Ron Paul: If Obama wants us to be “grateful” he should just leave us alone




Ron Paul appeared on David Asman’s America’s Nightly Scoreboard on Fox Business to discuss tax policy, the economy, and the federal government’s hostility to Americans’ beliefs.

Date: 10/20/2010

Transcript

David Asman: Hi everybody! I’m David Asman. Thank you for joining us. Kicking off tonight, are you better off than you were two years ago? Well, according to most polls, most folks don’t believe they are. But the president and his advisers say, “You should feel better off”, that things really are better off than they were.

Robert Gibbs: “By virtually any measure, our economy is in a better place than it was two years ago.”

David Asman: And, for those who complain about taxes, well, the president slaps down that complaint saying we should be grateful for his tax cuts.

President Obama: “One third of the Recovery Act was made up of tax cuts. Tax cuts, that already provided more than $160 billion in relief for families and businesses.”

David Asman: So, why is it that while the president says we’re paying less in taxes, a New York Times News Poll says that fewer than one in ten people even knew that the Obama administration had lowered taxes? The thing is folks are looking around and seeing a lot of government spending, trillions of dollars of spending. and they figure that somehow, some day, somebody has to pay for all that. That’s going to mean higher taxes. That’s why consumers are spending less and why businesses are borrowing less.

Folks are socking away what they have, thinking that eventually things are going to get worse. And, the fact is that state and local taxes have been going up, way up, leading to smaller paychecks. We’re also getting nickel and dime to debt by all kinds of hidden taxes like all those extra taxes tacked on to your phone bill, if you looked at those recently. And then, there are the costs of things that we go out and buy at the stores. We’re being told there’s no inflation but things are costing more.

Folks feel poor and there are figures that back up those feeling. Anyone who’s been to a grocery store knows that food prices rose 1.4%, and putting gas into cars increased nearly 4%. Those are the things that matter to us. That’s what we can’t avoid, what we have to pay for.

Now, to all these complaints, the president’s supporters counsel, “patience”. “Two years is not a long time to come out of a really rotten recession”, they say. They remind us that it took Ronald Reagan two years to get out of the recession that he inherited and that’s true enough, but, there’s a key difference. The difference between that time and now is expectations. Expectations are what all markets are really built on, after all. And, going into 1983, expectations were high because we knew that the Reagan tax cuts were about to kick in. And, along with lower tax rates, there were fewer regulations, which also lowered the cost of doing business. Now, we face exactly the opposite scenario. Right now, tax rates are probably going up and regulations we’ve seen are already multiplying like rats.

So, is it any wonder that folks are feeling the pinch? Well, not to us and we suspect, not to our next guest, Congressman Ron Paul, who joins us now.

Congressman, wonderful to see you! Sorry you had to wait while I was ranting along that way. But, kind of makes me upset, the fact that the president and his supporters are calling us “ungrateful” for not being grateful enough to his tax cuts.

Ron Paul: Well, if he wants us to be grateful, he ought to just leave us alone. Let us work hard and keep what we earn. Now then, I will be grateful. But, this idea that the people have to be grateful to government means that the government owns us. The only thing that bothers me is that you can’t cut taxes on a person because it will be a cost to government? You’ve heard that. Then the assumption is that the government owns everything we earn and if you cut some taxes, then it costs government. It should be the other way around, everybody that earns something is theirs and the government is coming to take something from you.

David Asman: Absolutely. Everything the government has comes from us, the private sector. I mean, maybe they can sell a little land here and there, but bottom-line is we’re not taking from them. They’re not giving us tax breaks. They’re taking everything they have from us, even if they are borrowing money that they don’t have, right?

Ron Paul: Yeah, they’re likely to fall back and say, “Well, we’ll just raise the corporate taxes and tax businesses. They’re making all the money.” But, how long did it take the insurance company to pass on their anticipated increasing cost with this medical dill? They’ve already raised their rates, so that was regulations and taxes like you mentioned on your opening statement. These are all costs that get passed on. So, in a technical fashion, there’s no such thing as a corporate tax or a business tax, it’s all people’s taxes. They have to pay for it or these companies can’t provide the goods and services that we want.

That’s why, I think, it’s so nice to defend the marketplace and the free market and say, “No taxes are best”, or very, very little taxes and people would be more prosperous. People, why they’re feeling so poor is that the real standard of living has been going down for ten years. Real wages and there hasn’t been good jobs. I date it from the year 2000, I think we’ve been slipping, losing the jobs and people know it. The cost of living is going up. And unfortunately, you’re exactly right, the anticipation that this is going away in a year or two, I’ve talked to some people today down in my district, and they say, “How am I going to raise my kids?” They’re looking to the future and they really feel despondent. We’re living in a pretty good area. Texas is not as hard-hit as some others, but there’s still a lot of people here that are worried about the future, so they pull back on their wants.

David Asman: On expectations, markets are all about expectations. That’s what makes stocks go up or down, the expectation whether to do well or not. Our expectations now are that somehow, some way, we got to pay for all this spending, and that usually means doesn’t mean they’re going to cut something else; that they’re going to keep everything the same and charge us more in taxes.

But, let’s drill down a little more on the regulation idea because already we’ve seen in the Health Care Bill, this 1099 provision that forces all businesses to account for every single expense above $600. That means a whole new slew of bookkeeping that small businesses can’t afford. The Financial Regulation Bill creates hundreds of new regulations. It has at least eight new agencies themselves, each one of which will probably hire hundreds, if not, thousands of bureaucrats and create regulations and then, the existing agencies that we have. Regulations from things like OSHA are multiplying. We’re horror stories from small businesses, mom and pop stores, saying that OSHA inspectors are coming in and drilling in like they never have before. These all cost money and the cost of doing business is skyrocketing.

Ron Paul: I don’t have any trouble condemning that because it’s obvious there’s a cost and we shouldn’t be doing it, but really, what bothers me is philosophically, they shouldn’t be writing these. The Constitution is pretty clear about only Congress writes the laws, but we create these creatures and then we just turn them loose. And they write regulations and they are the law, they are the force of law. But I don’t think the founders ever intended to have these thousands and thousands of pages in the Federal Register which are the law. And, nobody can read them and understand it. I mean, who can really understand the tax code, let alone all these EPA regulations. And then they say, “I wonder why our companies want to go overseas?” We’re just chasing them away. It’s such a tragedy under these circumstances.

David Asman: And then there’s another creature that our founders never envisioned, and that is the Federal Reserve Board, an institution which you love to opine on. They claim, or at least a lot of them, because there is some pushback now from some members of the board, people like Richard Fisher in Dallas and so forth, but they claim that we have no inflation and therefore, we can take a little more inflation, and therefore, we can buy some of this government debt that has been run up by the government to the tune of an extra $100 billion a month. That’s what some of these officials are saying. When are we going to feel or have we already begun to feel the effects of this? Because, I think we have when we go out shopping.

Ron Paul: Yeah, I think so. People know the prices are going up. But you know, that emphasizes the difference between the Keynesian definition of inflation versus an Austrian. Keynesians say, “When the prices rise,” but the prices go up as a consequence of inflation. Inflation is when you increase the money supply. So, we’ve had inflation when Greenspan had interest rate of 1%. He did that through inflating the money supply. And just think, with what Bernanke has done since then, doubled the money supply. There again, he spent $2 trillion bailing out his buddies. That’s unauthorization and appropriation and it’s off the books. We can’t even find out what they did.

So, it is so out of control. The one thing though, I think we all should be grateful for, is more and more people now understand that the Federal Reserve is very, very important in the problems that we have. It used to be said that, “Oh, the Fed creates good times and takes care of us when we have bad times.” But I think, those are days that have gone and passed now because I think, people now realize the Fed is responsible for so many of our problems.

David Asman: I think they do get it and that is what makes me very optimistic about the future and particularly, what’s coming in the next election. Stay with us if you can, Congressman. I want to bring in our panel as well, Fox News contributor, Andrea Tantaros and Steve Malanga, Senior Fellow at the Manhattan Insitute.

Steve, one thing we haven’t talked about is the fact that the President’s tax cuts don’t make our tax codes smaller, they make it bigger. Because, along with these “tax cuts” are all these provisions; in order to get this tax cut, you have to do this and you have to do that. We have to be more green or you have to be more this. They’re real attempts of social engineering.

Steve Malanga: That’s exactly the point. The President is saying, “Why don’t people acknowledge my tax cuts?” Well, the tax cuts are not in the form of “Gee, let’s cut your tax rate”, instead they’re in the form of “Let’s achieve social ends”, making work pay, earned income tax credit, education.

David Asman: Putting windmills on your backyard?

Steve Malanga: It’s all about credits. First of all, not everybody takes them because it’s very complex, they don’t understand. Secondly, when you cut people’s tax rates, when they walk into the office and they get their next paycheck, there’s more on the paycheck. That’s not what’s happened when you have all this social engineering. It’s the way Democrats, and also a lot of republicans unfortunately, think they want to cut taxes these days.

David Asman: Well, Andrea, despite all the rhethoric that Tea Partiers are racist, the Tea Partiers are dumb, the Tea Partiers don’t get it. They do get it! And people, for example like Joe Miller in Alaska who, by the way went to West Point and by the way went to Yale and by the way is a very smart economist like Dr. Paul is, they do get it. They’re beginning to understand and it is going to translate, I think, in the next election, isn’t it?

Andrea Tantaros: Absolutely! But if you look at what the administration is saying, they are assuming that we don’t get it. They’re assuming that we don’t understand at all and the only time conceded any liability…

David Asman: But isn’t that assumption dumb?

Andrea Tantaros: It’s very dumb. The only liability they’ve conceded…

David Asman: I mean, just wake up and smell the coffee, you know.

Andrea Tantaros: The only lliability they’ve conceded, David is that they have a communications problem; that they didn’t communicate, that we’re too dumb to get it. They’ll probably say that we’re too dumb to get the facts that they actually passed these tax cuts in the stimulus. The problem is they pass these complicated tax cuts, like Steven said, with a carrot, an organic carrot, that made it tougher for businesses to get them, to do business. They pass them with massive spending that’s going to drive up taxes. No wonder there’s uncertainty. Businesses don’t know which end is up.

David Asman: You know, Dr. Paul, I was hearing the same kind of talk back in 1979 against Reaganites saying, “Oh, these people are so naive about their understanding of government saying that government is the problem not the solution. That kind of rhethoric won’t get anything. First of all, it won’t get Ronald Reagan elected. Secondly, if he is elected, he’s a one-termer because his policies are going to fall apart.” We’ve heard this rhethoric before haven’t we?

Ron Paul: Oh, absolutely and they always assumed that if Reagan had been nominated or would be nominated, he’d be an easy target. But talking about them assuming that the people are dumb, I was sitting on the House Floor once, we passed a bill which we shouldn’t have passed and I looked to another member. I said, “Why did you vote for that? You’re just telling people what to do with their lives.” He says, “They’re too dumb.” He says, “We have to tell them.” This came from a Congressman and I was just dumb-founded because it’s so opposite of what everything I believe, but there must be a lot of them in Congress that actually believe that. Whether it’s your social life or whether it’s your economic life, people, they assume, are too dumb and therefore they need these wonderful people, the bureaucrats and these good politicians that know how to tell you how to spend your money.

David Asman: Well, guess what, they keep thinking like that and they’re not going to be long for their positions.

Ron Paul: There you go!

David Asman: Congressman Paul, great to see you again. And Steve and Andrea, we’ll see you later. We’ve got a snazzy new website, by the way that we’d love for you to check out.



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169 Comments:

  1. 100 billion for usa

    1 trillion for war

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  2. Obahma has to be the worst president in U.s history .'.

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  3. Stop whining and get your republic back again then.

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  4. R.P. 2012

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  5. Go to the Facebook page of US Senator John Cornyn ( search for, John Cornyn, in Facebook ), ( NB his page with the color photo of Cornyn, as he has more than one Facebook page ), look in the, " Just Others ", section of Cornyn's Facebook page, and you will find some right loons there, one of them is a character who calls himself James Price, another is a Jonathan Gal. Are either or both of them LaRouche PAC nutters, you will have to work that out for yourselves.

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  6. obama and Merkel ,are, blockhead,and dunderhead ...!!
    people are intelligent,haha....but ..!! .....they dont know it !! they are very good !

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  7. 0:40 You know Obama is lying when his mouth moves.

