Senate candidates talk economy - KSFY News - Sioux Falls, SD News, Weather, Sports

Senate candidates talk economy

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The world's largest economy is top of mind for many of us. Since the 1920's the United States has been dominant, but the 2008 Great Recession put our economy in a tailspin.

Six of the eight candidates running for Tim Johnson's Senate seat talked about the careful use of federal money with us.

"I think we need to have a proper business climate. We have to work on balancing the budget in Washington so our money is good for new businesses. We also need to have a system of civil rights in our state so that it's welcoming for everybody to come here and compete," said independent Larry Pressler.

"We're $17 trillion in debt in this country and it's one of the reasons I'm a little bit passionate on this race, and I'm a little bit hard-nosed. We've got career politicians in this race that are claiming they're fiscal conservatives like myself, but they've got a record of exploding state government and exploding spending here in South Dakota."

Gordon Howie is also a conservative. He believes current banking regulations are crippling lending.

"So, that stifles economic development and job creation, and it creates real pressure all across our state and all across our nation," said Howie.

Former South Dakota Governor Mike Rounds thinks job creation is at the heart of our economic woes.

"The way you fix that is you make it easier not harder to literally employ other individuals. You want businesses looking for more people rather than try to find a reason not to employ them," said Rounds.

Yankton attorney Jason Ravnsborg says the government is spending $two billion a day that it doesn't have.

"My solution is to cut the corporate tax rate. If we do that we can make American companies competitive around the world, because we have some of the highest taxes in the world. We cut it from 35 to 25 percent we can create 5.3 million jobs over the next ten years," said Ravnsborg.

The lone democrat in the race, Rick Weiland says voters have lost faith in the government. He thinks education will get Americans out of this financial hole.

"I really think we need to be investing more in education. I think that's the future of the country and the future of the economy of the country," said Weiland. "Washington pays it a lot of lip service and we pay it a lot of lip service even at the state level."

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