View Full Version : Ron Paul’s economic plan

10-18-2011, 09:07 AM

Ever wonder what Ron Paul’s America would look like? Then read the budget outline that Paul released as part of his 2012 presidential bid. It promises to cut $1 trillion during his first year in office, balance the budget by 2015, withdraw us from all foreign wars and eliminate five Cabinet-level agencies in the process. Economists across the political spectrum say the impact of such drastic government spending cuts would be majorly disruptive and harmful to the economy in the short term.


The Paul campaign rejected such claims as “exactly the opposite” of what would come to pass-- “an example of the old Keynesian thinking that got us into our current mess,” according to Jesse Benton, a campaign spokesman. “Deficit spending and debt that are crushing our economy and will destroy our country if we do not take bold action.” Benton added that block-granting entitlement programs would actually save them, not shred them. “We face a bankruptcy and a major financial crisis that will destroy the entire social safety net unless we take action.”


The Paul campaign insists, however, that the plan provides Medicare with a secure future without harming present-day beneficiaries. “This budget is about priorities, and we have to honor our promises to our seniors. Our goal is to fix our debt crisis to preserve our system and make Medicare work better in the future,” Benton says.


Click through for the rest only if you want to see liberals and kensians blather and predict doomsday. It will make your eyes bleed.

10-18-2011, 09:13 AM
Paul's economic plan: