Ron Paul: America’s Phony Budget Debate
ONLY IN WASHINGTON IS MORE SPENDING CONSIDERED A “CUT” By Ron Paul || Anyone watching laYou must Subscribe or log in to read the rest of this content.
ONLY IN WASHINGTON IS MORE SPENDING CONSIDERED A “CUT” By Ron Paul || Anyone watching laYou must Subscribe or log in to read the rest of this content.
17 comments
I say scale back military-industrial complex spending, scale back subsidies to industries that don’t need them, end the drug war, pull our troops home from Afghanistan, close Guantanamo, reform foreign aid, close tax shelters and loopholes, normalize corporate taxes (lower the rate, but ensure that everyone pays it), and roll back a vast majority of the Bush tax cuts that were made permanent (leave the ones aiding the poor/middle class intact). Capital gains tax should not be as low as 15%.
Let that run for a while, and if necessary, tweak it via small cuts across government spending as a whole, coupled with nominal tax increases for Americans making over $250k.
Protect Social Security by increasing the payroll tax cap, at the very least to $250k but preferably higher (or remove it entirely). This alone would increase the longevity of Social Security solvency, and may even allow us to slightly increase payouts to the elderly that desperately need it.
Protect Medicare by enacting reforms that can control costs. One of those reforms would be to allow Medicare to negotiate prices for prescriptions. This alone would save us billions every year.
Neither party wants these reforms, but neither does Paul, so screw ’em all.
but then the ponzi scheme would collapse and the 5 guys running are going to jail…how many more distractions can the FED come up with before it blows up?
Ron Paul wants more of these than most other politicians.
I say scale back military-industrial complex spending,
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The Russkies’ll get us!!!
Eliminate baseline budgeting. Everyone pays the same income tax rate and eliminate all deductions. Corporate taxes are a part of doing business, the price of a product or service includes those taxes and so consumer pays them.
Ron Paul is fighting a fight that can’t be won. First, it’s impossible to even balance a Federal budget anymore, so there’s going to be some kind of default. The question is when and how.
Second, there is no real constraint on budgets and/or spending written into the Constitution. Those elected by a mostly stupid and 100% self interested electorate are amoral sociopaths that have no problem riding the gravy train until it comes off the tracks, and then everyone will get what they deserve.
Amen brother…it’s tilting heavy to the left going around a right hand turn…no engineers in sight…get ready it’s going to be a big crash!!
“A democracy cannot exist as a permanent form of government. It can only exist until the people discover they can vote themselves largess out of the public treasury. From that moment on, the majority always votes for the canidate promising the most benefits from the public treasury, with the result that democracy always collapses over a loose fiscal policy–to be followed by a dictatorship.” Alexander Tytler, 1770
We are witnessing this happening right now.
Geez, is this guy still talking? Doesn’t anyone realize what his game is all about? He’s been pro Russia since the 1980s… when they were the USSR.
http://nyyrc.com/blog/2013/08/ron-rand-and-the-mises-institute/
OH CRAP!!!
Randall_S and the New York Young Repubs have figured it out. Ron Paul is a commie.
*TBG initiates Damage Control Mode*
Fortunately for TBG, “damage control” means simply telling the truth.
Who needs government?
You?
Only to take my money and use it to kill innocent children half a world away.
How many of you have economics degrees? Hell, does Ron Paul even have an economics degree?
Nuthin’ but armchair Staler and Waldorfs waxing fiscal here.
It’s obvious there are no economics degrees in DC, $17.5 trillion and counting.
A hundred million dollars, Mr. President, is only a “drop
in the bucket.” I grew up at a time when on Sunday, if I had
been a good boy for the whole week, my mother gave me a penny
and said to me, “My son, don’t spend it all in one place.”
We have come a long way from then. The classic example is here
tonight, when the Senator from Colorado says a hundred million
dollars is “a drop in the bucket.”
No wonder we are nursing a $295 billion debt.
[Everett Dirksen Congressional Record, June 8, 1961, p.9896]
$295 billion sure looks good.