Ron Paul: Obama’s Christmas “Gift” Threatens American Families





by Ron Paul

Last week, as most Americans were celebrating the holidays with family and friends, the Obama Administration announced plans to seek yet another debt ceiling increase in the New Year. While some fiscal conservatives will try to block this increase, their efforts are designed to fail thanks to the procedure set up by the last debt ceiling negotiations. Congress would have to pass a joint resolution opposing the increase, which the president could simply veto. Thus, an additional $1.2 trillion on top of our already unsustainable debt is a foregone conclusion. Our Gross Domestic Product continues to contract and now stands at $14.5 trillion. The debt already far exceeds that and will soon hit the new ceiling of $16.39 trillion.

Everyone in DC acknowledges that the debt is unsustainable, yet few are willing to take serious steps toward addressing it. Politicians in Washington cannot face the fact that the blank checks must stop. Many think we can ignore the mounting debts and deficits and eventually the economy will magically turn around and grow its way out of the mess. If you really understand why the economy is foundering, you understand the burden cannot all be put on the backs of the American people while politicians stick their heads in the sand.

According to a USA Today analysis, there are currently over $61.6 trillion in unfunded future government liabilities, which amounts to $528,000 per American household. A huge part of these liabilities are Medicare, Medicaid and Social Security – promises made to make the American people feel secure in their futures. But how secure should the American people feel knowing that a default is becoming more mathematically unavoidable with every NEW program added, every bailout, every debt ceiling increase, every new war we rush into, and every round of quantitative easing from the Federal Reserve? The last thing politicians should be doing is adding to that $528,000 household burden, with either more spending or more taxes. This is unequivocally a problem of too much spending by a government far outside its Constitutional bounds.

It is especially a slap in the face to the American family when the Federal Reserve dilutes the dollars we work for in order to bail out profligate banks and governments in Europe. The already perilous state of our economy and our currency should not be further endangered in a futile attempt to save the Euro. The least the government can do is allow Americans a choice in how to actually secure their financial futures that doesn’t depend on a sinking dollar and irresponsible government. My competing currency bill allows for that and I will continue to fight for economic freedom from foolish and selfish whims of the central bank.

It is nothing new for Washington to kick economic pain down the road. Optimistic politicians hope things will stay cobbled together just long enough to get through another election cycle, or that another administration will have to deal with the mess. The longer this cowardly attitude prevails, the bigger the problems become. Congress and the administration should exercise some good judgment, some political courage, and make the needed budgetary changes now. It would not be that difficult to do if Washington would simply work its way back to the Constitution instead of straying even further from it.



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55 Comments:

  1. DRUDGE CAUCUSES NOW OPEN
    go to
    drudge report dot com
    and vote for DR. Ron Paul
    Copy and paste in other videos and thumb this comment up so other can see it.

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  2. DRUDGE CAUCUSES NOW OPEN
    go to
    drudge report dot com
    and vote for DR. Ron Paul
    Copy and paste in other videos and thumb this comment up so other can see it.

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  3. RON PAUL 2012. Come on people we can do this, Make a change VOTE RON PAUL!!!

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  4. RON PAUL 2012. Come on people we can do this, Make a change VOTE RON PAUL!!!

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  5. RON PAUL FOR PRESIDENT! LIKE IF YOU AGREE, COME ON RON!

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  6. RON PAUL FOR PRESIDENT! LIKE IF YOU AGREE, COME ON RON!

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  7. go to my channel and click on "hr 3166, goodbye united states citizenship!" its a bill that backs up the ndaa and patriot act. please check it out.

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  8. go to my channel and click on "hr 3166, goodbye united states citizenship!" its a bill that backs up the ndaa and patriot act. please check it out.

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  9. Bridie Gallagly-Gleeson

    Funny that he passed this when he knew people may be a little distracted shopping for Christmas bargains!!!!!!

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  10. Hey everyone, if you find people arguing about politics online an no one is really listening to each other just copy this and plug it right into their conversation:

    Great conversation. Now if you could all just look at this from the perspective of an outsider looking in and know what it looks like when Americans who care about our country can't agree on information and it's validity regardless of where it comes from. Then, you all might have a huge revelation about what is real.

    Lies are real

    Black ops are real

    Denial is real

    Disinformation is real

    And guess what? Real information is real.

    If you really want to win an argument, take in all of the information and consider it's validity instead of blindly challenging it. Don't just buy into a side.

    I have a scenario for you:

    I put you all on a game show and behind door number one is an innocent American who works in a warehouse (fortunately for him) and has three children he would die for. I have another man behind door number two who leaves in the opposing country but works at a factory and has the same amount of kids.

    Here are the details. You can't open the door. You can't ask them any questions. You have to debate among yourselves to make the right decision. You can use the internet on the computers in front of you or your phones. You can call home and ask someone to open a book. You can even listen to each other blab to make your decision.

    Here is the catch: When we brought you on the show, your family agreed that you would make the right decision and trusted us to put them in a large container that they don't know is above a volcano.

    Your job is to kill THE REAL TERRORIST.

    You all have two big red buttons in front of you marked door 1 and door 2.

    If you kill the innocent man, all of your families get dumped into the volcano.

    All it takes is one of you to push the button and you either send the terrorist to oblivion or kill the innocent man along with your families.

    Guess what?

    In reality, you are already on the show and you don't even know it.

    It's called voting and you are gambling with real lives.

    Do you want to win beyond any doubt and ensure your family is safe?

    You better start listening to each other and working together to make the right decision before just on of YOU pushes the button that destroys MY entire family.

    If one of you allows that to happen while you ALL had an influence on making that decision, the mere fact that you couldn't present you arguments with care for the matter at hand makes you all guilty of murdering lots of families.

    Good luck on your show.

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  11. i notice many vids show 300 view yets they have more then that in likes and comments

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  12. i notice many vids show 300 view yets they have more then that in likes and comments

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  13. I fear that, that day that female reporter kept him outside in 17 degree weather gave him a cold that is getting worse , a company called , Tradional Medicinals makes a tea called , Lemon Echinacea throat coat he should try that along with ester formula Vitamin C made from rose hipps

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  14. I fear that, that day that female reporter kept him outside in 17 degree weather gave him a cold that is getting worse , a company called , Tradional Medicinals makes a tea called , Lemon Echinacea throat coat he should try that along with ester formula Vitamin C made from rose hipps

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  15. How the hell does he STILL have time to make these. I thought he had stopped temporarily for the campaign. Jeez he is dedicated! Lets go Ron.

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  16. How the hell does he STILL have time to make these. I thought he had stopped temporarily for the campaign. Jeez he is dedicated! Lets go Ron.

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  17. Only Ron Paul defends the US constitution.
    Others DO NOT. That makes THEM unelectable.

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  18. Only Ron Paul defends the US constitution.
    Others DO NOT. That makes THEM unelectable.

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  19. the windows of the soul - the eyes never lie.

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  20. the windows of the soul - the eyes never lie.

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