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Debt
Ron Paul: Reduce Spending, Reform Government, Restore America’s Prosperity
11 ResponsesToday, 2012 Republican presidential candidate Ron Paul issued a statement outlining his opposition to the House version of the Cut, Cap, and Balance Act. Ron Paul: “While I applaud the spirit of the Cut, Cap, and Balance Act (CCB) and appreciate how it has shaped the debate to include a permanent solution to our deficit [...]
Ron Paul to Congress: If Debt Is the Problem, Why Do You Want More of It?
1014 ResponsesTranscript Ron Paul: Mr. Speaker, the Congress is concerned about the debt, the people are concerned about the debt, the markets are concerned about the debt, the world is concerned about the debt and what we’re doing here today, because we live with a world fiat dollar standard and so the whole world is engulfed [...]
Taxes, Spending, and Debt are the Real Issues
Leave a responseby Ron Paul In Washington we hear a lot of talk about tax cuts, but the rhetoric does not always match the reality. For most Americans, taxes remain too complex and too high. After the tumult of the upcoming midterm election, it is imperative that Congress gets back to basics and addresses our terrible tax [...]
Deficit Spending and Social Security
Leave a responseby Ron Paul During a speech in Washington last week, Federal Reserve Chairman Ben Bernanke warned that the coming retirement of the Baby Boomer generation will place tremendous strains on the nation’s budget and economy. He stresses that Social Security and Medicare must be reformed sooner rather than later, because demographic trends make the current [...]
How Government Debt Grows
Leave a responseby Ron Paul Today our national debt stands at $8.2 trillion, which represents about $26,000 for every man, woman, and child in America. Interestingly, the legal debt limit is only $8.18 trillion, a figure that was reached a few weeks ago. This means the Treasury department must ask Congress to raise the debt limit very [...]
Scandals are a Symptom, Not a Cause
Leave a responseby Ron Paul The essence of Government is power; and power, lodged as it must be in human hands, will ever be liable to abuse. — James Madison The Washington political scandals dominating the news in recent weeks may be disheartening, but they cannot be considered surprising. We live in a time when the U.S. [...]
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 [...]
