Transcript
Neil Cavuto: Well whether the President strikes a deal or strikes out, one of the folks who wants to take his job says, “You know what? Just default right now because it’s eventually going to happen and later things will be a lot worse.” Republican presidential candidate, Texas Congressman Ron Paul with us right now. Congressman, a default has all these horrific images and fears attached to it, overdone or what?
Ron Paul: Well I think there are a lot of big problems and we can’t ignore it, but I see the biggest problem is not admitting that the country is bankrupt, and if you don’t admit that is the true problem, then you’re not going to have it, you’re going to have this bickering back and forth and you won’t come up with an answer.
But when a country the size of ours gets to the point of bankruptcy, the debt is always defaulted on, there’s no doubt about it, and this has been known long ago as Adam Smith who would argue this case. But there’s only two ways you can default, one is through the deflationary process where debt is liquidated and the other is by debasing the currency, and politically it’s always easier to debase the currency and have the debt liquidated in real terms, than it is to allow the bankruptcies to come. I mean, we didn’t permit the bankruptcies four years ago, and the problems got worse, our debt exploded. So they’re terrible choices, but the worse choice is pretending that the bankruptcy isn’t before us and we don’t have to admit the seriousness of the problem and address it.
Neil Cavuto: You know, that’s a brilliant point because, you know what I’ve always been amazed by Congressman, how did we sustain the AAA rating we have for so many years?
Ron Paul: Well you have to remember who gave us the AAA rating, they’re the ones who gave pretty good ratings to Fannie Mae and Freddie Mac…
Neil Cavuto: Very good point.
Ron Paul: Did they warn us about the disaster coming? No. You have to look to the free market economists to get the real rating.
Neil Cavuto: Yeah that would be like me offering dietary advice, not a good idea. So let’s move on, Congressman and get your sense of what happens August 2nd assuming there’s no agreement here. To hear the President tell that we default, but technically that’s not true is it?
Ron Paul: No, it isn’t true, I mean you pay your bills with your cash flow and you pick and choose what you have to pay, so you don’t default on the debt. You might have to default on some of the agencies of government, but you could pay your Social Security and you could pay the necessary things that have to be done, but there’s a lot of bureaucrats that aren’t all that necessary, so there’s a lot that you could do. But it would be facing up to the facts that you have to deal with it, you have to end up spending money, but August 2nd I think is a fictitious date, there’re already many billions, maybe $75 billion over the debt limit already. And so I think the August 2nd date is more related to the individuals who have trips planned in August and want to clean up this mess. And for that reason, if they don’t come up with an agreement pretty soon, I think they’ll have a temporary agreement that the President says he doesn’t want, but when push comes to shove just like on the CR, they kept having agreements, agreements, agreements when they met the deadline. So I think that will happen because they scared enough people but…
Neil Cavuto: Oh absolutely, you were referring to a continuing resolution and this is the game [inaudible] but you know, you’re interestingly pointing out something I’ve long suspected that obviously the demagoging this whole issue of the debt limit and the horrendous things that happened in the event we don’t increase it, never mind the fact that dozens of times in the past we have and we only revisit the same problems that had brought us to this abyss.
And there must be a growing chorus of folks who are beginning to see things that way, Congressman, or else you wouldn’t be doing as well as you are in the polls. I saw one that has you almost tied with Barack Obama. So there might be a sense here that you’re on to something and not on something.
Ron Paul: Obviously we are onto something, something called the American tradition, so it’s not that I have anything brand new, but I’m trying to revive the American tradition of individual liberty and self-reliance and sound money and a sensible foreign policy and balancing the budget and living within our means, so that is not too strange. But because the country is in such bad shape, they are looking toward us.
But I think the reason I do well with Independents and Democrats is because I work with Independents and Democrats on issues like transparency of the Fed, a foreign policy that is different, monetary policy where we just don’t print money when we need it, and actually seriously talking about a balanced budget, so that has an appeal, as well as on civil liberties. Most Conservatives give lip service to it and Liberals do as well. But people have had their liberties violated when you think of what the Patriot Act is doing and what we put up with…
Neil Cavuto: No, I agree, I don’t want to go to those issues if you don’t mind sir, but I do want to raise one with you concerning this budget impasse, the President’s performance last night that I kind of like into sort of a Rod Serling moment, it was bizarre and we were covering it live on Fox Business which, Congressman, if you don’t get, you really should demand, but I digress, and one of the themes that kept coming up was how angry and disappointed he was at Republicans for bringing us to the brink. If there was a demand on the part of the President as he essentially said “Get in here right now, I want to talk to all of you guys and settle this,” would you go?
