Now a postiive word about Ron Paul

Discussion in 'Politics' started by Liability, Jul 19, 2011.

  1. Liability
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    Liability Locked Account. Supporting Member

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    I have VERY mixed feelings about Ron Paul.

    I saw a Drudge headline a little while ago and assumed that Ron was just wandering over in crazy-ville again. He was saying that we "WILL" default when the whole battle is over finding a way to properly prevent such an economic disaster.

    Then, out of mostly idle curiosity, I skimmed his message.

    Holy Mother of God, the guy is actually right on the mark.

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

    The debt IS unsustainable. But that doesn't mean we have to default. But what Ron Paul is saying is more highly nuanced:

    We won't default by declining to send out payments as due. We will, most likely, if we don't immediately fix this huge problem, proceed to "pay" the bills with nearly worthless dollars. We will all end up with money but it will, in effect, be valueless money.
     
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    Last edited: Jul 19, 2011
  2. uscitizen
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    uscitizen Senior Member

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    Perhaps that will raise the price of imports so that we will once again start making consumer items here in the USA?

    Many different economic angles coming up in our near future, and most of them are bad.
     
  3. The T
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    The T George S. Patton Party Supporting Member

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    Inflation? Here we are.
     
  4. Oddball
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    Oddball BANNED Supporting Member

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    Been tellin' youse guys.....
     
  5. uscitizen
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    uscitizen Senior Member

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    Inlfation here we have been.
    The median wage earner today earns what they did in 1969 considering inflation.
    I am not talking about average income but avg wages earned.
    A few wall street bonuses skews the heck out of average income.
     
  6. uscitizen
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    uscitizen Senior Member

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    Yep I was tellin them back in the 80's when Reagan was running up the debt.
    But "Reagan proved the defecit does not matter".
    Ron paul was one of the few republicans complaining about Bush II spending like a drunken sailor.
    this problem is not just Obama's problem but has been building for over 30 years.

    We went from a creditor to debtor nation under Reagan.
     
    Last edited: Jul 19, 2011
  7. Moonglow
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    Moonglow Diamond Member

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    Luckily there is an option for you deppressed maniacs.



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  8. Liability
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    Liability Locked Account. Supporting Member

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    You have indeed been telling us that Dr. Paul is "right."

    He sometimes is not.

    He is sometimes a bit of a kook.

    On the other hand, when he is right, he tends to be full-throated and right-on-the-mark right.

    I have also been telling anyone who cares to listen that we have an urgent obligation to address our spending addiction and fix our addiction to spending massive amounts of money we don't have (and have no real hope of obtaining). I see that Dr. Paul is very much on the mark on that.

    Good for him and good for you, too, Oddball.
     
  9. Oddball
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    Oddball BANNED Supporting Member

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    Only because Reagan's model exchanged 12+% inflation and 20+% interest rates for that debt....And the democratics were all too happy to go along with kicking the can down the road.

    That's not excusing anyone...Just pointing out the inescapable facts...Again.
     
  10. uscitizen
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    uscitizen Senior Member

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    I respect Ron more than most politicians. He stands up for what he believes and is quite realistic in several areas.
    He is however a kook on some angles..

    His son does not even merit mention though.

    Dynastical politics suck about as bad as dynastical evangelistic empires.

    Is Ron going to have a blimp again?
     

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