Gary Johnson was the Governor of New Mexico from 1995 to 2003 and campaigned for the 2012 Republican presidential nomination. In December 2011 he announced he would pursue the presidential nomination of the Libertarian Party for the 2012 general election. The Libertarian National Convention in May, 2012 chose Johnson as the party's candidate. In November 2014, Johnson announced he would pursue the presidential nomination of the Libertarian Party for the 2016 general election. Johnson has taken positions on many political issues as revealed through his public comments, his gubernatorial record, his Our America Initiative and his campaigns to win the Republican and Libertarian nominations.
Johnson is known for having a philosophy of limited government with "fiscally-conservative but socially-progressive views." These are sometimes described as fiscally conservative, pro-civil liberties, and non-interventionist, especially as in opposition to a large military and foreign wars.
According to a survey of National Association for Business Economics (NABE) members, 15% of business economists feel that Johnson would do the best job as president of managing the U.S. economy (with 55% choosing Clinton, 14% choosing Trump, and 15% saying that they did not know or did not have an opinion).
Gary Johnson has said that the United States is heading toward an economic crisis similar to the 1998 Russian financial crisis, and that it can be stopped only by balancing the federal budget. As such, he promised to submit a balanced budget for the year 2013 and promises to veto any bills containing expenditures in excess of revenues. He promises to look at every decision as a cost-benefit analysis. His budget would cut federal expenditures by 43% in every area, "across the board," including "responsible entitlement reform," because the "math is simple: federal spending must be cut not by or billions, but by trillions." He calls the notion "that we can control spending and balance the budget without reforming Medicare, Medicaid and Social Security" "lunacy". Johnson supports amending the U.S. Constitution to require an annual balanced budget. Johnson opposes earmarks, and would veto any bills containing them.