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Don’t Complicate Immigration Reform
Leave a responseby Ron Paul Congress is poised to consider an immigration reform bill this week, but as usual the devil will be in the details. A sensible bill would bolster enforcement of existing immigration laws, reject any form of amnesty, and address the underlying welfare state that adds to the problem. I fear, however, that Congress [...]
What do Rising Gold Prices Mean?
Leave a responseby Ron Paul The market price for an ounce of gold rose to over $500 last week, a significant milestone for economists watching precious metals and commodities markets. The last time gold topped $500 was December 1987, in the wake of the “Black Monday” stock market collapse earlier that fall. Gold prices historically rise when [...]
More of the Same at the Federal Reserve
Leave a responseby Ron Paul Benjamin Bernanke, a former member of the Board of Governors at the Federal Reserve, is all but certain to be confirmed by the Senate as the next Chairman of that institution. He may find that the adulation given to Mr. Greenspan does not carry over into his tenure so easily, especially if [...]
Slashing the Budget?
Leave a responseby Ron Paul Only in Washington DC can a spending increase be called a spending cut– but that’s exactly what happened last week. Congress passed a budget bill that merely slows the rate at which some federal spending grows by a tiny percentage, and both parties acted as though a revolution had taken place. Republicans [...]
Too Little, Too Late
Leave a responseby Ron Paul Congress is poised to consider a budget bill this week in a vote both parties consider critical, but in reality the bill is nothing more than a political exercise by congressional leaders designed to convince voters that something is being done about runaway federal spending. Having spent the last five years out-pandering [...]
Deficits at Home, Welfare Abroad
Leave a responseby Ron Paul In the wake of Hurricanes Katrina and Rita, and with an ongoing war in Iraq that costs more than $1 billion per week, taxpayers might think Congress has better things to do with $21 billion than send it overseas. Yet that’s exactly what Congress did last Friday, approving a useless and counterproductive [...]
A Free Market in Gasoline
Leave a responseby Ron Paul Many Americans understandably are upset with the sharp spike in gas prices since Hurricane Katrina hit the gulf coast in August, and are concerned by reports of oil company profits. But we must understand that high oil prices are not the result of an unregulated free market. On the contrary, the oil [...]
Will the Estate Tax ever be Repealed?
Leave a responseby Ron Paul Just two years ago, Congress was poised to eliminate the hated estate tax permanently. Today, however, several U.S. Senators are using their own wasteful spending habits to justify retaining the tax. In the eyes of these Senators, budget deficits are never the result of too much spending, but rather too little taxing. [...]
Who Opposes Simpler, Lower Taxes?
Leave a responseby Ron Paul The president’s advisory panel on tax reform held a public meeting last week to discuss possible changes to our tax code, which most Americans view as a disgrace. Unfortunately, the reform panel consists almost entirely of Washington beltway insiders who have absolutely nothing in common with ordinary American taxpayers. The members are [...]
