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

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

    Ron Paul: "We Will Default Because The Debt Is Unsustainable" | RealClearPolitics

    "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."
    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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    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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    .
    .
    .

    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.

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

    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.
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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.
    I like how you use "The Road to Serdom"

    That was a good book. It described something that actually made sense though. You know, unlike you.

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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.
    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.

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

    Quote Originally Posted by Henrin View Post
    I like how you use "The Road to Serdom"

    That was a good book. It described something that actually made sense though. You know, unlike you.
    The fact that it was fundamentally wrong seems not to bother you.

    from the Wikipedia article on the book


    Gordon Tullock has argued Hayek's analysis predicted totalitarian governments in much of Europe in the late 20th century. He uses Sweden, in which the government at that time controlled 63 percent of GNP, as an example to support his argument that the basic problem with The Road to Serfdom is "that it offered predictions which turned out to be false. The steady advance of government in places such as Sweden has not led to any loss of non-economic freedoms."
    His predictions were wrong.
    Last edited by haymarket; 07-19-11 at 09:53 PM.
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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.
    Well, I was up in the air on what Paul said, but since you were able to disprove his assertion with thorough evidence, I have no choice but to consider this man a loon and a danger to society
    Last edited by Helvidius; 07-19-11 at 09:52 PM.
    Mr. Madison, what you've just said is one of the most insanely idiotic things I have ever heard. At no point in your rambling, incoherent response were you even close to anything that could be considered a rational thought. Everyone in this room is now dumber for having listened to it. I award you no points, and may God have mercy on your soul.

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

    Quote Originally Posted by haymarket View Post
    The fact that it was fundamentally wrong seems not to bother you.

    His predictions were wrong.
    Ignoring that they turned away from their direction a bit.

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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.
    It seems the Further Left this country ventures.....the more brilliant Ron Paul becomes.....your right the guy has been spot on.......on an array of issues at hand.....and those to come.

    But there are those that will refuse to listen......
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    Re: Ron Paul: "We Will Default because the Debt is Unsustainable"

    How would the Forefathers and Founders be received if they were to return to Washington today?

    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.
    With Torches and Pitchforks from the DNC.......
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