Paula Hawks Puts EB5 and Gear up on Chopping Block
A fiscally cautious approach would be necessary to erase Government deficits according to one South Dakota candidate for Congress.
Democrat Paula Hawks recognizes that Federal programs need to be cut to balance the budget. Two such examples immediately come to mind.
“There are some programs that I can think of right off the bat that I would (jettison) such as EB5. This is a program that never should have been reauthorized. Let’s get rid of Gear Up. The goals of the program are worthy, but we have to make sure that we are following through on those goals. If we cannot get the return on investment then that program needs to be overhauled.”
Another stark reality that Hawks envisions would be a long-term approach to cutting spending.
“There’s going to be some pain. It’s not going to fall directly on Florida, California and New York. It’s going to be far-reaching. What I didn’t say is that we are going to be balancing the budget next year, five years or possibly even the next ten years. It’s a process that we have to start now if we want to make any progress on it.”
According to Hawks Social Security and Medicaid need to be made solvent because people paid into these programs.
Hawks is challenging Republican Kristi Noem who is the incumbent for South Dakota’s lone seat in the U.S. House of Representatives.
http://ksoo.com/paula-hawks-puts-eb5-and-gear-up-on-chopping-block/
Mentions
Litigation Cases
States
- South Dakota
Securities Disclaimer
This website is for informational purposes only and does not constitute an offer or solicitation to sell shares or securities. Any such offer or solicitation will be made only by means of an investment's confidential Offering Memorandum and in accordance with the terms of all applicable securities and other laws. This website does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or any invitation to offer to buy or subscribe for, any securities, nor should it or any part of it form the basis of, or be relied on in any connection with, any contract or commitment whatsoever. EB5Projects.com LLC and its affiliates expressly disclaim any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from: (i) reliance on any information contained in the website, (ii) any error, omission or inaccuracy in any such information or (iii) any action resulting therefrom.