

daniels-mitch-mug Daniels

Daniels, a Republican, had previously dismissed all local and national speculation about his interest in running for president. He told the Post he might consider it in 12 to 18 months, if no other candidate shines the spotlight on the issue closest to his heart: fiscal responsibility.

But in a separate interview with Barrons, published in a Feb. 22 story titled, “Reviving the U.S. without tax hikes,” Daniels gave far more detail about how he’d apply his approach to state government at the federal level.

Daniels told Barrons that cuts aren’t enough to balance the U.S. budget because the national deficit, at 10 percent of gross domestic product, is too deep. But slashing spending would clearly be a priority for Daniels, whose nickname was “the Blade” when he ran the Office of Management and Budget for President George W. Bush.

He’d likely start with the bank industry bailout. Daniels told Barrons that President Obama’s administration and Congress ought to immediately cancel the Troubled Asset Relief, or TARP, program and the $787 billion stimulus, then return all unused funds from the programs to the Treasury. Daniels said this would show America is serious about deficit reduction, and would help keep interest rates low.

Daniels also wants to reform the Social Security system.

“We need a new compact that preserves all of the old promises, but makes a newer, affordable compact with younger citizens,” he told Barrons.

On the controversial issue of health care reform, Daniels told the financial publication his fix would prioritize individual responsibility, encouraged with individual tax credits for purchasing insurance coverage: “We won’t have cost containment until all of us are cost containers.”

Daniels also told Barron’s the U.S. must reconsider—and possibly scale back—its international commitments, including its military ones, based on what it can afford.

“It has been important to the world—everything America has done; but America is going to have to still be here and be able to afford to do some things,” Daniels said “So I am not suggesting anything specific, only when you do the math, you are going to have to do, at least temporarily, some unwelcome things. There is a big debate right now about space. I am just thrilled about the frontier aspects of that, but you know it may just have to wait a generation. I’d hate that outcome, but it may come to that.”

Energy policy is another area Daniels considers ripe for reform. He told Barrons the United States needs to promote all sources of domestic energy, including new nuclear plants, offshore oil and gas, and green power such as wind and ethanol. He framed his position in terms of the negative consequences of continued U.S. reliance on Middle Eastern oil.

“This is a matter of survivability,” Daniels told Barrons. “We are paying the worst persons in the world for their oil and gas.”

ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. I never thought I'd see the day when a Republican Mayor would lead the charge in attempting to raise every tax we have to pay. Now it's income taxes and property taxes that Ballard wants to increase. And to pay for a pre-K program? Many studies have shown that pre-K offer no long-term educational benefits whatsoever. And Ballard is pitching it as a way of fighting crime? Who is he kidding? It's about government provided day care. It's a shame that we elected a Republican who has turned out to be a huge big spending, big taxing, big borrowing liberal Democrat.

  2. Why do we blame the unions? They did not create the 11 different school districts that are the root of the problem.

  3. I was just watching an AOW race from cleveland in 1997...in addition to the 65K for the race, there were more people in boats watching that race from the lake than were IndyCar fans watching the 2014 IndyCar season finale in the Fontana grandstands. Just sayin...That's some resurgence modern IndyCar has going. Almost profitable, nobody in the grandstands and TV ratings dropping 61% at some tracks in the series. Business model..."CRAZY" as said by a NASCAR track general manager. Yup, this thing is purring like a cat! Sponsors...send them your cash, pronto!!! LOL, not a chance.

  4. I'm sure Indiana is paradise for the wealthy and affluent, but what about the rest of us? Over the last 40 years, conservatives and the business elite have run this country (and state)into the ground. The pendulum will swing back as more moderate voters get tired of Reaganomics and regressive social policies. Add to that the wave of minority voters coming up in the next 10 to 15 years and things will get better. unfortunately we have to suffer through 10 more years of gerrymandered districts and dispropionate representation.

  5. Funny thing....rich people telling poor people how bad the other rich people are wanting to cut benefits/school etc and that they should vote for those rich people that just did it. Just saying..............

ADVERTISEMENT