Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Ron Paul: "We Will Default Because The Debt Is Unsustainable" (video)
Real Clear Politics ^ | 7/19/11

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 ...


TOPICS: Government; News/Current Events
KEYWORDS: debt; default; dept; ronpaul
Navigation: use the links below to view more comments.
first previous 1-2021-4041-60 next last
To: Allegra

Stop picking on the Paultards. They’re hurting enough knowing their loony leader is losing in his bid to legalize heroin.


21 posted on 07/19/2011 5:33:05 PM PDT by South40 (Palin/Cain 2012!)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Evil Slayer
If he gets on the ticket as a “write in” or whatever, he will only siphon off votes from the Republican candidate.

I honestly think he'd pull more votes from the left. There are a lot of liberals in his cult.

22 posted on 07/19/2011 5:33:20 PM PDT by Allegra (Hey! Stop looking at my tagline like that.)
[ Post Reply | Private Reply | To 16 | View Replies]

To: South40

;-)


23 posted on 07/19/2011 5:34:46 PM PDT by Allegra (Hey! Stop looking at my tagline like that.)
[ Post Reply | Private Reply | To 21 | View Replies]

To: Allegra
What?

He's not the second coming?

*mumbling about the constitution*

24 posted on 07/19/2011 5:34:59 PM PDT by Lakeshark (Thank a member of the US armed forces for their sacrifice)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Allegra

Hey, I like your style of thinking. :-)


25 posted on 07/19/2011 5:35:51 PM PDT by Evil Slayer (Onward, Christian soldiers, marching as to war)
[ Post Reply | Private Reply | To 22 | View Replies]

To: SoDak

So vote for the man who doesn’t have the audacity to oppose the Leftist assault on traditional values and lies to SoCons in Iowa about it? That was one of the last straws for me. He writes a book and says we should tolerate all definitions of marriages, making silly arguments that if actually enacted would make a mockery of our courts in cases beyond marriage, and then has the audacity to tell Christians in Iowa that he is going to defend marriage. BS, Dr. Paul.

There are other current and potential candidates who have decent records that prove they can accomplish at least a portion of what they set out to achieve. All Ron Paul has are some decent floor speeches and he does a nice job as Chief Inquisitor of the Federal Reserve, even though he can’t get his audit bill passed despite having at one point enough cosponsors in the House to override a veto attempt.


26 posted on 07/19/2011 5:37:05 PM PDT by RecoveringPaulisto
[ Post Reply | Private Reply | To 19 | View Replies]

To: Evil Slayer
If anyone is wondering why the Fed keeps printing and the govt keeps "borrowing" that money to spend...it's because they are trying to increase inflation in a serious manner. I don't hink they can do it for various reasons, but that's what they are trying to do.

It solves all of governments problems.

All entitlements get cheaper...housing recovers from the fall...government can spend far more than it takes in taxes...and the DEBT becomes so very much cheaper as well.

Thing is, I don't think it's ever worked. Nobody has quite dialed in with that degree of perfection when it comes to printing money.

And, it's a very complex approach. You can't quite predict WHERE that printed money will end up. Consumers? Businesses and jobs? Commodities and Stocks? Perhaps even gold in Switzerland.

They should have read Mises and let the crash happen without any intervention whatsoever.

27 posted on 07/19/2011 5:37:54 PM PDT by Mariner (War Criminal #18)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Allegra
I honestly think he'd pull more votes from the left. There are a lot of liberals in his cult.

My family consists primarily of liberals. And several, knowing I am a conservative, just love ruPaul and have urged me to vote for him.

28 posted on 07/19/2011 5:38:33 PM PDT by South40 (Palin/Cain 2012!)
[ Post Reply | Private Reply | To 22 | View Replies]

To: sten
Thank you. Ron Paul is correct, and somebody has to say it. The end result in any case is impoverishment of the US taxpayer - it can look like inflation, it can look like recession, depending on how the federal government, including the "Republicans," want to play the "economic" statistics.

Look how many people even on FR fall for the arcane "economists" arguments about debt limits, inflation., recession, unemployment. It is all verbal smoke and mirrors, to the level of Nobel economists.

A nation either has enough honesty to back it's currency with real competitive global production (that production can be either workplace or natural resources); or it is phony to the root . And if it is phony to the root, the global wolves and hungry are going to eat it for lunch. How obvious is it that that is exactly what is happening to the US; and that the self aggrandizing political class wants to obscure every aspect it possibly can to maintain their position and ego?

