Transcript
Larry Kudlow: Let’s go over to the House, which about 45 minutes ago passed Speaker Boehner’s debt plan. We’re now joined by Texas Republican Congressman and presidential hopeful, Ron Paul. As always, Mr. Paul, welcome back to the program. I read a piece in the Daily Caller today, you want to say no to businesses as usual, status quo and power and compromise to raise the debt ceiling. You are opposed to any debt ceiling increases. With all respect, isn’t that irresponsible? How can we operate without more borrowing?
Ron Paul: Of course, that’s why I want to stop the borrowing. I think it’s irresponsible to keep borrowing. If you have a debt problem, how do you solve the debt problem by raising the debt? See, that doesn’t make any sense to me, and it’s a spending problem and the Congress and the people don’t want us to really quit spending. Anytime you would have a token little cut, they yell and scream. So this crisis is going to evolve. I think everybody’s talking about default, but there’s not going to be any default in the sense that we’re not going to send the checks out and pay the interest; that’s not going to happen. Look at the bonds today, they did quite well, interest rates are going down, nobody’s worrying about it. But the default comes when we just print the money and pass it out, and the default comes because people are going to lose their purchasing power in the dollar, and that’s where the real problems come out.
Larry Kudlow: Well, I just want to circle back, though, because you got a 100 million checks being mailed, and yes, you could cover the interest on the debt, I fully agree with you, and the government bond market is trading very nicely off of the recessionary forecast, what, 2.75%. But what about the 100 million checks, that’s the position you’d be put in; Social Security, health care, veterans pensions, military troops fighting, the FBI. If you don’t raise the debt ceiling at all, you would reek havoc on the budget, havoc on the states, havoc on the cities. I just don’t see how you can take that position, Mr. Paul.
Ron Paul: Larry, you know something about runaway inflation, severe inflation. You remember the 1970s, I think you were in Washington at that time. Remember the dollar was under attack, we went hat in hand to the IMF and got 30 billion dollars 30 billion dollars, which is equivalent to 3000 billion dollars, to bail out our dollar. So we were on the rocks then and that was a bailout again and in a way it was a default during that year when we reneged on our promises to pay with the Bretton Woods Agreement.
So yes, I think it’s much worse to do what we’re doing, continue to spend, and usher in an age when all the checks bounce. And that is going to be much worse. You have to have priorities, and if Congress doesn’t give the President priorities on how to pay the bills, the President, I believe, has the prerogative of picking and choosing and spending the money as it comes in and face up to the fact that we are bankrupt. To deny that we’re not bankrupt is a big problem and will usher in this age of just endless spending and endless debt. You cannot solve the problem of debt by accumulating more debt. You would never tell an individual that’s way over their head with credit card debt, “Oh, what you need is more debt, and you’re going to be happy”. A country can’t do it either.
Larry Kudlow: Alright, let me ask you this, Congressman. In your campaign will you actually put out a blueprint plan for a balanced budget in 10 years? Because I know the Balanced Budget Amendment is in the new House plan, I understand that. But the odd thing to me, as a former budget official is, I have never seen anybody put on paper a plan that gets us to zero on the deficit in 10 years. Will you have such a plan on your campaign trail?
Ron Paul: Well, I can make it very simple; let’s just freeze the budget, give everybody this year what they got last year, and it would finally balance, probably in less time than that. So that would be a pretty good blueprint, and why should anybody scream? Do you know, Larry, even under the Boehner plan the spending is going up over a trillion dollars. So all these cuts are fictitious, they’re only cut in the CBO projected increases. So it’s all a fraud. We know this is all political gamesmanship. This bill has nothing to do with solving the problems.
Larry Kudlow: I agree with you, sir.
Ron Paul: Okay, good.
Larry Kudlow: But a balanced budget plan, I want to see one on paper. Anyway, Congressman Paul, we’re out of time. But I appreciate your time very much this evening. Good luck on the campaign.
Ron Paul: Alright.
Larry Kudlow: As we continue our live coverage of the House vote on the Boehner bill, coming up…
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hey people 1 plus 1 equals 2 1 plus 1 don’t equal 3 Paul makes sense.
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hey people 1 plus 1 equals 2 1 plus 1 don’t equal 3 Paul makes sense.
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PRESIDENT RON PAUL
SAY IT NOW…
PRESIDENT RON PAUL
SAY IT NOW…
PRESIDENT RON PAUL
SAY IT NOW…
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Way ahead of you. I want kids but I’m not selfish enough to give birth to them in this century.
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Try this vid. youtube.com/user/stefbot#p/u/1/Xbp6umQT58A
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There is no magic FED trick they can pull. There is no out. Well there is, for them cause they own the gov, but for you, well, should have added it up before. It is all right there in front of you. To put it plainly, is that there are those that understand the system. They will rule cause they can. Cause they expect you to not know what is really going on. Lady Gaga anyone?
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something certainly worth considering. at least it should be shelved as an option later.
