Today's Hotelier - June 2016 - (Page 10)
LETTER FROM THE PRESIDENT & CEO
starts at the polls
AAHOA President & CEO
hE uniTED STaTES
economy is at a critical point in history.
accord ing to t he
Fund (IMF), the ratio
of america's debt to its gross domestic product (gDP) surpassed 100 percent in 2013 and is only getting worse.
Economists largely agree: any nation
with public debt exceeding annual output is in serious trouble.
To bring our nation back from the
brink of economic disaster, we must stop
electing activists who promise something for nothing and instead turn to
the experts - american business owners who understand what it means to
invest wisely, live within your means
and avoid excess long-term debt. We
must elect business owners and reward
politicians who are fully committed to
true pro-growth policies.
There was a time in recent american
histor y when Republicans and
Democrats worked in a common-sense
approach to ensure a growing economy.
President Ronald Reagan's tax cuts
passed through a Democrat-controlled
Congress. Likewise, President Bill Clinton
passed a sweeping welfare overhaul
through Congress when his party was
in the minority.
That kind of cooperation led to real
results. From 1983 through 2000, the
average annual real gDP (adjusted for
inflation) was 3.8 percent.
Since 2001, our national debate
has turned increasingly divisive. and
the economy has suffered, producing
an average annual real gDP growth
of just 1.77 percent. This 50-percent
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growth-rate drop has helped trigger an
explosion in our national debt. In just
15 years, america's national debt has
increased by an astonishing $8.7 trillion.
The link between slow economic
growth and exploding national debt is
undeniable. Economic recovery starts
at the polls. City by city, state by state,
and throughout our federal government, we must forget party politics and
simply elect politicians who embrace
american small business owners hold
28 million votes. This November, let's
use that voting power to help repair our
economy and restore the integrity of
Table of Contents for the Digital Edition of Today's Hotelier - June 2016
Letter From the Chairman
Letter from the President & CEO
Captive Insurance: Turning an expense into an asset
Compliance & Legal
Women Rising: Knocking down barriers
Sales & Marketing
The Magic 11: Essential qualities of successful hotel owners
Behind the Scenes
AAHOA Founding Members
Today's Hotelier - June 2016