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.

  • marcus

    “… 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.

  • BlakeJohnProductions

    Ron Paul 2012! To legalize marijuana.


  • walmartpimp2

    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!

  • 1604197813
  • NanoEmpyrean

    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.

  • TheFirstCaller

    illuminati = Moronic brainless trash

  • surfn123

    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!!!

  • surfn123

    Ron Paul kicks ass!!!

  • FloatingJet

    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!

  • KingCharlesMusic

    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!

  • Jon

    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?

  • missrockz

    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!~

  • TomoexNanami


  • Michael Hobgood

    Where is my comment?

  • Michael Hobgood

    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!

  • jb0433628

    Stop giving all your money to JP Morgan and the FED.

  • jb0433628

    What about you stop destroying your own building by crashing planes in it ? It’s not like Bush did not make it twice.

  • atomlinking

    … In conclusion, let’s stop trying to make him seem like an extremist. He is actually a very compassionate and intelligent man who would be one of our greatest presidents in our nations history. RON PAUL 2012!

  • atomlinking

    3.) The phasing out of entitlement programs would be extremely gradual: He has said that he would take the savings from cutting our military intervention around the world to SHORE UP Social Security, Medicare and Medicaid. Then allow people to opt-out of these programs, promoting a CULTURAL CHANGE in this country that would welcome the phasing out of entitlement programs….

  • atomlinking

    2.) Yes, RP believes that there are many useless bureaucrats, but he has specifically said that he would close out their positions as they become vacant through retiring personal….