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I always saw the tea party of today as
1. Cunts
2. Dumb Cunts
3. Racists
4. Cunts
5. Christian fanatics
6. Fanatical christain cunts
As opposed to the older tea party, which were, in my opinion, 1. Fiscal 2. Social 3. Constitutional
And that is being kind. I don’t think (besides the Ron Paul sect) that they ever cared about the Constitution. I have no reason to believe it. They only supported it if it supported their agenda.
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am i wrong about the tea party? im a Ron Paul supporter and in case you forgot,the 2007 tea party were started by the young people of america and the disenfranchised, it was the college campuses around the country that held rally’s for Paul not buy the opportunistic Dick Amrey, and fox news, that is what i meant by the tea party is different from then to now.The tea party of 07 had a mix of democrats and independents now it’s the vehicle of republican party.
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am i wrong about the tea party? im a Ron Paul supporter and in case you forgot,the 2007 tea party were started by the young people of america and the disenfranchised, it was the college campuses around the country that held rally’s for Paul not buy the opportunistic Dick Amrey, and fox news, that is what i meant by the tea party is different from then to now.The tea party of 07 had a mix of democrats and independents now it’s the vehicle of republican party.
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what do you expect…hows does one best counter a threat? absorb it if possible, warp it and make it ones own. garbage in garbage out was the old paradigm…the machine itself is garbage. so regardless of whether its good or bad input , it will come out bad. we need a new machine
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it doesnt even matter who the next president is..bush fucked everything up for the all the other presidents after him. when clinton was in office everyone was happy, we all had jobs, people where buying homes, americans owned businesses, companies wernt shuting down, gas was cheap and there wasnt no on-going war happening. what happend to this country? BUSH HAPPENDED
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oh jeez..get with it. It’s not about party anymore. It’s about truth. Go find it bro.
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or Romney? no way..he is another trojan horse. Look at his record compared to Paul’s.
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Ron paul or Romney 2012!!!
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“racists, anti-Semites, and anti-American plutocrats” no facts? now,i don’t agree 100% with ron paul, but i can’t imagine how you came up with any of these. saying “we shouldn’t bankrupt our country, don’t take money from hardworking people and give it to crack heads and lazy fuckers who think jerry springer is more important than finding a job, and stop taking away the RIGHTS and FREEDOMS of the american people, all in the name of the ILLUSION of security” is hardly anti-american.
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or leave the country…
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or leave the country…
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Ha! Republicans will fail this election due to there bigoted outlook on the world and there unrealistic agenda on economics. The only voters they have are conspiracy theorists who believe Obama is a Muslim or that the government is omnipotent and orchestrated 911. If I offended any of you good, join a communist party.
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I like your Paul, but not your Paultards.
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“The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States” — The Constitution of the United States
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Paul/Rand types always ignore the two passages in the Constitution that refer to “the General Welfare” (Preamble and Article 1, Section 8).
This doesn’t mean “handouts”; it means creating a just society that rewards people for hard work and paying into the system. Thus, the Constitutional basis for entitlements. Those who argue otherwise are ignoring both the Constitution itself and the history of its interpretation as realized in the reality of American institutions
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Ron and Rand Paul are racists, anti-Semites, and anti-American plutocrats. The cult that has sprung up around them is pathetic.
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Screwing your kids (with debt and inflation) in the process of policing the world is just wrong
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I just started a Ron Paul myspace account, go visit it and let me know what you think. It’s “Paul’s Revolution”, and all the videos are in my blogs (which I update weekly, sometimes daily). The purpose is to educate and get the word out.
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Boehner’s approval rating has dropped 10% as a result of the manufactured debt ceiling “crisis.” And Congress now has, very deservedly, its lowest approval rating EVER. He and his cronies will be voted out in 2012.
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We should take their wealth away that we gave them, call it a “tax”. Send them into Mexico, To promote their war on drugs.
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ron fucking paul for president!
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Sorry I just don’t see the logic in that! But I’m glad it’s not getting ugly and criticism is constructive.
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Thank You Ron Paul.
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are claiming Ron Paul only has 16% of the support in Iowa – I don’t know if I believe Bachmann is in first place but if so we are in trouble. Please post the Ron Paul message on any youtube sites with the words IOWA in the search box to spread his message – I really want him to secure the nomination . We cannot afford 4 more years of the same old,same old. Also,please register online today as a REPUB to make sure you can vote for him in the critical primary ! Pass it on
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◄ dorito
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Yes!!!
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I believe that Ron Paul is America’s final hope. If he does not get elected now, he will simply be too old the next time. Be smart and convince your family and friends to vote for Ron Paul.
If Ron Paul gets elected then there’s a risk that he will get assassinated like Kennedy and all the other Presidents who wanted to “End the Fed”. They make it look like that it was an angry citizen, but its the corporations and banksters who want him dead.
After all, he wants to End the Fed.
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we need to close the boarders and stop the illegals who the liberal democrats use as a voting base.
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