Ron Paul: No, I would be pretty annoyed; I was annoyed at him instructing Boehner and the Congressional leaders, “You get up here at 11:00 o’clock.” So it’ll be interesting to see if they weren’t there at 11:00 o’clock, and sometimes you could make the case that since the Congress is in charge of the purse, maybe the President if he was really a leader and wanted to bring people together, maybe he would say, “Mr. Boehner, could I come over and visit with you, I’d like to talk this over with you.” I think that would be a gracious way of dealing with this problem rather than shouting at each other and blaming each other and instructing the leaders of Congress. See, I don’t like a very powerful presidency, I’m not in this campaign for that purpose, because I think the Congress should express themselves more, and more responsibilities on the Congress, so I would treat this quite differently than the attitude of the
President is currently doing.
Neil Cavuto: all right, Congressman it’s always a pleasure, thank you, sir.
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11.11.2011 11:11 revolution peace demo worldwide ! Be part of it !tell all your friends about it. We are the people and together we can do what ever we want !
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I’m registering republican just to vote for Paul in the primaries, then it’s back to libertarian. If he doesn’t get the nomination I’m writing him in.
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I’m registering republican just to vote for Paul in the primaries, then it’s back to libertarian. If he doesn’t get the nomination I’m writing him in.
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AMERICAN TEXTILE JOBS OUTSOURCED TO SWEATSHOPS IN EL SALVADOR= VOTE RON PAUL 2012!
»crosslinked«
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Ron Paul Policies:
Let’s close the 900 militry bases around the world.Bring trillions home.Be friends with countries associate with none.let’s end the Federal reserve(Thieves/Investigate) Shrink the Government by 50%.The bigger it get…the less grab we have to place things in order.Reopen of 9/11,Elimination of IRS if possible. Amazing integrity of ron Paul.No other candidate has that Period.Never voted in his life to raise taxes. Ron Paul all the way.
Big bonus in your paycheck.
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Copy and paste in youtube:
CIA Corruption – CIA Drug Trafficking
The Obama Deception HQ Full length version
Ron Paul vs Bernanke: Is Gold Money? – July 13, 2011
SEN. SANDERS GOES OFF ON BERNANKE_ 03/03/09
Alan Grayson (HD): “Which Foreigners Got the Fed’s $500,000,000,000?” Bernanke: “I Don’t Know.”
So there you have it.And do not worry.I am not expecting you to thanks me. Michele Bachmann? Not a chance.She is coming from no where.Ron Paul amazing reputation
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Ron Paul will not win the presidency because the people of the US for some reason don’t like to hear the truth. They would rather be lied to and think they are safe from government. What a shame.
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2013 is Mark of the Beast year
It is the Hexagram (Seal of Solomon, six pointed star)
Name of a man = Solomon
Number of its name = 666 talents of gold collected by Solomon in one year
Three pairs of triangles with their apexes touching. Each pair collectively represents the number 6, which qualifies the whole symbol as a graphical representation of 666
Solomon was the apostate king of israel that led judah into idolatry and worship of Satan
Read my channel!!!
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Ahhh… remember when our government wasn’t as big as it now and remember how good life was?
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you know what crazy is doing the same thing twice and exspecting a different result dont vote obama again on a second term and exspect things to change
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Cant wait till Ron Paul wins the election and fucks up the country even more i wonder what are these obama haters gonna say hmm hes diong a much better job than bush did and bush set the next president up for failure with the way he screwed up the country is a wonder how obama did so much better than him but anyway im waiting for 2012 election i bet ron paul will and Fail twice as hard as obama or bush
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I want you to get up now. I want all of you to get up out of your chairs. I want you to get up right now and go to the window, open it, and stick your head out and yell, I’M MAD AS HELL AND I’M NOT GONNA TAKE IT ANYMORE!
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RON PAUL JUST PROVED that barry seotoro is even acting like a damn dictator the last minute or two of this video. lol. It’s not rocket science o zombie’s. barry seotoro is a muslim dictator. when muslims wanted to build a mosque RIGHT Near the 9 11 site, did barry seotoro say a damn thing AGAINST it? NOPE. did he send troops to libya WITHOUT APPROVAL of 2/3rd’s vote from ALL congressmen? YES. lol. it’s not hard to realize people. HE WAS THE ABSOLUTE WORST CHOICE IN 2008. RP for 2012!! ftw!
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This man started his career by delivering 3,000 babies–how natural it would be not to kill America’s finest via war–I think America needs Ron Paul more than anyone else running!! Life is meant to be enjoyed–not traumatized by a bunch of political drama kings.
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If you love this country, you have NO choice but Ron Paul. He shoots straight from the hip and is unafraid of the puppeteers. I feel sorry for our president. I don’t think he has any choice in what he says or does. He was a scapegoat from the beginning! Let’s pray for him to find peace and happiness as he LEAVES the White House!
