Date: 02/02/2011
Transcript
Stuart Varney: This morning, ADP reported 187,000 new private sector jobs added in January. That was more than expected. But this pace is still not enough to bring the unemployment rate down below 9%; not even close. Joining the company by phone from Texas — Republican Congressman Ron Paul. Congressman, you’ve been a frequent guest on this program, talking about gold, about the Federal Reserve, and about Ben Bernanke. But we’d like to ask you today about jobs; what do we have to do to spur some real job growth in America? What do you think, sir?
Ron Paul: You won’t have real growth until you liquidate all the mal-investment and all the bad debt. Everything we’ve done in the last 2 years is to prop up bad debt and bad investment and, therefore, real growth I don’t think will come very soon.
Stuart Varney: You don’t see that happening anytime soon, do you – liquidation of all the debt that we accumulated?
Ron Paul: No, we’re doing exactly the opposite. Matter of fact, the debt is still there, but taxpayers own it. The people who ran up the debt and lived high on the hog are back living high on the hog again and getting the bailout. So it’s just a transfer of all that penalty to the taxpayers so the Fed owns all this bad debt, and we’re responsible for it and that’s just going to delay the recovery; the real recovery.
Stuart Varney: I take it that you would not raise the debt ceiling? You would live within our means, starting as soon as that debt ceiling is reached. I take it that’s your position?
Ron Paul: Absolutely. And you could pay your bills as you go along, you could have priorities, you could, you know, pay the interest on the treasury bills, so there’s, the foreign holders of the debt don’t panic. You could do that, it’s not like all the money stops. I think those who are saying the end of the world will come if we don’t raise the debt limit, matter of fact, it might usher in a new era of growth if we ever got, you know, determined enough to do that. And people might say, “Hey, that is great. These people are serious, maybe it would be a real boost to our economy and restore a lot of confidence”.
Stuart Varney: You know, I’d love to take you on on this one, but the producers are in my ears saying, “Ask him about Egypt! Ask him about Egypt!” I will now defer to the producers and ask you about Egypt. I’ve heard you on this subject before, you don’t like the idea that we spend any money to the Egyptians, or virtually anybody else. That’s your position on Egypt, I think.
Ron Paul: Yea, it’s your money, you earn it, you keep it, you spend it. If you like one faction in Egypt, you send your money over there, that’s how a free society works. No, and I think the 60 billion dollars we invested for an artificial peace over there wasn’t worth it, because all it does is build up instability. We invested a lot in the Shah of Iran, but it was unstable and eventually it broke down. So I think this is somewhat similar.
Stuart Varney: Would you say the same thing about Israel, no more government money to Israel?
Ron Paul: Yea, if we cut all the money off to everybody, actually Israel comes out to a benefit because we give more money to Arab nations, when you add it all up, than we give to Israel. And this would prompt Israel to act differently and be more self-reliant and they might have a greater incentive to strike out peace agreements with their neighbors. So I think it would change the dynamic completely. But actually it would help Israel because we would send less money to their Arab enemies.
Stuart Varney: Congressman Ron Paul, I wish we had an extra 3 or 4 hours, maybe one day we will. But I can assure you, sir, that your colleague and friend, Judge Andrew Napolitano, is sitting right next to me and he will continue the debate right after you’ve left our program.
Ron Paul: Yea, and I’m sure he’ll do a better job than I.
Stuart Varney: He will just fight with me as usual. Thank you very much, Congressman. Good stuff.
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Ron paul
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Search and read “Are Evangelical Christians Warmongers” by Pastor Chuck Baldwin
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How did you even get access to the internet from Pakistan??? lol And by the way, half your country should be India, the other half should be divided between Iran and Afghanistan.
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Washington need’s a doctor, Ron Paul is the cure!
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haha i know! mine too, idiot friends who wants to feel good from Mr. Feel good speech
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you would think the merkin people would listen to sense? of course not! a merkin would keep eating mcdonalds though he knows how bad it is for him, why would you expect him to behave differently when it comes to making choices in politics? poor merkins…try to enjoy the NWO. i hear mickey d burgers will be quiet expensive then.
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Yeah, it would probably happen after next year’s election. The fed is going to artificially boost the economy, and people would be led to think Obama is good and if we don’t elect him the world will be over blah blah blah, more government propaganda and scare tactics.
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Convert your currency into liquid assets as soon as possible. Precious metals, commodities. The US gov’t WILL raise the debt ceiling, the fed WILL continue to print money, and the world WILL begin to lose faith in the dollar. Immense devaluation will ensue. If it has to do with the gov’t and fiat, get out of it as soon as possible.
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yes i am tired of foried aid to Pakistan plzz America we don’t need you aid bcoz of your fuckin bullshit aid we are fucked up our economy has been collasped! Pakistan was not failed state! BUT Martial law mother fuckers and Zardari fucked it!! Where is your foreign aid you know? in the pockets of Zardari and his motherfuckin ministers!! FUCK OBAMA BUSH AND ILLUMINATI MOTHERFUCKERS!! NO LOANS PLZZ WE ARE FUCKED UP :’(!! every thing is going much and much expensive! FUCK Current USA GOV! NO AID!
