Got this in my Email. I enjoyed it, so I thought I’d share it with you all.
July 31, 2011
by Ron Paul
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.
Ron Paul: “Even under the Boehner plan the spending is going up over a trillion dollars. So all these cuts are fictitious, they’re only cut in the CBO-projected increases. So it’s all a fraud – we know this is all political gamesmanship. This bill has nothing to do with solving the problems.”
Ron Paul: “August 2nd is more related to the month of August being off, because there’s nothing magic about August 2nd. It is a bunch of fear mongering going on that the checks won’t come to the Social Security beneficiaries. But what they ought to worry about is all of us getting checks in money that has less value; that is the default this country ought to be worried about.”
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