Ron Paul’s Debt Solution: Bring the Troops Home, Fire Useless Bureaucrats, Phase Out Entitlements


Judge Napolitano: While Republicans in the House and Senate go back and forth over whether they will support Speaker Boehner’s plan to raise the debt ceiling, there’s one member of the House of Representatives who could not be clearer on the subject: no increase in the debt ceiling, no way, no how. Here to explain is Texas Republican Congressman and presidential candidate, Ron Paul. Congressman Ron Paul, as always it’s a pleasure, welcome back to Freedom Watch.

Ron Paul: Thank you, Judge, good to be with you.

Judge Napolitano: What are the chances that the sound-money, small-government attitude (that you represent so well, that so many millions of Americans send people to the House of Representatives to put into effect) will prevail, and the debt ceiling will not go up? Or, is it a hopeless case, is it going to go up no matter what the logical arguments against it may be?

Ron Paul: I think it’s going to go up because everybody will be scared into it. I think all the talk here in these last several days is mostly politics and it’s sort of like the CR Resolution being passed at the last minute. So it’s who’s going to get blamed and when, and who’s going to get the credit. But I think it will go up, I don’t think in the long term it makes a whole lot of difference because the country has to default because we can’t pay this debt; it’s just a matter of how we pay it. I think this is political grandstanding, but I think at the last minute the debt level will be increased.

Judge Napolitano: Give us the argument in a nutshell about why you, Ron Paul, and many other Tea Party endorsed and small-government colleagues of yours oppose any increase in the debt ceiling, no matter what promises accompany those increases?

Ron Paul: Well, mine will be a little bit different than others, but basically I think many would agree that we have to stop the spending. If we don’t increase the level, then we have to get our house in order. For me it’s a little bit different, because I think the default is coming and I’m looking at how you default. Governments in countries that get this far in debt, never pay their bills, and you can default by not sending the checks out, and that’s what they’re afraid they’ll have to pursue if they don’t get a debt level increase. That’s why I say they will, because all countries keep sending the check out. The real default and the real danger, if we continue to do this, is the default through the devaluation of the currency, and that’s translated into paying for it through higher prices. I think that’s going to be chaotic because we just can’t keep up. I think it will force us to have a change in foreign policy and spending policies here at home. But I think you have to go through a rough time in order to get the people convinced. Some of the kind of things you’re seeing in Greece right now, I’m afraid we’ll have to face up to this. But the default is going to come, but I do believe very sincerely they’re not going to opt for defaulting by not sending the checks out and paying the interest on the debt. That’s not going to happen, I’m very certain that there will be no default on our debt and financing our debt.

Judge Napolitano: Isn’t this a golden opportunity, rare in American political history, to shrink the government back into the confines of the Constitution, to force it to live within its means, and isn’t this an easy thing to do? The Republicans run the House, all they have to do is say, “No” and the argument is over, the borrowing is over, the government starts obeying the laws of economics and the Constitution for the first time in over a hundred years.

Ron Paul: It would be nice to think that, but politics works differently and, you know, when there is any life left into the entitlement system, it’s going to stay alive and it gets louder and angrier and you know there are maybe more people getting checks than those people are producing. So those of us who would like to stop don’t have quite as many allies. So I think it’s going to get a lot worse before they wake up. They’re not functioning very well, and people are realizing how bad it is. But I don’t think we’re going to clean up our act until government no longer functions, and then we’ll have to say what kind of a monetary system do we want, what kind of a foreign policy do we have to have, and what kind of a Department of Homeland Security do we want. But that’s not on the verge of happening and hopefully will come soon, but I believe it will come within the next year or two and we’ll be forced into doing it, which you wished by common sense that we would do it right now. Unfortunately, I can’t tell you they’re going to do it.

Judge Napolitano: Before I let you go, we have about a half a minute left. You’re not only a member of Congress, you’re also running for the Republican presidential nomination. When you make the arguments to the voters in Iowa or New Hampshire or wherever else you’ve being going, like you just made to our viewers, how do they respond to this?

Ron Paul: Very favorably, and more so than before. I always thought, “Well, my supporters come out”. But now the crowds are larger and they’re looking different, so this message is being listened to, but out of necessity if nothing else. So yes, there’s a bigger audience and we have to keep working on it because we can win this, we must win it, because we’re not going to have much left if we don’t win.