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  8. WOW THIS WAS ON FOX!?!? the end must be here.

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  9. Ron Paul for president

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  10. TeaPartyForRaHoWa88

    Ron Paul is right!

    Small government is what made this country great!

    Since Obama isn't a real American, he can't appreciate that! Communist Kenyan Muslim Jihadists don't understand that small government, freedom, Capitalism, and traditional Christian values actually WORK out pretty well!

    Let's talk abolishing the FED & eliminating all entitlements. Let's end Social Security, Medicare, Medicaid & cut out all welfare payments going out to ghetto low-lifes.

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  11. Ron Paul: a real "relieve" for the American People!!

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  12. You can claim common law in certain states on taxes.

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  13. http://endtheecb.ning.com/video/rolling-stones-sympathy-for

    Satan (Lucifer) and the money changer (s) (austrian´s)– one and the same.

    It was our freedom from responsibility that killed the Kennedy´s!

    It’s a f…..g prophetic tune.

    Rock on

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  14. They changed the tax bracket this year. Check it out. It puts me in a higher tax bracket thus increasing the amount I owe. Just because you heard the dems say they decreased taxes doesn't mean when you ask actual people that they had their taxes decreased. They play tricks so they can say one thing and do another. Like decreasing the amount people in a certain tax bracket owes but decreasing the amount of people in that tax bracket. Don't feel bad. Some people are easily fooled.

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  15. WHY WE NEED TO ADOPT MATHEMATICALLY PERFECTED ECONOMY™ IMMEDIATELY

    Across earlier history, it was possible at least for truly free implementations of barter to impose no imperfection upon their subjects. Free, unimpeded barter allowed people to produce to natural capacities, and to obtain for our own production whatever we deemed to be equal, undiminished measures of the production of others.

    These core objectives comprise the standards of any monetary "economy" which truly serves humanity, because contrary to the intended faults of imposed monetary systems, it is possible and obviously desirable to trade by universal tokens of wealth, without involuntarily sacrificing ever more to irreversible multiplication of debt by interest, and without suffering systemic collapse as an inevitable consequence of irreversible multiplication of debt.

    Virtually all modern "economies" have been imposed upon the subject societies; and we know this at least because in every case it would have been impossible for the subject people to have approved veritable, justified principles, because the means of taking from them is irreversible, unjustifiable multiplication of debt in proportion to the people's means. That is, merely to maintain a vital circulation subject to interest, it is necessary to re-borrow whatever the people pay toward interest and principal obligations, which thus perpetually increases the sum of debt so much as periodic interest. Incontrovertibly then, any monetary system subject to interest imposes upon its subjects an ever escalating dispossession which inevitably culminates in collapse: because debt is multiplied in proportion to means, ultimately a sum of debt is engendered which the system can no longer afford to service.

    So the faults of modern purported economies are intended to take from us exceedingly and without justification; and all of us can know this with certainty from the further obvious facts that we are persistently refused representation even while mathematically perfected economy™ is demonstrated to be the only prescription for perpetual full, unimpeded, undiminished, sustainable prosperity.

    WHY MATHEMATICALLY PERFECTED ECONOMY™ IS VITAL TO RESTORING REPRESENTATION

    Thus representative governments have been usurped by the central banking systems of the world; and representation can only be restored by establishing mathematically perfected economy™, because mathematically perfected economy™ alone removes the usurpers and means of usurpation from the subverted political equation.

    HOW MATHEMATICALLY PERFECTED ECONOMY™ SOLVES ALL ECONOMIC ISSUES

    Interest is eradicated in mathematically perfected economy™. Thus there is no artificial multiplication of debt in proportion to the circulation, or inevitable collapse; and so, rather than dedicating the circulation ever moreso to servicing debt, the entire circulation is persistently available to the original purpose of sustaining intended commerce.

    As all production can be financed by mathematically perfected economy™, it is not even necessary to borrow money at interest, because mathematically perfected economy™ makes interest free obligations available to sustain payment for all wealth. Contrary to debts subject to interest, the obligations of mathematically perfected economy™ simply require that we pay for the related asset as we consume of it.

