Ron Paul releases 4 part letter

[MarketMasher]

One of the questions at the end of the first GOP debate was "who on the stage would be your preference for a running-mate?"

Paul's answer was "I'd have to inquire further - I haven't even heard their opinion on the Federal Reserve yet."

THAT is going to be interesting. Because whether you think Paul can win or not (I believe dismissing him out-of-hand is close-minded) he is going to interject the topic of the Federal Reserve and it's place in allowing banks that should have failed to grow larger and distort the economy.

If he gets to the point he can debate Obama - that will REALLY be interesting.

 

[Hombre]

Quote from seneca_roman:

Agree with you, but I don't see Paul or whoever gets elected vetoing a spending bill for Medicare or Social Security or Defense that puts us in deficit.

If you look at Federal spending, cutting everything but Defense, Social Security, Debt service, Medicare and Medicaid still leaves us in a deficit.

Seneca

I don't hink that you are know Paul at all. He would cut defense and medicare in a heartbeat.

 

[seneca_roman]

Quote from achilles28:

You're mistaken. Ron Paul campaigns on ending the war, closing most overseas bases and gutting the defense budget. That's close to 500 Billion in savings. As far as Medicare and SS, he plans to phase it out. Yes, he won't throw granny under the bus, but read between the lines. They're unconstitutional. The Federal Government has no business providing a safety net to anyone. Paul wants to eliminate the gigantic bureaucracies and entitlement system that has bankrupted this country. That means most of these gimmie programs will take big haircuts, if not get axed all together. That's exactly what needs to be done. What you don't understand is by 2016-2017, America will go bankrupt. Paul understands this. {SNIP}

1. The Defense budget for 2012 is just over $700 billion so you suggest he will cut most of it. Basically, this is impossible as this would deprive Vets of health care and retirement that are mandated by existing law. To cut these, he would have to repeal the appropriate laws, something I think is near impossible.

2. SS collects about 12% of all payroll-a huge amount of money; so it don't go broke. It just can't pay at current levels. No politician who cares to be elected will get far suggesting its elimination.

I agree that big changes are needed but things like eliminating SS and Medicare will be near impossible unless we go to something like the German model where you arr mandated to buy insurance or make investments that yield results similar to SS and Medicare.

As far as constitutionality, the Supremes have decided it is: see
Steward Machine Company v. Davis, 301 U.S, 548[24] and Helvering v. Davis, 301 U.S. 619 (1937).

I wish Paul well and like a lot of his ideas but I don't see him getting elected.

Seneca

 

[tradinglucy]

Quote from Tsing Tao:

But he has said he WILL cut defense. So I'm not sure where you're going here.

Politicians are all talk. None of them keep all their campaign promises.