Ron Paul’s Texas Straight Talk 10/3/11: The Fed Twists, The Market Shouts.
Last week the Federal Reserve began the second incarnation of “Operation Twist”, an attempt to drive down interest rates by purchasing long-term Treasury debt and selling short-term debt. This is just the latest instance of the central bank desperately flailing around doing something merely for the sake of doing something. Fed officials still do not understand– or admit– that the Fed itself caused the financial crisis by driving interest rates too low and relentlessly expanding the money supply. Thus, this latest action will just exacerbate the problem.
The roar of Battle Drums has begun.
on September 30th.
The greatest Grassroots Movement will push…
End of Quarter, Last Day, Last Push, Last Campaign, Last Chance!
Give your all, worry about later later…
Ron Paul 2012: Restore America Now
Fox News contributor Juan Williams sits down with Judge Andrew Napolitano on Freedom Watch to discuss why Ron Paul gets shafted by the corrupt corporate/establishment media.
Ron Paul Financial Subcommittee Hearing Sep 13 2011
Road Map to Sound Money: A Legislative Hearing on H.R. 1098 and Restoring the Dollar.
Please view and share this with as many NON Ron Paul fans you can find. Not trying to preach to the choir… but to educate and inform those who don’t know his (and the other candidates’) history. Thanks-
Rick Perry has shown in numerous occasions he is not the man fit for the job.
He verbally abused a female officer that pulled him over for speeding, violently shoving his finger into her shoulder, with her only to apologize for fear of losing her job.
A college student once posed a question to him regarding his flawed budgetary policies for the state of Texas, only to be shoved in the shoulder again by Mr. Perry. Apparently, the Presidential candidate is very good at shoving people.
It has been confirmed he allowed the execution of Cameron Todd Willingham for the aledged murder of his family through arson, with prior knowledge of his innocence.
But as a Presidential candidate, he commited a grave mistake when he violently grabbed and physically attacked candidate Ron Paul, aged 76. He basically attacked an old man. Is that the sort of person we want as President?
Rick Perry is a bully from Texas who has made a career out of intimidation. Do not be stupid enough to allow this man into the White House.
Vote for Ron Paul, a man of integrity, consistently adhering to the Constitution and to the philisophy of libertarianism, as shown in his perfect voting record. Look him up, educate yourself and vote for the only honest candidate in this race.
Ron Paul’s Texas Straight Talk 8/22/11: Liberty is More Important Than the Illusion of Safety
We always hear other candidate mention Ronald Reagan but what did Ronald Reagan say about the other candidates… specifically Ron Paul.
by Ron Paul | Texas Straight Talk
August 1, 2011
One might think that the recent drama over the debt ceiling involved one side wanting to increase or maintain spending with the other side wanting to drastically cut spending, but that is far from the truth. In spite of the rhetoric being thrown around, the real debate is over how much government spending will increase. No plan under serious consideration cuts spending in the way you and I think about it. Instead, the cuts being discussed are illusory and are not cuts from current amounts being spent, but cuts in prospective spending increases. This is akin to a family saving $100,000 in expenses by deciding not to buy a Lamborghini and instead getting a fully loaded Mercedes when really their budget dictates that they need to stick with their perfectly serviceable Honda.
But this is the type of math Washington uses to mask the incriminating truth about the unrepentant plundering of the American people. The truth is that frightening rhetoric about default and full faith in the credit of the United States being carelessly thrown around to ram through a bigger budget than ever in spite of stagnant revenues. If your family’s income did not change year over year, would it be wise financial management to accelerate spending so you would feel richer? That is what our government is doing, with one side merely suggesting a different list of purchases than the other.
In reality, bringing our fiscal house into order is not that complicated or excruciatingly painful at all. If we simply kept spending at current levels, by their definition of cuts that would save nearly $400 billion in the next few years, versus the $25 billion the Budget Control Act claims to cut. It would only take us five years to cut $1 trillion in Washington math just by holding the line on spending. That is hardly austere or catastrophic.
A balanced budget is similarly simple and within reach if Washington had just a tiny amount of fiscal common sense. Our revenues currently stand at approximately $2.2 trillion a year and are likely to remain stagnant as the recession continues. Our outlays are $3.7 trillion and projected to grow every year. Yet we only have to go back to 2004 for federal outlays of $2.2 trillion, and the government was far from small that year. If we simply referred to that year’s spending levels, which would hardly do us fear, we would have a balanced budget right now. If we held the line on spending and the economy actually did grow as estimated, the budget would balance on its own by 2015 with no cuts whatsoever.
We pay 35% more for our military today than we did 10 years ago for the exact same capabilities. The same could be said for the rest of the government. Why has our budget doubled in 10 years? This country doesn’t have double the population or double the land area or double anything that would require the federal government to grow by such an obscene amount.
In Washington terms a simple freeze in spending would be a much bigger cut than any plan being discussed. If politicians simply cannot bear to implement actual cuts to actual spending, just freezing the budget would give the economy the best chance to catch its breath, recover and grow.
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