    Because mathematically perfected economy™ finances all wealth, and because the obligation is to pay at the rate of consumption, everyone pays for everything with whatever they deem to be an equal measure of their own production; there is no inflation or deflation; there is no multiplication of debt; there is always sufficient circulation to pay all debts; the system is perpetually sustainable; and, just as in perfected barter where the quantity and state of wealth represent the wealth, the circulation and rate of payment in mathematically perfected economy™ endow the currency with perpetually persistent value, because every unit of the circulation is always redeemable in the very state of the wealth it is intended to represent.

    EXAMPLE

    For example, a $100,000 home with a 100-year lifespan would be paid for at the overall rate of $1,000 per year or $83.33 per month; and the earnings this alone would immediately free should we implement mathematically perfected economy™ immediately, reflect the degree to which we would prosper further, without any other improvement whatever.

    But at the same time we would be financially enabled to develop and succeed in far more industry and employment, with far more tolerance for earnings and success. Even college students for instance could afford new homes during their education for far less than they might presently pay for far less substantial accommodations.

    METHOD OF TRANSITIONING TO MATHEMATICALLY PERFECTED ECONOMY™

    The general method of transitioning to mathematically perfected economy™ is re-financing all debt without interest, subject to a schedule of payment equivalent to the rate of consumption. It is possible therefore to immediately avoid economic collapse, or further economic injustice, by transitioning to mathematically perfected economy™.

    HISTORY

    I originally published mathematic proofs that any purported economy subject to interest inevitably terminates itself under insoluble debt, and that there is one and one only solution to 1) inflation and deflation, 2) systemic manipulation of the cost or value of money or property, and 3) inherent, irreversible multiplication of debt by interest (altogether which comprise mathematically perfected economy™) in 1979.

    ALTERNATIVES CANNOT SAVE US

    Many people adopt the mistaken disposition that alternatives can serve us, or that we are served by pursuing typical, incremental patterns of change. Largely, these attitudes only pave the way for persistence of the imposed systems, because one and one only proposition solves the breadth of issues, and because we need to solve them immediately.

    RECOMMENDED COURSE OF ACTION

    The recommended course of action is 1) to proliferate our understanding of mathematically perfected economy™; and 2) to adopt a constitutional amendment immediately transitioning to mathematically perfected economy™. We can only secure economic justice by spreading this information ambitiously, and thereupon, by asserting our right to proper, true economy.

    Our necessary achievement of perfected economy therefore depends on you: It depends on your bringing everyone you can to this material; it depends on your understanding and prolific discussion of this material; and finally it depends on your asserting your right to it.

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  16. Hello. I agree that we support Obama a lot. Maybe because we are thinking that's he is the best among the US politicians, not beeing interrested enough to follow in detail the politics news and beeing told that conservative republicans are" dangerous extremists isolated in their Texas farms but at the same time dangerous" ( you could see on the TV news jounal France 2 several reports on Christian communities of the South that only selected images following this point of view). As a French, I am

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  17. Following the Midterms from France, I'd just say this is so comical. People are hating Ron Paul, disagreeing with his opinions on foreign policy, the value of dollar or the US debt while all around the world most peoples and their representatives are exactly agreeing with him. Is this man dangerous enough for your politicians to be censored ? The USA used to be loved by us, other countries, for your promotion of liberty. Today, you have as much Big government and lying insane politicians as w

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  18. Tonight Mike is going to talk about how we the people are killing ourselves… what the effects of division are. He´s going to dispel all the plagiarism and contending theories — disprove all of them. Then in the third show, he´s going to round all this out into a firm understanding of solution. So, there will be three programs, the set of which are the whole picture — a complete prescription for how to do the revolution.

    http://www.tnsradio.ning.com at 3 PM to 6 PM Pacific Time

    Warm regards,

    Friends of MPE

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  19. stupid fox as usual.... the reason we're worse off now than 2years ago is due to a system supported by Reps and Dems. dont turn around now and try to pin it on a Dem president. youre a base thats being whipped up by a GOP so it could get power, its a cycle.... 2008 was Dems turn, now its Reps turn. then itll be Dems again.

    find your local Independent and support them. both parties complied in this collapse

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  20. Meet the new boss, same as the old boss.

    Ron Paul 2012!!

    Dont get fooled again!!

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