Transcript
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.
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ron paul makes sense!!
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RON PAUL = HERO
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dang $126k per sec? This is how you spend money when it’s not yours!!! Congress gets pension, separate healthcare, all the perks everyone else dont get…
»crosslinked«
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I did mine my CA, although CA people are so liberal because of stupid S.F and L.A
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I did mine my CA, although CA people are so liberal because of stupid S.F and L.A
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yea this is a very good thing sure but my looking to 7.50 a hour with no freebies kinda thing like a alot of ppl in the us are working for now. im not saying this ppl cant cut this or that but when it gets rite do to it they are all the same greedy little ppl just next the next one.
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yea this is a very good thing sure but my looking to 7.50 a hour with no freebies kinda thing like a alot of ppl in the us are working for now. im not saying this ppl cant cut this or that but when it gets rite do to it they are all the same greedy little ppl just next the next one.
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RON PAUL SIGN BOMB DOT COM BIGGEST GRASSROOTS DEMONSTRATION EVER ON 10.10.11 BE A PART OF IT!
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RON PAUL SIGN BOMB DOT COM BIGGEST GRASSROOTS DEMONSTRATION EVER ON 10.10.11 BE A PART OF IT!
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Obama is bombing countries from the air as did Bush, Clinton and Bush.
We need to bring the troops home from Europe, Japan, Korea and the Middle East – ALL OF THEM. WWII ended 65 years ago. Korea ended 55 years ago. And the Cold War ended 20 years ago. What are we doing? We are simply looking for a new enemy and we found one. We even helped create him in more ways than one.
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Obama is bombing countries from the air as did Bush, Clinton and Bush.
We need to bring the troops home from Europe, Japan, Korea and the Middle East – ALL OF THEM. WWII ended 65 years ago. Korea ended 55 years ago. And the Cold War ended 20 years ago. What are we doing? We are simply looking for a new enemy and we found one. We even helped create him in more ways than one.
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Obama is bombing countries from the air as did Bush, Clinton and Bush.
We need to bring the troops home from Europe, Japan, Korea and the Middle East – ALL OF THEM. WWII ended 65 years ago. Korea ended 55 years ago. And the Cold War ended 20 years ago. What are we doing? We are simply looking for a new enemy and we found one. We even helped create him in more ways than one.
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Awesome – I only wish there was a better system in place – here in MA , my vote is essentially meaningless because this liberal wasteland always voted Democrat . I’m scared that people with Iq’s in the double digits are allowed to vote and many don’t even know the names of the candidates , never mind what they stand for or believe in -scary . I also don’t doubt that all elections are rigged – look at all the scandal with the voting machines showing votes for the wrong guy
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I have done my part and finished filling an application to register for Republican. I will vote for Ron Paul in the FL primary when the day comes. I am ready.
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i think we need to upgrade defense.. but stay off the offense. keep our fucking troops in the country.
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why don’t we switch to the euro, or pound? its fucking annoying buying anything online.. how the fuck am i supposed to know what 35€ is…
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they’ll still build F-22′s cuz you know those mexican immigrants got top notch fighter jets….
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i love how thats all you think about hahah. Its cool tho, we need to stop the war on drugs.
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warfare is all about who controls the air..RPGS cant catch up with F-22′s air control has been the game since WW1. although i agree there is no need for new jets since one is shot down a year it seems…they build too many F-22′s and it kinda clues you in on what america is scared of…other countries with a challenging air force… NK, China, Russia for example. RON PAUL is right and i haven’t seen him be wrong once. Why isn’t he president… at least the downgraded defense…
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The debt wasn’t caused by high or low taxes… the debt was caused by frivolous spending on Social Security to people who don not need it, Welfare to those who abuse it, bailouts to companies who should have gone out of business, and a foreign policy that is too imperialistic. Cut back on that, and watch the deficit start to disappear!
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“… In conclusion, let’s stop trying to make him seem like an extremist.”
Agree adamlinking. I cant stand when the ‘legitimate’ candidates talk nonsense and look at this man like he is crazy. RP will restore the federal government back to its basic consitututional form – that is NOT extremism, – the spending of the dems and repubs has been a prime example of extremism. Personal responsibility is not extremism. I could go on and on and on.
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Ron Paul 2012! To legalize marijuana.
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If you want Ron Paul to be President, he must first win the Republican nomination, in order to get the Republican nomination he must win as much state primaries as possible. If your state has closed primaries, register Republican just so you can vote for him in the 2012 primaries. He needs your vote! We need him!
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Ron Paul 2012!!
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why should we keep granting american companies tax-breaks for their job creation in china?
Funneling american currency into a comunist, economic blackhole, doesn’t seem to be helping our recovery.
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illuminati = Moronic brainless trash
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Ron Paul doesn’t need a teleprompter like B.O.
B.O. won’t say anything without the teleprompter.
B.O. is a tool.
B.O. stinks!!!
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Ron Paul kicks ass!!!
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Idiots.
The worst thing you can do now is to vote for RP, a man who will never raise taxes. The best thing you can do now is give the Democrats free play and solve this problem.
RP says that the USA would get to a Greece-like situation. That situation was caused by low taxes. If tax levels would go back to where they were in the 60′s, there won’t be a problem.
You Republicans started this with Reagan and GB. You’ve had your time. Time to hand over the reigns to people who know what to do!
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I’m gonna vote for Ron Paul in 2012. I’m a Black male who voted for Obama. The only thing I dont agree with Ron Paul on is eliminating the IRS. I work for the IRS and make good money. Most private sector jobs dont pay shit, and you work much harder!
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Okay, I love the idea of cutting spending, but we already have a history of oil companies repeatedly getting by with cutting corners and causing harm (see Joel Bakan’s “The Corporation”), pharmaceutical companies introducing drugs but neglecting to include info about side effects so the drugs are recalled after injuring people, corporations whose prime goal is legally mandated to be making profits for shareholders which means they can’t help people unless it makes them profits, big money “invested” in politicians by lobbying organizations, social service agencies sometimes unable to protect endangered children because of meager budgets, and desperate unemployed people. Given all this, why cut government employees rather than beef up regulatory activities?
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Before every one gets crazy. If we did a fair tax on corporations would PAY THE NATIONAL DEBT!` Trillions of dollars have been made from the War, Millions of dollars disappeared!~ Lets hold the past presidents who have profited from war , Send them THE BILL!~
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RON PAUL SAVE US!!
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Where is my comment?
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The congress and senate work for us,the American people…they gave us their resume through campaigning and we hired them on that resume.If and when they are accused of and then proven not to have our best interest at heart then we should have the right,as an employer,to fire them!
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