Jon Huntsman enters White House race

Republican Jon Huntsman, President Barack Obama’s former ambassador to China, entered his party’s 2012 presidential race on Tuesday pledging to make the “hard decisions” to deal with America’s debt.

“I’m a candidate for the office of president of the United States of America,” Huntsman told supporters at Liberty State Park in New Jersey, with the Statue of Liberty in the background. The site is where former president Ronald Reagan launched his bid for the White House in 1980.

“For the first time in our history, we are passing down to the next generation a country that is less powerful, less compassionate, less competitive and less confident than the one we got,” Huntsman said. “This, ladies and gentlemen, is totally unacceptable and totally un-American.”

Huntsman (51) is one of the few Republican hopefuls who worries Obama’s re-election team. Fluent in Mandarin Chinese, he upset the White House in April by quitting his job as ambassador in Beijing, a post he held since 2009, to return to home to plan his election campaign.

If he picks up traction in opinion polls, Huntsman could be a rival to former Massachusetts Governor Mitt Romney for the role of the moderate Republican candidate.

‘This guy is different’
Huntsman called for “broad and bold” changes to US tax laws and regulations and said America should seek energy independence and boost job creation, but gave no specifics on his plans.

“We must make hard decisions that are necessary to avert disaster,” the former Utah governor said, painting a bleak picture of what it would mean for the country if it does not reduce its debt load.

“If we don’t, in less than a decade, every dollar of federal revenue will go to covering the costs of Medicare, Social Security and interest payments on our debt. Meanwhile, we’ll sink deeper into debt for everything else — from national security to disaster relief,” Huntsman said.

Congressional Republicans and Democrats are debating how to bring down the US deficit and reduce federal spending. But those talks have made investors worldwide jittery as it raises the spectre, however small, of a US debt default.

Standard and Poor’s said on Tuesday that the risks of the US losing its prized triple-A rating over the medium term have increased as the country faces a political impasse and nears its debt ceiling. Fitch ratings also said on Tuesday that it saw risks of a debt default in the US.

The Obama administration has warned it will run out of money to pay bills if Congress does not raise the $14.3-trillion debt limit by August 2 — a prospect that could push the country back into recession and upend financial markets.

Huntsman said he tackled many of the same issues in Utah and managed to keep the state’s AAA credit rating.

A campaign video show on Tuesday characterised Huntsman as a different candidate — a man who dropped out of high school to play in a rock band and who can speak Chinese, who prefers a greasy spoon diner to a fancy restaurant.

“Decent, calm, firm, and disciplined. No drama,” the video declares. “This guy is different.” — Reuters

Advertisting

Senior SANDF colonel involved in an alleged business scam

A senior soldier who is part of South Africa’s peacekeeping missions is accused by her colleagues of swindling them out of of hundreds of thousands of rands in a nonexistent business deal

AU pushes the frontiers of transitional justice

Now these important policy developments must be implemented

Mass store and job cuts at Massmart

Changed market conditions and an appalling economy has hit low end cash-and-carry outlets

Courts to guide land expropriation

Two bits of law need to be approved before a court can decide if land owners will be compensated
Advertising

Press Releases

New-style star accretion bursts dazzle astronomers

Associate Professor James O Chibueze and Dr SP van den Heever are part of an international team of astronomers studying the G358-MM1 high-mass protostar.

2020 risk outlook: Use GRC to build resilience

GRC activities can be used profitably to develop an integrated risk picture and response, says ContinuitySA.

MTN voted best mobile network

An independent report found MTN to be the best mobile network in SA in the fourth quarter of 2019.

Is your tertiary institution is accredited?

Rosebank College is an educational brand of The Independent Institute of Education, which is registered with the Department of Higher Education and Training.

Is your tertiary institution accredited?

Rosebank College is an educational brand of The Independent Institute of Education, which is registered with the Department of Higher Education and Training.

VUT chancellor, Dr Xolani Mkhwanazi, dies

The university conferred the degree of Doctor of Science Honoris Causa on Dr Xolani Mkhwanazi for his outstanding leadership contributions to maths and science education development.

Innovate4AMR now in second year

SA's Team pill-Alert aims to tackle antimicrobial resistance by implementing their strategic intervention that ensures patients comply with treatment.

Medical students present solution in Geneva

Kapil Narain and Mohamed Hoosen Suleman were selected to present their strategic intervention to tackle antimicrobial resistance to an international panel of experts.