Judge Napolitano: Congressman Ron Paul, thanks very much for joining us.

Ron Paul: Thank you, Judge.

  • guitarwarrior69

    Regardless if he wins, EVERYONE HERE POST THIS AND ANYTHING ELSE OF RON PAUL TO FACEBOOK, MYSPACE, AND EMAIL. The solution starts with each of us one by one playing our small part. We will force his name everywhere.

    Ron Paul 2012


  • 2late4thisshat

    it makes so much sense that noone will listen.

  • Sheeple101

    If all Americans were to add a hydro converter to their car or truck would cut consumption and dependency to foreign currencies. We have to pay to play the oil game but not simple water. In an emergency you can always piss in your tank!

  • Sheeple101

    Pay to import, is what I see is the only solution to this mess. If the MARTS had to first pay import taxes, than again to cross the state line and again to sell in each state they would think 3 times over before out-sourcing our jobs. Keep the factories in state as they used to be as transporting was too expensive and cheaper for mom and pop small factories. Again THINK WATER NOT WAR for oil and drugs… so cheap to add a converter to your current engine no mater what you use… save up 50%…

  • Sheeple101

    If you were to cut all tax shelters from all making over $10 million a year, the shelters we pay for in the end to fill the void, and make sure they pay their share than not one person would have to pay taxes at all. To free MOM and POP or in state goods from taxation while putting the taxes on out of state and out of country taxes in place of current rules. This would bring back MOM and POP and employment to America again.

  • Sheeple101

    Can all the illegal debts and do charge-backs on all the give a-ways to build other currencies while letting ours die. The game of currencies is to try to build your money to a higher valuation then that of another country’s. We are building the Euro to a higher and higher valuation while allowing ours to stay at an all time low. We used to be higher than the Euro but since we gave it all to the Australian and Canadian and the and the so even the Aussies twice almost from just 10 years ago.

  • paindrain

    USA will fail, and grasp to a saviour of a dictator that will abuse and disappoint, This is Just history repeating. Ron Paul was most potent in 2008 when his stance would matter, A motto then was “Last Chance” I still believe that, but 2012 with Paul is a fail as much as anyone else, the proverbial breaking point is here, and Ron can’t change that, I wish the past 4 years were different!

  • avionicswirenut

    My debt solution, nuke DC…..

  • tdebat

    click the like button above….. if you LIKE

  • davincij15

    This debt BS is hiding something that is going on somewhere else, I just don’t know what. The government will increase the debt end of story so this is a distraction for what? I have no idea.

  • wisted

    Napolitano is such a great interviewer. He injects just the right amount of passion into each and every subsequent question, letting Paul dig even deeper into his argument. Clear and concise work.

  • luc1dox

    I dread the day that we look back on videos like this and say, “We tried to warn you…”

    Come on folks, pay attention.

  • TDWPOwns12

    simply there’s too many people in government doing nothing but being paid way too much money, it’s like that in the US, Canada and pretty much everywhere, getting rid of them is essential in the state US is in

  • hmgn142


  • hmgn142

    A 100% voting record? IMPRESSIVE SIR! RON PAUL 2012!!!

  • theavailablenamessuk

    Ron paul hasn’t a chance in hell if he wants to phase out entitlements for people. Have fun working to death! How about shutting down the police state and getting rid of tyrannical 3 letter organizations that have to have a NEED to exist.

  • BigYerke

    them washington crooks better not rig this election because i think thats the only way RP will lose Ron Paul FTW!!!

  • linvann69

    ☑ First they ignore you (Pre-2007)

    ☑ Then they laugh at you (2007-2008)

    ☑ Then they fight you (2008-2011)

    ☐ Then you win

    Join the R3volution, Ron Paul 2012

  • ustfu

    The Case for Gold by Ron Paul is a good read.

  • Quindal

    utlaw lending for profit, give the right to coin money back to congress only, deny the validity of money owed to the federal reserve which just printed it out of thin air and do not pay it, outlaw future taxation on an individual’s income (only tax business income), outlaw lobbying of any kind, cap payment for political office at 30k a year with no perks or gifts, decriminalize marijuana, do this and you could cut every entitlement program and no one would care because they wouldn’t be poor