Ron Paul discusses upcoming military expenditures, foreign policy and our economy.
Ron Paul: This week we have a couple of bills potentially coming into the House dealing with foreign policy. One will be the DOD budget, which is over $700 billion, then there’s going to be a bill for the supplemental, which is the war budget.
The previous administration always brought all the supplemental war budgets up as emergency and they were highly criticized for it. But we’re still continuing that process. I have no idea how much that’s going to be, probably be a lot of pork stuck in it as well, so that’s going to be controversial.
But obviously we don’t support these wars in the Middle East and the potential of spreading these wars, it’s not a very good expenditure.
Matter of fact, the $707 billion so-called defense budget is not a very good investment as well from my viewpoint. $700 billion is support for the military-industrial complex is what I call it. There should be a distinction made between defense spending as well as military spending. Just because we put it in the DOD, it’s military for sure but it is not necessarily going to help us in defense.
With all these sums added up, what we spend it’s well over a trillion dollars a year in so-called “making us safe”. And it looks like it’s never ending. Today, we are dealing with the crisis that has been brewing over in Korea, and that is certainly a dangerous spot. But for us to be in the middle of that doesn’t make any sense to me. To jeopardize American troops in a situation like that just seems like we’re going out of our way to look for trouble.
At the same time, we have two wars going on. One in Iraq and one in Afghanistan. There’s so many shortcomings with that, as well as the provocations with the Iranians. Looking for sanctions, and the Iranians right now have agreed to accept the proposal made by Brazil and Turkey to do exactly what our government asked them to do a few months ago, and our government now doesn’t want to deal with it.
They’re willing to turn their nuclear refinement over and let Turkey take care of this, so I just don’t know what the purpose of this is. Instead, we have five aircraft carriers supposedly in the Persian Gulf and in the area around Iran. It doesn’t make a lot of sense.
The money is going to run out, and that to me is probably the end point for this, because empires tend to come to an end for financial reasons, and even though we are not suffering quite like Spain, our condition is not any better than Spain and Europe. And Europe’s in trouble with these financial problems, and someday this whole crisis, the financial crisis, will limit what we do.
Not only overseas, internationally and this war spending as well as the domestic spending. So this week, I’m not sure, I’m making this little report on Tuesday, and maybe by the end of the week we’ll have one or both of those bills on the floor, but since there’s no money in the bank, it’s all going to be debt, it’s all going to be borrowed, it’s all going to be printing press money, whatever.
But it will not be a good investment because quite frankly, that type of spending will not make us safer. I am convinced the foreign policy that we have been following for so many years makes us less safe, not more safe. So until that day comes when we can look at our foreign policy and decide that a non-interventionist foreign policy is better than one where we decide to be the policeman of the world, to get involved in internal affairs of other nations, and get involved in all the nation building… until we decide that’s not a good policy, we’re going to continue on this path of bankruptcy and actually a great more danger to the American people.
The founders had it right. We ought to mind our own businesses and live within our means. That would be our best road to peace and prosperity for all our citizens.