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If you have a brain, and love this country like I do, you have NO choice except Ron Paul. He shoots straight from the hip. I believe in him because he believes in this country and ALL OF US!! He is no doormat and he is unafraid of the puppeteers! I feel sorry for our president. I don’t think he has any choice in what he says or does. He was a scapegoat from the beginning! Let’s all pray for him to find peace and happiness as he LEAVES the White House!
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Thumbs up if you are voting for Ron Paul!
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Highly rated. What do you think?
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Well, if it isn’t a New World Order, then damn, the debts of the other parts of the world are certainly affecting us in a wrong way ? The financial markets of the world except for Asia are about to fall on their face ! What kind of order is that ?
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Obama: Yes we no can
Dr. Paul: We can and we will.
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Obama: Yes we no can
Dr. Paul: We can and we will.
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A Whole lot of his supporters question the accuracy of the 911 Commision report. There is a substantial movement worldwide amongst arcitects and engineers, who are doing their own research, to revisit the findings of the Commisions report. They think it’s Bull Shit! Where will Dr. Paul stand on this one?
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ron paul has never really been seen as a threat to the power elite. sure his ideology was a threat but as long as he just remained another libertarian “fringe politician”, rejected by his own party and seen as a joke…there was nothing to worry about. now his ideas are catching on, his influence is growing, he may even pose a significant threat in the republican primaries. the elite have reason to fear him. i honestly believe if he gets close his life is in danger.
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dr paul was one of the freedom loving congressman who voted against the patriot act. i believe he would work his ass off to repeal it.
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well at least i can say neil seems to be a little more respectful and accepting of ron paul and his views. hes definitely not there yet but its nice to see a fox news reporter not consistently cutting off dr paul before he can get his point across.
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I think the biggest problem with his rhetoric is that the country doesn’t have to go into bankruptcy. We could easily raise taxes and cut spending to close the deficit in the yearly budget. Then we need to cut or tax a bit more to create a yearly surplus that, when compounded over time, can cover our expenditures and gradually pay off the debt. We could do this in conjunction with mildly inflating the currency. I don’t see why we should risk the economic collapse of the country instead.
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I’m reading this comment thread and it frightens me how ignorant and uneducated my country is becoming. Ron Paul 2012 because I love my country and still believe in her…
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YES! Not what he can do for us, other than open the opportunities that we need to help ourselves! Yes! You “get it”!! Rock on!
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Real enemy of Greece, Europe & America – Jew
Goldman Sachs CEO, Lyold Blankfein is Jew
Deustche Bank CEO, Yosef Ackermann is Jew
IMF Deputy CEO, John Lisky is Jew
Ex IMF CEO, Dominic Strauss is Jew
World Bank CEO, Robert Zoellick is Jew
Fed Chairman, Ben Bernanke is Jew
Ex Fed Chairman, Alan Greenspan is Jew
Obama Treasury Secretary, Timothy Geithner is Jew
George Bush Treasury Secretary, Hank Paulson is Jew
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Donald Trump For President!!! Then maybe US would get there shit together! US is Fucking it up for every one!!!! Good job US
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Did Ron Paul just say America should accept its bankruptcy?
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Ron Paul is one of the only people in DC that makes sense when he speaks!
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Ron Paul is one of the only people in DC that makes sense when he speaks!
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Just admit that you know absolutely nothing about politics, Ron Paul and what has been going on for the last 50 years. Ron Paul has predicted since the ’70′s where the U.S. is heading with it’s deficit spending, nobody listened. He was right. In fact you can easily find videos on Youtube about Ron Paul’s predictions & how they became true. Ron Paul is the only conservative Republian in congress, all the other’s are neo-republicans (big difference). Do yourself a fover and research him.
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RON PAUL, WE ARE STILL WAITING FOR AN ANSWER! TELL AMERICAN PEOPLE HOW EXACTLY RU GOING TO CREATE JOBS? OK LETS SAY ALL TROOPS CAME BACK AND THEN WHAT? THEY ARE GOING TO SELL IPHONES AND BLACKBERRIES? DUDE BE A MEN, HOW RU GOING TO CREATE JOBS? POPULATION OF CHINA IS 1.4 B CHINESE WORK LIKE ROBOTS, BE HONEST TELL AMERICAN PEOPLE TO BUY UR BOOK U NEED CASH , U LOVE POWER, U LOVE CASH, U WILL NEVER CREATE JOBS, U HAVE NO ANSWER!
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This man does not have an obsession with power which makes him an ideal candidate to be put into a position where he will have power.
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