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.

  • http://www.youtube.com/profile?user=ju88ff ju88ff

    dumbest man in the world

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  • http://www.youtube.com/profile?user=MonaAlexisPressley Mona Alexis Pressley

    Ron Paul, End The Fed or we will end up dead!

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  • http://www.youtube.com/profile?user=KimarieTeter Kimarie Teter

    53% is staggering, end this fed…

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  • http://www.youtube.com/profile?user=lana071762 lana071762

    Gary Johnson 2012 ? who is his V.P Obamney?

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  • http://www.youtube.com/profile?user=lana071762 lana071762

    Fiscally or Fist-ally the GovernMentalist use !!

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  • http://www.youtube.com/profile?user=1hairrocker 1hairrocker

    Vote Gary Johnson 2012 instead he will be on every ballot.Come On America ! show some courage and save our Nation.

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    • Ted DeViassi

      I would vote for Gary Johnson in any other election, but Obama is sooooo bad we may not have an economy or country to save in 2016.

      While I do not love the guy like I do RP, I have to vote Romney.

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  • http://www.youtube.com/profile?user=rovoojoy1 rovoojoy1

    Stop the Fascist Governor of New Mexico Gary Johnson from winning the general election!

    Still Report #38, 39, 40 and 41

    Ron Paul 2012 as an Independent President and Bill Still 2012 as an Independent Vice President!

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  • John

    SEE http://www.understandingmoney101.com and http://www.still2012.com for some monetary solutions,not complaints!

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  • http://www.youtube.com/profile?user=GaryHarden Gary Harden

    Ron Paul is the best choice! He’d win if he were on the ballot.

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  • http://www.youtube.com/profile?user=johncarter44 johncarter44

    Ventura 2016!

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  • http://www.youtube.com/profile?user=johncarter44 johncarter44

    “Let it not be said that no one cared, that no one objected once it’s realized that our liberties and wealth are in jeopardy.” ― Dr. Ron Paul

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  • http://www.youtube.com/profile?user=gemhunter99 gemhunter99

    Two dislikes, Romney & Obama?

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  • http://www.youtube.com/profile?user=masterstupidity masterstupidity

    smartest politician

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  • http://www.youtube.com/profile?user=OptimusAndroid26 OptimusAndroid26

    It would’ve been nice. Too bad he pussed out.

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  • http://www.youtube.com/profile?user=xKillerClownx xKillerClownx

    He’s been stepping up for 30 years, what the hell are you talking about? You know why many don’t know him? Because of the corruption/corporate control of the mainstream media. The way Rep/Dem is pushed in this country as the only choices, though they clearly are not, combined with the fraud and corruption in the election system itself, he has completely been denied any chance, realistically before he even started. He didn’t “call it quits”, he still does exactly the same as he was doing before.

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  • http://www.youtube.com/profile?user=DanCooper Dan Cooper

    Ron Paul: We Must PHYSICALLY Restrain Our Government!

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  • http://www.youtube.com/profile?user=harj2009 harj2009

    EPA is not going to mandate minimum pricing…to much fox news. At Public Sector emplyees outside Dept of Homeland are at RECORD LOW. Its not welfare, if you pay taxes and then the govt hires teachers and firefighters for you.

    Many things like Corporation Tax and Sales tax revenue belong to everyone so its not really welfare

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  • http://www.youtube.com/profile?user=TRYCLOPS1 TRYCLOPS1

    It’s so horrifying that now Democrats are pro-war… Ron Paul was the only choice America had. I’m still voting Gary Johnson this year. It might be the last year I vote. The rest is up to me and you. Voting won’t fix anything. We got to bring peace and prosperity ourselves by stop paying for cable tv and buying their shit, become less reliant on their oil, healthcare system, courts, education etc. We have to do it while they steal our money. We also have the option to take arms and end tyranny.

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  • http://www.youtube.com/profile?user=caddyrolla123 caddyrolla123

    people, there is no going back, fiscally responsible? cut the deficit? give me a break, NO POLITICIAN HAS A REAL ANSWER. why? because its impossible to answer! 16 TRILLION in debt, 1.2 trill deficit, please, its over! the only thing that will work is a complete collapse, and restart, thats it. get ready because if you want to at least try to survive the collapse and restart process, you better stock up on as much as you can. nobody wants to see their children crying because their just so hungry

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  • http://www.youtube.com/profile?user=AstroStar7 AstroStar7

    He probably means gold/silver. Federal Reserve notes (you know, paper cash) are technically illegal to be used as money.

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