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yes i am tired of foried aid to Pakistan plzz America we don’t need you aid bcoz of your fuckin bullshit aid we are fucked up our economy has been collasped! Pakistan was not failed state! BUT Martial law mother fuckers and Zardari fucked it!! Where is your foreign aid you know? in the pockets of Zardari and his motherfuckin ministers!! FUCK OBAMA BUSH AND ILLUMINATI MOTHERFUCKERS!! NO LOANS PLZZ WE ARE FUCKED UP :’(!! every thing is going much and much expensive! FUCK Current USA GOV! NO AID!
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yes i am tired of foried aid to Pakistan plzz America we don’t need you aid bcoz of your fuckin bullshit aid we are fucked up our economy has been collasped! Pakistan was not failed state! BUT Martial law mother fuckers and Zardari fucked it!! Where is your foreign aid you know? in the pockets of Zardari and his motherfuckin ministers!! FUCK OBAMA BUSH AND ILLUMINATI MOTHERFUCKERS!! NO LOANS PLZZ WE ARE FUCKED UP :’(!! every thing is going much and much expensive! FUCK Current USA GOV! NO AID!
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he should run for president, and hopefully he can introduce a sally curb for all politicians in america they should not be allowed to vote for their own salaries
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he should run for president, and hopefully he can introduce a sally curb for all politicians in america they should not be allowed to vote for their own salaries
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he should run for president, and hopefully he can introduce a sally curb for all politicians in america they should not be allowed to vote for their own salaries
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he should run for president, and hopefully he can introduce a sally curb for all politicians in america they should not be allowed to vote for their own salaries
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he should runfor president, and hoepfully he can intorduce a sally curb for all polticians in america the yshould not be allowed to vote for their own salaries
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he should runfor president, and hoepfully he can intorduce a sally curb for all polticians in america the yshould not be allowed to vote for their own salaries
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he should runfor president, and hoepfully he can intorduce a sally curb for all polticians in america the yshould not be allowed to vote for their own salaries
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he should runfor president, and hoepfully he can intorduce a sally curb for all polticians in america the yshould not be allowed to vote for their own salaries
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America today needs Ron Paul the same as the colonists in 1775 needed Gen. Washington
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What debt?
What?, a dollar isn’t worth a dollar?
What foreign aid?
We have troops stationed in 100+ countries?
Untill “Public Education” actually educates…Ron Paul and the like have no chance of becoming President unless there is a total financial meltdown….but keep the presses running, all will be well, no worries with $8 gas, $7 milk and $1.95 shrunken candy bars the size of your pinky…
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Lisa, you think if we raise the debt ceiling that Congress is gonna spend less? That gives them a reason to spend more, and will lead them to do so. Also, I dont want to pay into Social Security for 45 years then only collect for 5 or 10. That doesnt seem right to me. Ron Paul just showed you that he has the testicular fortitude by giving the right solutions.
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Ron Paul, and all the other radical right wing conservatives, are behaving like true idiots in this situation. Of COURSE we need to cut spending and of COURSE we can’t keep up the level of borrowing we’ve been doing, but making the massive spending cuts (to the tune of $500 billion this fiscal year – the latest I’ve heard) that they are proposing in a hurried, unmeasured way is absolutely ridiculous. The plan should be to raise the debt ceiling now, and then immediately (NOT down the road some other time as Congress, both REPUBLICAN and Democrat have done) start seriously working out a spending plan for next year which takes care of some of the problems. Again, RAISE the minimum retirement age for Social Security and Medicare recipients to 70 or even 72. After all, we are all living longer now and simply by raising the retirement age for these two programs makes them both SOLVENT. It’s THAT easy. Cut out special projects, cut out duplicative agencies within the government that do jobs that could all be handled by one agency. Change the way COLA is factored for Social Security, government and military pensions. There are so many things we COULD do but we DON’T do because Congress doesn’t have the political balls to actually do the right thing. Instead of making threats which only ultimately hurt everyone, actually start making unpalatable political choices – but ones which are carefully measured. I, for one, am SO tired of all the political posturing, but lack of real progress, in Washington. All sides of the Congressional equation share equal blame because none of them are doing what they need to do. And that includes Mr. Paul’s ilk and that of the Tea Partiers. They are just extremists shouting warning signs all over the place without any real clue as to what they need to do for real.
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I would gladly take a bullet for this man
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I understand, and support RP. My questions had more to do with the fact that our Public Schools are already funded better than any in the world… but as shown, more funding doesn’t equal better results. But I agree on Foreign Aid. We are just funding an arms race and all it does is make us more enemies.
But you must cut the vitriol if you want us to win supporters and actually achieve these goals!
RP2012!
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I’m talking about cutting foreign aid to Israel completely. I agree 100% with Ron Paul. All Israel does with our money is fund their military, and buys WMDs (only nuke arsenal in middle east). Here in America we have unemployment, defaults in cities and state governments, and schools in need of money. CUT ISRAEL OFF THE US T!T CUT ALL FOREIGN AID. Let those nations throw a bakesale and lets fund our schools instead. Understand now Mr. Venereal disease.
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RON PAUL 2012~
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