The tragedy is that the US, geoconstitutionally, is in a great global position to circle the wagons and protect its taxpayers; it has arable land, water, fossil fuels, renewable energy resources, harbors, coasts; all while it could (and should) identify, isolate, and demote (or deport) the lazy arrogant government dependent extortionists.

There are immense sinister planet wide forces who do not want this to happen. It is deep. And it is why Barack Obama was funded across the planet. And that is exactly why Sarah Palin is impugned, she knows what is going on. So does Ron Paul.

So I guess this is just talk. We need more of it, after all that is what BO and his Media sycophants are all about.

Johnny Suntrade

29 posted on 07/19/2011 5:38:46 PM PDT by jnsun (The Left: the need to manipulate others because of nothing productive to offer.)
[ Post Reply | Private Reply | To 9 | View Replies]

To: Allegra

He would. There are seriously people on Ron Paul Forums who think that they can get enough Dems to crossover and vote Paul in the GOP primaries to win. Now, this isn’t possible, but some will try and he’ll get more votes from them than from conservative Republicans he has duped.


30 posted on 07/19/2011 5:40:03 PM PDT by RecoveringPaulisto
[ Post Reply | Private Reply | To 22 | View Replies]

To: RecoveringPaulisto

Irrelevant. As long as he sponsors none that is enacted, he has accomplished great things.

The role of government in an environment of debt is to do nothing. Anything done worsens the situation.


31 posted on 07/19/2011 5:52:59 PM PDT by Owen
[ Post Reply | Private Reply | To 17 | View Replies]

To: jnsun

Most Paulbots would hire a pedophile to babysit their kids if he acted as if he were frugal. They would just over look that “other thing”.


32 posted on 07/19/2011 5:53:22 PM PDT by Eaker (The problem with the internet, you're never sure of the accuracy of the quotes. Abraham Lincoln '65)
[ Post Reply | Private Reply | To 29 | View Replies]

To: SoDak

On economic issues - there is no one even close to him.


33 posted on 07/19/2011 5:57:53 PM PDT by GlockThe Vote (The Obama Adminstration: The flash mob who wonÂ’t leave.)
[ Post Reply | Private Reply | To 19 | View Replies]

To: Evil Slayer

We’ll just print money before we default.


34 posted on 07/19/2011 5:58:29 PM PDT by loreldan (I'm shocked)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Owen

Ron Paul is the irrelevant one. Making a bunch of sole no votes is irrelevant if you have accomplished nothing. And, believe me, I would have joined him on many of his no votes. That doesn’t make it fit for him to be President. The point still stands that he has not stopped a single bill from passing Congress, nor has he advanced any legislation that would get government out of our lives. The only real legislative accomplishment I can name is his getting passed an extremely watered down audit bill attached to a piece of grotesque legislation that few Republicans voted for.

All he does is give an occasionally decent floor speech, but most of his speeches are still pieces of rambling nonsense that only his cult fans can understand. Most of the rest of us just go like “huh?”


35 posted on 07/19/2011 6:00:20 PM PDT by RecoveringPaulisto
[ Post Reply | Private Reply | To 31 | View Replies]

To: GlockThe Vote

Totally agree


36 posted on 07/19/2011 6:03:18 PM PDT by SoDak
[ Post Reply | Private Reply | To 33 | View Replies]

To: RecoveringPaulisto

Don’t care if he’s elected prez.

My agenda is to change the mindset of people into praise of zero government activity rather than viewing “accomplishment” as admirable. That includes bills to prohibit abortion. That includes bills to increase military funding. Accomplishment is harmful.

Any bill that causes government expenditure for any cause, liberal or conservative, in an environment of debt, is harmful.


37 posted on 07/19/2011 6:05:57 PM PDT by Owen
[ Post Reply | Private Reply | To 35 | View Replies]

To: Owen

So wait, you wouldn’t admire a reduction in government spending? You would prefer just keeping things the way they are? They have a name for that: It’s called reactionary.


38 posted on 07/19/2011 6:10:05 PM PDT by RecoveringPaulisto
[ Post Reply | Private Reply | To 37 | View Replies]

To: RecoveringPaulisto

There is no such thing as a reduction in government spending.

It starts each year at 0.

Bills passed enact non zero spending, which is an increase.


39 posted on 07/19/2011 6:27:26 PM PDT by Owen
[ Post Reply | Private Reply | To 38 | View Replies]

To: Owen

Are you an anarchist?


40 posted on 07/19/2011 6:30:11 PM PDT by RecoveringPaulisto
[ Post Reply | Private Reply | To 39 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-60 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson