August 2007

You are browsing the archive for August 2007.

High Risk Credit

Leave a response

by Ron Paul As markets went on a rollercoaster ride last week, our economy is coming close to a day of reckoning for loose credit policies being followed by the Federal Reserve Bank. Simply, foreign banks we have been relying on to buy our debt are waking up to the reality of much higher default […]

High Risk Spending

Leave a response

by Ron Paul Last week this column addressed the train wreck that federal spending has become. To score political points politicians will make loud noise about fairly small matters such as earmarks, even while refusing to address the real problem. Namely, that our federal government is too big and does too much. Politicians prefer to […]

As Recess Begins, Spending Spree Continues

Leave a response

by Ron Paul These last few weeks the House has been in a rush to pass spending bills before August recess. In fact, visitors walking the hallways of Congress become immediately struck by the apparent spending battle between the “conservative Democrats” of the so-called “Blue Dog Coalition,” and the Republican Study Committee, or RSC, generally […]