Ron Paul: We Must Fiscally Restrain Our Government

by Ron Paul

The media insists on characterizing statements about dependency on government handouts as controversial, but in truth such statements are absolutely correct.  It’s not that nearly half of Americans are dependent on government; it’s actually more than half.  If one includes not just people on food stamps and welfare, but also seniors on Medicare, Social Security and people employed by the government directly, the number is more like 165 million out of 308 million, which is 53%.

Some argue that Social Security and Medicare benefits are a right because people pay into these programs their whole lives, or that we need a government safety net in place for people who fall on hard times.  However, this all becomes a moot point when the funds people depend on become worthless due to government default or rampant inflation.

This is less an issue of dignity or dependence on government, and more about the deceitfulness of government promises.

The Fed recently announced that it plans to keep interest rates near zero and keep buying near worthless assets from banks indefinitely.  This enables Congress to spend without having to take deficits or the debt seriously and there is every indication they intend to spend with impunity until the system collapses.  There are no brakes on the runaway train.  The federal debt ceiling law does nothing to limit spending. The ceiling will have to be raised yet again perhaps before the year is out.  What is happening in Greece with austerity measures and riots in the street will happen here within a decade according to some realistic estimates if we do not find some way to fiscally restrain our government.

There is little point in a debate about being entitled to healthcare or food or shelter from fellow taxpayers if the whole system has collapsed.  And, with the way our politicians have taken over and mismanaged vast amounts of resources, collapse seems almost unavoidable.  Yet the number of Americans who have significant dependency on government is dangerously high, and I honestly fear for them.

Worse, corporate welfare is also at an all time high with no signs of diminishing.  Though it is hard to quantify, Tad Dehaven at Cato has estimated that the government spends nearly twice as much on corporate welfare than on social welfare.  Both parties are equally guilty.  More and more, the business sector is learning to rely on taxpayer largesse in one form or another.  They used to be solely concerned with providing a better product to the consumer at a better price.  Now, success on Wall Street depends entirely too much on having the best lobbyists on K Street.  If one includes the employees of “private” businesses who depend on government contracts, grants or bailouts, there are even more people dependent on government in some way.

Government does not create resources when it taxes people and prints money; it merely redistributes the wealth, while supporting a massive, wasteful bureaucracy along the way.  Government is a giant, blood-sucking parasite on our otherwise healthy economy.  For too long we have entrusted too much economic power and influence to irresponsible politicians in Washington.  It’s the chaos that ensues after they run the system into the ground that will be so painful for so many people.  But realigning our economy with the free market and away from government mandates and handouts must happen in order for it to thrive again.

The answer is not to keep asking government to do more.  The answer is to extricate our economy and ourselves from the grasp of Washington DC as much as possible now, before our dependency becomes our downfall.

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183 Comments:

  1. I’d say he’s the most honest. He’s smart, but his brilliance is in studying very smart people like Mises and others and applying their knowledge.

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  2. Please count all welfare programs, including corporate subsidies and benefactors of quantitative easing, thank you.

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  3. Yea! Reminds me of the trick I used on my X-GF. I convinced her that three inches was really 10 inches & then hid all of the tape measures. Unfortunately it did not work out exactly as I had planned. She is an architect & designed her most recent building for a firm in Dallas. Imagine the companys dismay when they realised they had paid for an improperly scaled building that can only be used for midgets & children! She got fired & we broke up after she screamed, “f*ck you & your Vienna Sausage”!

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  4. don`t let anyone tell you GM sold they right or patten to china,BULLSHIT!. GM owners ,the fed invented and master the copy game.they were sold they the idea`s to copy not to invent. for all thing have been invented,and any new invention and invesion is not by the cause of man. :-) enjoy your life.it a vacation.

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  5. The man has really given enough of his life to us; we need to emulate his behavior. We need to be the ones to get out there and promote his message, ’cause when you get right down to it, his message is what America is supposed to be about.

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  6. If Government didnt enslave us we wouldnt be dependent! We need a REVOLUTION! I’m writing you in! I’d like to hang the other 2!

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  7. IN A CAR you are the General in control of energy(army)gasoline,but u really don`t have to think about it,just watch where your going.engineering must apply everything. GM #1.

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  8. General Motor not Government Motor,Holds da KEY to 99% of all man mechanical invention. its call Tooling. they are codes,data,blueprint(patten) to everything you see around you.automotive tooling can be found on your clothing and house utility & sports.The General arm him self with engineers are controller of energy(u/i). The #1 motivation in war is to control the ones that control energy(self).So the legion created they ideal in the name of a car.

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  9. I’ve been reading up on the Soviet collapse. The parallels are shocking and disturbing.

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  10. You need to be in the public eye more often, Dr. Paul. A street fair or anything. Get in the news Pronto. How about doing a bicycle tour? Anything. Get out there.

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  11. thats cant be more wrong. fucking clone.

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  12. Ah, I get it. Thanks, Steve

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  13. please understand all the fed`s GM share was robed from american like me. they used pollution laws(invincible crap) and non compliant funky codes.. if you follow fed`s laws you will never find fair in a cooperate market.

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  14. Good luck with that ever happening, even though I agree.

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  15. You are telling me that GM is “tooling” on “free energy?” For who?

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  16. “Feds Refuse to Sell Their Shares of GM”…thank goodness. Gm shares are not invincible, they are the tooling(HOW-TO) free-energy and forever energy. i know. i was school by them. a man invention is great than any gold.

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  17. QE3 I think it’s going to work this time guys…no really third times a charm!

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  18. Ron Paul (Mr. Common Sense) strikes again.

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