Deficits mean future tax increases, pure and simple. Deficit spending should be viewed as a tax on future generations, and politicians who create deficits should be exposed as tax hikers.
Ron PaulEveryone on the Commission assumes that 9/11 resulted from a lack of government action. No one in Washington has raised the question of whether our shortcomings, brought to light by 9/11, could have been a result of too much government.
Ron PaulThe Fed has one power that is unique to it alone: it enables the creation of money out of thin air. Sometimes it makes vast new amounts. Sometimes it makes lesser amounts. The money takes a variety of forms and enters the system in various ways. And the Fed does this through techniques such as open-market operations, changing reserve ratios, and manipulating interest rates, operations that all result in money creation.
Ron PaulFailure of government programs prompts more determined effort, while the loss of liberty is ignored or rationalized away...whether is it is the war on poverty, drugs, terrorism...or the current Hitler of the day, an appeal to patriotism is used to convince the people that a little sacrifice of liberty, here or there, is a small price to pay...The results, though, are frightening and will soon become even more so.
Ron Paul