Ron Paul: Washington Will Keep Spending until there’s a True Economic Crisis

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Transcript

Neil Cavuto: With the threat rising almost as fast as the deficit itself: two guys in Boston accused of bombing the marathon, two guys in Canada accused of trying to bomb a train headed for New York, so those are two huge issues. The government is nearly 17 trillion dollars into collective debt hole, and there’s a new push to spend more to protect us despite that hole. So how do we deal with that? Former Texas Congressman and presidential candidate Ron Paul is on the phone. Congressman, they’re already saying we need to spend more to stop this, what do you say?

Ron Paul: Oh, keep doing it, bring it on, until we have to force ourselves into reality. It’s tragic, because we’re addicted. It is like a drug addiction, you can’t get off drugs, and the economy can’t get off spending. Just look at what they’re doing at the airports now with the pretending, they’re making little cuts, and then they emphasis it and amplify it by playing politics with it. So they’ll never cut spending, the Fed is there to monetize the debt, we’re going to continue to do this until there is a true economic crisis. So I don’t think what we had in 2008 and 2009 was very much, I think it’s going to get much worse, because we’re never lived in times quite like this when the whole world was inflating their currency and everybody had a paper currency and nobody is living within their means.

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