Ron Paul to Congress: If Debt Is the Problem, Why Do You Want More of It?

It comment like this that Paul has been saying to bury reality deeply into the subconscious of the other members of congress. He's been one of the few that keeps and anchor tied to their leg so as to prevent those cocksuckers from turning this nation into another Mexico.

Congress to Ron Paul: If Debt is the problem, why not raise taxes?









^^Ron Paul, like all Libertarians, are huge globalists^^

Buddy copies and pastes the same two weak videos over and over.

The copy and paste bandit fulfills his existence one clipboard dump at a time.

And that's different from how Ronulans operate, how?

Ron Paul has no intention of balancing the budget.

$1 trillion in cuts = deeper recession in the short term, even according to his own guys.

Deeper recession = lower tax base. We'll be generous and say tax revenue only drops by $100 billion with $1 trillion in cuts.

Next, he advocates massive tax cuts for the ultra rich including estate tax, capital gains, and dividends.

The estate tax brings $400 billion per year:

[link to www.americanprogress.org]

Capital gains tax brings over $100 billion per year:

[link to www.american.com]

And the dividend tax brings in $50 billion per year:

[link to www.nytimes.com]

So that's $650 billion in decreased taxes resulting from a generous reading of the economic impact of his budget cuts plus just a few of the tax cuts he proposes.

Now, we're looking at his $1 trillion in cuts decreasing the budget deficit by only $350 billion without even factoring all of the tax cuts into play (it is really closer to no decrease in budget deficit at all just from the tax cuts).

Then you consider the fact that he is an Austrian and advocates higher interest on loans. Under a hypothetical RP presidency, he'd start off with about $17 trillion in debt and budgets $250 billion in interest payments on this in his 4 year budget plan. This is an effective interest rate of 1.4% compared to the 7% that new Italy bonds are yielding and they are in little worse shape than us.

We're running $1.5 trillion+ budget deficits per year and would start off an RP presidency with about $17 trillion in debt. Let's say the interest paid on that debt is bumped up only 0.5% per year in his four years and since we know that his tax cuts cancel out most of his budget cuts, we can assume the budget deficit will continue at $1 trillion+ per year.

First year: Start with $17 trillion debt. +1 trillion deficit + $70 billion in extra interest (1.9% interest on debt versus current average of 1.4% means $320 billion in interest payments versus his budgeted $250)

Second year: Start with $18.07 trillion in debt. +1 trillion deficit + $170 billion in extra interest (2.4% interest on debt versus current average of 1.4% means $430 billion in interest payments versus his budgeted $260)

Third year: Start with $19.24 trillion in debt. +1 trillion deficit + $280 billion in extra interest (2.9% interest on debt versus current average of 1.4% means $560 billion in interest payments versus his budgeted $280)

Fourth year: Start with $20.52 trillion in debt. +1 trillion deficit + $400 billion in extra interest (3.4% interest on debt versus current average of 1.4% means $700 billion in interest payments versus his budgeted $300)

End of RP presidency under very generous figures in his favor is total debt of $22.92 trillion.

...besides, many of you Paulbots need to see this video. I know you joined the Ronulan-Brigades for the wrong reasons.

Some people like to cherry pick the past repeatedly in repeat mode for weak butt nuggets in an attempt to prove a point. Others like to follow the daily waking reality of life's progression into the future as it transpires.

Make sure you get a front row seat, it's going to be an interesting ride.

The repeated name calling and makes your argument so remarkably compelling.

Laughable attempts at swaying public opinion.

Best of luck!

Now I will do a more realistic analysis rather than grossly favoring RP.

As stated above, his tax cuts will roughly cancel out his budget cuts. Therefore we should assume, at best, a constant budget deficit which is projected at $1.6 trillion for FY2012. The situation is of course worse but this time around we are only going to ignore the decreased economic activity that the cuts would cause (even according to his own economist) in the short term so that the analysis only slightly favors RP.

Additionally, rather than a 0.5% increase in average interest per year we will bump it up to 1%. Consider that Greece is paying 200%+ on their new debt now and much of Europe approaching 10% and headed higher. Volcker, a chairman Paul has spoken highly of, raised rates all the way to 21.5% at one point and we are only going to get up to 5.4% by the end of a hypothetical first time of RP so this is actually still a very generous scenario in his favor.

We start RP presidency with $17 trillion deficit.


First year: Start with $17 trillion debt. +1.6 trillion deficit + $160 billion in extra interest (2.4% interest on debt versus current average of 1.4% means $410 billion in interest payments versus his budgeted $250)

Second year: Start with $18.76 trillion in debt. +1.6 trillion deficit + $380 billion in extra interest (3.4% interest on debt versus current average of 1.4% means $640 billion in interest payments versus his budgeted $260)

Third year: Start with $20.74 trillion in debt. +1.6 trillion deficit + $630 billion in extra interest (4.4% interest on debt versus current average of 1.4% means $910 billion in interest payments versus his budgeted $280)

Fourth year: Start with $22.97 trillion in debt. +1.6 trillion deficit + $940 billion in extra interest (5.4% interest on debt versus current average of 1.4% means $1240 billion in interest payments versus his budgeted $300)

End of RP presidency under very generous figures in his favor is total debt of $25.51 trillion.

This would be an increase of over $8 trillion in the deficit and we're being rather rosy still.

In conclusion, what can you safely say about a RP fan?

They either can't do math or hate America.

Go back to the drawing board, trust me, Paul knows more about economics than all the other dickheads in Congress put together, as well as you and I. To keep going the way we are is not an option. Nice try though.

"Cherry pick" the past? All you Ronulans do is spam the internet and stuff ballot boxes at straw polls.

This is just a repeat of 2007.

Speak for yourself. Ron Paul is a low grade moron compared to me.

That's why he's running for the most powerful position on the planet, which he's winning, and you're posting on GLP.

Libertarians = Politician

There you go i have corrected it for ya.

Ok who you going vote for then?

Who is the better alternative?

Ron Paul is shilling for the government version of 9/11 truth and desperately trying to fend off and co-opt an awakening.

History will not remember him well.

I hope DHS steps up it's online spec ops staff. Talk about weak counter arguments.

What I'm seeing here is just not going to cut it moving forward...lol.

People who put their faith in breathing politicians don't really require sophisticated tactics. The vast majority of America isn't taking RP seriously regardless of what the spambots would like to believe.