You’re Going To Guarantee A Depression!!! Ron Paul

Okay man… I am in econ, I know what they are and I think you are confusing the two. No wonder smart people with money are moving out of the US. If I don’t see any hope in people like you, what would they see… You think a country cannot go bankrupt. If you look at the US as a huge company, it is worthless in Benjamin Graham’s standard(read “security analysis”). Soon the interest rate would have to spike and it would be impossible to roll over the debt position. That’s called bankruptcy.

They will have to borrow it and phase out Bush’s tax cuts. That is better than the collapse of our entire economy.

Our debt was 3x greater after World War II as a % GDP but we were able to pay it over time.

We also had budget surpluses before Bush’s tax cuts cut gov revenues 20%.

I did respond to your question. You are confusing money coming in and out with long-term assets and debts. Please google *income statement* and *balance sheet.*

seriously with WHAT money are you gonna pay this with? America has no MONEY. US GDP is 77% consumption. over 90% of the debt back in the 1945 was owned by Americans, now it is owned by the Chinese. And you did not understand my previous reply.When they were writing their books in 1990s, they counted the social security as revenues to plug the budget deficit when infact it should have been counted as liabilities or debt to the people.

the same solution for the same greedy beedy eyed
imbeciles in Washington
got a trouble start the printing presses
only trouble is the world is saying that paradigm is over
and what they mean is America is over and out.
prepare for you are heading for the culmination of of your greed and gluttony
and the bodies will be many.

This bailout is far less costly than the collapse of our entire economy.

Our debt was far greater as a % GDP after world war II but we didn’t need a financial collapse and global economic meltdown to pay it.

The federal gov even had a budget surplus in the 1990s. A lot of our federal gov’s deficit is coming from Bush’s huge tax cuts.

Well I don’t understand how an $850 Billion bailout you like and call conservative and and the other bailouts like what $123 Billion for AIG and between $1 And $2 Trillion for Freddie Mac and Fannie Mae is going to help out when we deficit spent around $500 Billion more than we took in last year. Buess we need that nation debt up around a $100 Trillion since we will never pay it anyway.

The illegal Federal Reserve is causing the inflation. Henry Paulson caused the debt.

You are confusing balance sheets and income statements.

Deficits and budget surpluses are based on the difference between revenues and expenditures.

Capitalization and solvency are based on assets versus liabilities.

Our government was taking in more than it was spending. Ron Paul voted for massive, irresponsible tax cuts that wiped this out.

did u know that by current accounting standard, the social securities are held as assets not liabilities? which means when the government report their budget, the retirement money of people(which has to be paid out later on with interest)is used to offset the budget deficit. So when people say they had surpluses in the 90s, they actually ran deficits. Imho, no amount of policy change or system reform is gonna solve this problem. AMERICANS have to change their mindset and be responsible.

Ron Paul voted for huge tax cuts that could not be reasonably matched by similar changes in spending. Government revenues fell by 20% as a %GDP in four years.

We didn’t have to do this. We had a budget surplus in the 1990s because spending had NOT kept up with the growing economy over 20 years.

There are real fiscal conservatives that truly believe in balanced budgets. Ron Paul is not one of them.

Because he opposes an income tax therefore he takes income tax cutes as a minor victory. He voted against every budget also because he said they were spending to much

I find it amazing that the democrats, Clintons, were the ones that got us into this easy credit problem. There are alot of people in our government who are guilty of treason in my opinion. We have the right to be informed of exactly how and why our government is effected with world trade. Why have they decided to sell out their own country. Put millions of people out of work and still except to have a thriving economy with no taxpayers? We have to demand accountability and that this stop.

Listen man. Even RP said that there is no point in cutting taxes if your not going to cut spending….so why the hell did he cut them knowing Congress wasn’t going to cut spending? Because Ron Paul is insane, that’s why. Libertarians have been trying to control the power of the government for hundreds of years now and it has only gotten bigger and bigger. What Ron Paul is trying to do to do in Congress is like joining the mafia in order to try to turn it against itself. LOLOLOL

I did address your arguments about spending.

The tax cuts were too large to be accompanied by similar spending cuts. Furthermore spending had decreased as a %GDP for 20 years and Bush’s increase was mild compared to the tax cuts.

I also get my statistics from the bea, bls, and omb web sites.

Ron Paul did vote for Bush’s huge tax cuts that did cause most of the federal gov’s deficits. Now he complains about the result.

And yeah, the people that say you’re incorrect are “close minded” while the people who agree with you are “thoughtful” right? Haha, now THERES the thinking of an open minded individual.

You’re a clown dude. You are unable to think for yourself and can only copy and paste “statistics” and arguments that you find elsewhere. This is demonstrated by the fact that you can only repeat yourself in reply to me or make stuff up about me.

Again resorting to making stuff up about me? How quaint. Yeah, I couldn’t read your COMPLEX “statistics”.

And yes, you did ignore what I said. You refuse to admit that increased spending was at least part of the problem, which makes you.. what’s the phrase, or right, “close minded”.

Moreover you didn’t address the philosophical issue that spending should decrease if revenue decreases. That’s called budgeting 101.

But no, RON PAUL CAUSED OUR DEBT! Hahaha. Such an open minded thing to say!

Just a request. Could you please put the Date ‘within’ future videos? Please?

I didn’t ignore what you said, googoogoo.

You ignored the statistics that showed the tax cuts were huge and far greater than any increases in spending because you didn’t know how to read them.

So I tried to explain this without statistics and emphasized Ron Paul voted for this.

People are visiting my site and I am getting thoughtful responses from many people. You have responded so poorly because you are so close minded.

wshrbr, you are confusing deficits and debt. A budget surplus can pay off the debt over time.

That is why the federal debt decreased from 108% GDP in 1946 to 24% GDP in 1974.

So in other words you just ignored what I said, repeated yourself again, and then made something up about me.

You’re an utter failure, bobo. Go troll some more Ron Paul videos with all the spare time you seem to have.

RON PAUL CAUSED OUR DEBT! HAHAHAHAHAHAH

The only answer is resource based trade systems. Something for nothing is bad karma.

This is a comment to “ronpaulisinsane” about the surplus. what do you call a surplus? We still have a national debt so when you are in debt how can there be a surplus of money. so in your point of view I could borrow 1 million dollars and spend it and never pay it back, from then on what ever I make is mine and can be considered a surplus. Ok I get it but the main thing is I guess you want the government to handle everything for you and take away your freedoms one law and bail out at a time

That same complaint also applies to the gold standard.

Paper bills backed by gold become worthless because their value is based on an arbitrary fixed exchange rate that breaks down when people lose confidence in it.

We still had financial panics and depressions every 20 years under the gold std because most money is based on circulated savings, not currency.

All fiat currencies eventually succumb to hyperinflation and bankruptcy. Why? Because it’s always easy to print more. Why do you think prices have shot up since we went off the gold standard? Because our currency is not backed by gold or silver. I’m sure you know gold and silver are valuable because they are rare and useful. What is so rare/useful about paper? Nothing will be “fixed” as long as we have this fiat currency that continues to be inflated.

We had a budget surplus BEFORE Bush’s tax cuts and massive deficits AFTER Bush’s tax cuts because they were HUGE.

They were MANY TIMES bigger than Bush’s spending increases.

Spending had been falling for decades as a percent of the economy because the economy is growing.

You don’t need HUGE MASSIVE IRRESPONSIBLE tax cuts to slowly reduce spending.

Ron Paul is no fiscal conservative, and you aren’t either.