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Thread: Ron Paul: "We Will Default because the Debt is Unsustainable"

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    Re: Ron Paul: "We Will Default because the Debt is Unsustainable"



    It would be good if America had more people like Ron Paul.

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    Re: Ron Paul: "We Will Default because the Debt is Unsustainable"

    Quote Originally Posted by Baralis View Post
    If one were to research Ron Paul they may be surprised. While he is often times labeled a loon he has accurately predicted many problems that have come to pass including recessions, bubbles, inflation. I have come to heed his warnings.

    I agree 100%
    There is a storm coming.
    CORPORATE GREED AND UNION GREED
    DEMOCRATS AND REPUBLICANS
    DESTROYING THE BEST OF AMERICA ONE DAY AT A TIME

    This is the worst kind of discrimination. The kind against ME! ~ Bender

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    Re: Ron Paul: "We Will Default because the Debt is Unsustainable"

    Quote Originally Posted by Canell View Post


    It would be good if America had more people like Ron Paul.
    I agree with everything he said.

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    Re: Ron Paul: "We Will Default because the Debt is Unsustainable"

    Quote Originally Posted by rathi View Post
    While a serious problem, the debt we have is not insurmountable. The debt to GDP ration was higher in the 40's. We are rapidly approaching the edge of the cliff but we are not yet airborne. Now the time for decisive action, not doom and gloom fatalism.
    Poor analogy... back then we knew spending would plummet soon after the war. The current debt situation is poised to explode in the other direction.

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    Re: Ron Paul: "We Will Default because the Debt is Unsustainable"

    Quote Originally Posted by donsutherland1 View Post
    Although the nation's debt burden is enormous in terms of absolute dollars, it is not at a level that can only lead to default as a share of the economy. If, and only if, the mandatory spending programs are not addressed would the nation see the debt rise to such a level.
    If and only if? What happens if by some unforseen event our ridiculously low interest rates rise to the average, or god forbid, to the levels we had thirty years ago?

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    Re: Ron Paul: "We Will Default because the Debt is Unsustainable"

    Quote Originally Posted by Badmutha View Post
    At times.....the only grown up in Washington--Ron Paul.

    What will soon be 96 Debt Limit Increases later.......in the name of "preventing a default".......will ultimately be the default. A default and train wreck we have seen coming for the better part of the century.......while a massive bloated liberal nanny state government insists they have to spend more while calling Ron Paul a nutjob.

    Paul/Paul in 2012!
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    Most of the time the biggest nutjob ron paul...hes cracked

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    Re: Ron Paul: "We Will Default because the Debt is Unsustainable"

    Quote Originally Posted by donsutherland1 View Post
    Although the nation's debt burden is enormous in terms of absolute dollars, it is not at a level that can only lead to default as a share of the economy. If, and only if, the mandatory spending programs are not addressed would the nation see the debt rise to such a level. For now, the nation still has some time and latitude to shift its fiscal course and avoid such an outcome. I hope that the nation's leaders will do so, first with a downpayment tied to the debt ceiling increase, and later with a credible and significant long-term fiscal consolidation strategy that goes beyond the savings tied to the debt ceiling increase.
    The bolded is the primary reason I don't really expect anything meaningful to happen. The vast majority of politicians can't bear to tell their consitituents *no*. Politicians get re-elected on promises, and those promises typically mean putting money in peoples' pockets. As a nation, we've become so dependent that most willingly vote for whomever promises what's best for them, the individual, and not what's best for the long-term survival and viability of the nation as a whole.
    "God is the name by which I designate all things which cross my path violently and recklessly, all things which alter my plans and intentions, and change the course of my life, for better or for worse."
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    Re: Ron Paul: "We Will Default because the Debt is Unsustainable"

    Quote Originally Posted by rathi View Post
    While a serious problem, the debt we have is not insurmountable. The debt to GDP ration was higher in the 40's. We are rapidly approaching the edge of the cliff but we are not yet airborne. Now the time for decisive action, not doom and gloom fatalism.
    If our yearly GDP was continuing growth, rather than the stagnation we've seen for the past four years, and if we hadn't had the economic collapse of '08, and if we were still heavy on the manufacturing end of economic resources rather than heavily service sector, I might agree with you. I don't personally see any positive indicators, and I do see continuing debt growth relative to income.
    "God is the name by which I designate all things which cross my path violently and recklessly, all things which alter my plans and intentions, and change the course of my life, for better or for worse."
    -C G Jung

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    Re: Ron Paul: "We Will Default because the Debt is Unsustainable"

    Quote Originally Posted by haymarket View Post
    Ron Paul is perhaps the most despicable imitation for a political leader that we have seen since the days of the rabid segregationists of the Fifties. If he got his way, America would be destroyed and the American people reduced to shades of what they are today. His unique brand of libertarian corporatism would put us firmly on The Road to Serfdom.

    This latest pompous pontification from the old gasbag does not surprise me....... but it does disgust me.
    Ron Paul supports corporatism? How come the corporations don't seem to notice and instead give all their money to his opponents?

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    Re: Ron Paul: "We Will Default because the Debt is Unsustainable"

    Quote Originally Posted by donsutherland1 View Post
    Although the nation's debt burden is enormous in terms of absolute dollars, it is not at a level that can only lead to default as a share of the economy. If, and only if, the mandatory spending programs are not addressed would the nation see the debt rise to such a level. For now, the nation still has some time and latitude to shift its fiscal course and avoid such an outcome. I hope that the nation's leaders will do so, first with a downpayment tied to the debt ceiling increase, and later with a credible and significant long-term fiscal consolidation strategy that goes beyond the savings tied to the debt ceiling increase.
    I agree, there is time. But if the people fail to heed the warnings we will default. There was time to heed Paul's warnings on the housing bubble. Nobody listened.

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