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

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
 
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.
 
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.
 
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?
 
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.
 
Most of the time the biggest nutjob ron paul...hes cracked

Many persons like myself are sick and tired of the old status quo and the way our politicians govern us. I hear time and again persons complain about the way our two party system has failed us yet when an alternative comes along that has a different view on the way things should be done they are labeled a nut...

Anyone that is sick of the current system should at least give something else a try. How are you to know if it would be better or worse if you refuse it give it a chance?
 
Many persons like myself are sick and tired of the old status quo and the way our politicians govern us. I hear time and again persons complain about the way our two party system has failed us yet when an alternative comes along that has a different view on the way things should be done they are labeled a nut...

Anyone that is sick of the current system should at least give something else a try. How are you to know if it would be better or worse if you refuse it give it a chance?

That's the liberal response for those who don't have socialist tendencies.
 
Many persons like myself are sick and tired of the old status quo and the way our politicians govern us. I hear time and again persons complain about the way our two party system has failed us yet when an alternative comes along that has a different view on the way things should be done they are labeled a nut...

Anyone that is sick of the current system should at least give something else a try. How are you to know if it would be better or worse if you refuse it give it a chance?
I'm all for trying something new in this country, but Ron Paul's ideas are not new. They are pretty much laissez farrie capitalism which has been proven a total failure as has capitalism in general. The answer to our problems lies not in looking to the past, but looking forward. The answer lies in socialism.
 
I'm all for trying something new in this country, but Ron Paul's ideas are not new. They are pretty much laissez farrie capitalism which has been proven a total failure as has capitalism in general. The answer to our problems lies not in looking to the past, but looking forward. The answer lies in socialism.

Capitalism didn't fail, we failed capitalism by allowing it to turn into Corporatism. As much as you dismiss Paul, the idea of socialism is farther behind in the states. (I have nothing against you or socialism fyi). I don't know which candidate you're looking at that is going to give you socialism but none of them are going to do so. The best everyone can hope for is fixing an imperfect system (imperfect by people's greed). Bringing the troops home, stop nation building, stop bombing the crap out of everyone, no more foreign aid, no bail outs, no wars without a declaration from congress, state rights, etc...

Ron Paul is the only candidate with enough principle to follow through with this since he's been on the same message since the 70's. You and Wiggen call that crazy, then who the hell is sane?


 
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Capitalism didn't fail, we failed capitalism by allowing it to turn into Corporatism. As much as you dismiss Paul, the idea of socialism is farther behind in the states. (I have nothing against you or socialism fyi). I don't know which candidate you're looking at that is going to give you socialism but none of them are going to do so. The best everyone can hope for is fixing an imperfect system (imperfect by people's greed). Bringing the troops home, stop nation building, stop bombing the crap out of everyone, no more foreign aid, no bail outs, no wars without a declaration from congress, state rights, etc...

Ron Paul is the only candidate with enough principle to follow through with this since he's been on the same message since the 70's. You and Wiggen call that crazy, then who the hell is sane?



Kucinich would do much the same without shredding our safety net.
 
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