Posted on 07/19/2011 4:38:47 PM PDT by Evil Slayer
"When a country is indebted to the degree that we’re indebted, the country always defaults. We will default because the debt is unsustainable," Rep. Ron Paul (R-TX) said on the House floor today.
"If we don’t understand this, this default will not be because we don't send out the checks. We will send out the checks. It will be defaulted on because people will get their money back, or they will get their Social Security checks and it won't buy anything."
(Excerpt) Read more at realclearpolitics.com ...
(The guy never does anything....he just talks. And the Paultards act like he's the second coming.)
He would be right, the math does not add up, unless the Fed buys the debt and cancels it, this idea seems to be gaining traction.
Most think this would lead to hyperinflation, but I am starting to think they may be wrong because the economy is so weak there is no pressure on wages and companies can’t raise prices because of slack demand.
The guy never does anything....he just talks.Any such topic is a Before Action Report. :')
My question to my former fellow Paul cultists: Why does Ron Paul want to be President if he knows we are going to default? Also, it’s simply bogus to believe that while national debt service still makes around 10% of revenues. It’s definitely a dangerous situation if we go further along this road, but default will not be inevitable for at least several more years. More scaremongering from the Paul camp. Ironically, they accuse “neocons” (i.e., anyone who supports foreign intervention under any circumstance whatsoever) of scaremongering on radical Islamists.
Why doesn’t Ron Paul try to do something about it instead of whining? All he does is whine, then vote against bills, then say stupid stuff, and then repeat step one. It really gets old after a while. At least Rand came up with a budget proposal. Wasn’t radical enough for Ron Paul, apparently.
The only thing I trust Ron Paul with is to be the Chief Inquisitor of the Federal Reserve at this point. That’s what he’s good at.
yea! he just talks!
unlike other politicians... which participate in cage matches, slay dragons, and load ships with goods being sold to other countries.
/sarc
are you on crack?
crickets chirping
The thing I like about Ron Paul is he is the only one of the 535 that really believes in smaller government. No other politician in Washington is willing to give up even a tiny earmark, so we will default. There is no doubt about that.
In an environment of debt, the best legislators accomplish no legislation.
They prevent legislation. That’s what excellence is when you are in debt.
A legacy of lunacy and trutherism.
Respect that!
Ironic because Ron Paul was one of the three Republicans who refused to give up his earmarks last year.
Ron Paul is the one who isn’t serious. Jim DeMint, Ron Paul’s son Rand, Mike Lee, Michele Bachmann, and a host of others are looking for serious ways to reduce deficit spending and restore our Constitution, but all Ron Paul wants to do is advance his radical agenda. Now, I agree with a lot of Ron Paul’s agenda myself (not as a radical, but as an old school conservative), but I wouldn’t advance it at the expense of the American people. Ron Paul could be a voice at the table if he wanted to be, but no, he just wants to advance his agenda.
LOL - typical angry little Paultard response. You kids never let me down. ;-)
Can you name me one piece of significant legislation that Ron Paul has blocked? I said “accomplishment,” not what legislation he has advanced.
Naw, you goonies haven't made it legal yet. Maybe after fag marriage.
I’m voting for him. For the first time. What difference can it possibly make? What good are any of these other candidates? I believe the country is all but a lost cause, and voting at all is largely symbolic. I see zero national willpower for turning this boat around before it hits an iceberg. I see a country where the idea of small central government, along with traditional values is lost. I think it’s pretty much over.
The math does not add up for a reason. Obama has no inkling about money and finances, because those subjects involve math. Obama was always a Learning Disabled student. He has dyscalculia. 57 states? The wrong year on a guest book in England? One more week until his birthday? Obama was an affirmative action student because of his dyscalculia. That’s why all his school records are sealed. Obama is an affirmative action LD president. Don’t ever expect him to internalize or realize anything based on numbers. Our politicians in DC are doing us all a great disservice by pretending Obama could ever understand a budget. Not gonna happen, and they know it.
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