Author Topic: A word from Ron Paul  (Read 397 times)

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Offline Matthew

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A word from Ron Paul
« on: March 07, 2008, 06:37:40 PM »
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  • A Word From Ron Paul
    Ron Paul 03.04.08, 3:20 PM ET


    America became the greatest, most prosperous nation in history through low
    taxes, constitutionally limited government, personal freedom and a belief
    in sound money. I decided to run for president because I am deeply
    concerned that the conservative movement has drifted away from these
    principles that we once so fiercely defended. Deficits have exploded,
    entitlements are out of control and our personal liberties are threatened
    like never before.

    The current state of our economy drives home the hard truth that living
    beyond our means has caught up to us. Oil is over $100 a barrel, the
    housing market is in sharp decline and the dollar is in a free fall.

    The national debt now stands in excess of $9 trillion, more than $30,000
    per person. The total future debt obligations of the United States,
    including entitlements, are estimated at around $59 trillion, which
    equates to over $500,000 per household. Social Security and Medicare will
    likely consume the entire federal budget by 2040, threatening the average
    American with an impossible tax burden.

    As I said this past November to Federal Reserve Chairman Ben Bernanke,
    "We're indeed between a rock and a hard place, and we don't talk about how
    we got here; we talk about how we are going to patch it up." The
    "solutions" proposed so far--stimulus packages, bailouts and interest rate
    cuts--just amount to printing more money, which will lead to greater
    currency devaluation, contribute to the rising costs of living, and
    further squeeze the middle class and our senior citizens.

    This is the first time in over 100 years that monetary policy is being
    discussed in earnest during a presidential campaign. Money is the
    lifeblood of any economy, and control over a nation's currency means
    control over its economic well-being. Fed bankers quite literally
    determine the value of our money by controlling the supply of dollars and
    establishing interest rates. Their actions can make you richer or poorer
    overnight, in terms of the value of your savings and the buying power of
    your paycheck. For over 30 years, I have been urging all Americans to
    educate themselves about monetary policy in order to better understand how
    a small group of unelected individuals at the Fed and the Treasury
    Department wield tremendous power over our lives.

    In order to immediately strengthen the economy and lay the groundwork for
    continued prosperity, I have proposed a four-part plan that involves lower
    taxes, less spending, a sound monetary policy and regulatory reform.

    We can take several immediate steps to reform our archaic tax system and
    give Americans back the fruits of their labor. I will work to make the
    Bush tax cuts permanent, including a repeal of the estate tax, and I will
    fight to end taxes on Social Security benefits and income derived from
    tips. I also believe that if we are to truly address the housing crisis,
    we will end taxes on forgiven mortgage debt, which is considered "income."

    The most permanent tax reform we can undertake, though, is to end the
    income tax and abolish the IRS. We could remove the entire personal income
    tax-funded portion of the budget and the federal government would still
    receive roughly the same revenues that it did during the Clinton years.
    And we could do this without even touching Social Security and Medicare.

    The key to tax reform lies in spending reform. It's time to cut back on
    our trillion-dollar overseas budget and use that money to secure the
    programs Washington has forced so many citizens to depend on. By doing
    this, we can let younger generations opt out of these programs and save
    for their own retirements and health care needs. As president, I will also
    veto any unbalanced budget and demand that Congress address wasteful
    spending.

    Lower taxes and less government spending will put more money in your
    pocket. A sound monetary policy will increase the value of that money and
    drive down the costs of living.

    Immediate monetary reform can be achieved by requiring transparency at the
    Fed. All Federal Reserve meetings should be televised just like the
    proceedings of Congress, and they should once again make all information
    on the money supply available. I also favor legalizing competing
    currencies. History is replete with examples of the inevitable failure of
    paper money systems, from our own founding days, to inter-war Germany, to
    the monetary crisis of 1970s Latin America.

    However, I believe that for our economy to be secure in the long term,
    Congress must reassert its authority and end the unconstitutional Federal
    Reserve.

    Finally, we must be willing to undertake regulatory reform. It would serve
    us well to revisit the myriad federal regulations that have stymied the
    innovative spirit of the American people.

    One of the most damaging regulations imposed on the American people is the
    Sarbanes-Oxley Act. A survey by Financial Executives International put the
    average cost of compliance with Sarbanes-Oxley at $4.4 million, while the
    American Economics Association estimates the Act could cost American
    companies as much as $35 billion. A study by the prestigious Wharton
    Business School found that the number of American companies delisting from
    public stock exchanges nearly tripled the year after Sarbanes-Oxley became
    law. One of the best things Congress could do for the American economy is
    to repeal this damaging legislation.

    According to David Walker, former head of the U.S. Government
    Accountability Office, "We are mortgaging the future of our children and
    grandchildren at record rates, and that is not only an issue of fiscal
    irresponsibility, it's an issue of immorality."

    Unless we embrace fundamental reforms, we will be caught in a financial
    storm that will humble this great country as no foreign enemy ever could.
    However, we can find safe harbor in our ideals. Reclaiming our historic
    legacy of principled commitment to liberty will, once again, unleash the
    innovative spirit that propelled our nation to heights of prosperity never
    before achieved in human history.
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    Offline gladius_veritatis

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    A word from Ron Paul
    « Reply #1 on: March 07, 2008, 07:49:20 PM »
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  • Quote
    America became the greatest, most prosperous nation in history...


    It did?  When did that happen?

    I agree with much of Dr. Paul has to say, but he is also rather incorrect on some major points.  It matters little at this stage, for no one will listen to him (or me), and there will soon be much bloodshed.

    Liberty is a means, not an end.  We have clouded our intellects and misused our wills.  Miserere nostri, Domine.
    + Vincit veritas +


     

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