[VIDEO] Ron Paul Speech Against Raising the Debt Ceiling (Jan 18 2012)

[swissaustrian]

http://www.youtube.com/watch?v=kPfFGfU0AmY

[BUSHLIED]

That dude gave Ron 30 more seconds without Ron asking, cause he knows Ron is the MAN right now! GO RON!

[green73]

Bumpdaddy

[UK4Paul]

http://consumerist.com/images/31/2009/04/custom_1240640308946_Obama_Express.jpg

[goldpants]

I think this is atleast the fifth thread with this video, including 4 with almost identical titles. But I love it so no big deal.

[JJ2]

Question: Is Ron Paul being hypocritical in saying that we should not be raising the debt ceiling (which will get Obama through Jan. 2013, I believe), when President Paul will have to sign a bill to raise the debt ceiling in January or February 2013?

I'm thinking the media might pounce on this.

[swissaustrian]

I think this is atleast the fifth thread with this video, including 4 with almost identical titles. But I love it so no big deal.
Untrue.
I used the search engine. No video thread for this one so far.

[KramerDSP]

Question: Is Ron Paul being hypocritical in saying that we should not be raising the debt ceiling (which will get Obama through Jan. 2013, I believe), when President Paul will have to sign a bill to raise the debt ceiling in January or February 2013?

I'm thinking the media might pounce on this.

Ron Paul would NEVER sign a bill to raise the debt ceiling!

[XNavyNuke]

President Paul will have to sign a bill to raise the debt ceiling in January or February 2013?

Bull!

[RPit]

Question: Is Ron Paul being hypocritical in saying that we should not be raising the debt ceiling (which will get Obama through Jan. 2013, I believe), when President Paul will have to sign a bill to raise the debt ceiling in January or February 2013?

I'm thinking the media might pounce on this.

What you are forgetting is that Ron Paul would eliminate from the books the debt that Federal Reserve holds, which would automatically give him a $1.5 Trillion leeway, so no even though he would have a 'unbalanced budget' the first 2 years, the 'deficit' would be LESS than $1 Trillion (both years combined), so he would NOT need to raise the debt ceiling. ;)

[nasaal]

No one HAS to raise the debt ceiling. He would shut down government(happily) until they agree to cut 1trillion before he raises it. If being President doesn't change him lol.

[RPit]

Ya but on practical basis his assumption is already wrong, he didn't take into consideration the wiping out of Federal Reserve held public debt, so we won't come to that moment of 'shut down government'.

[JJ2]

No one HAS to raise the debt ceiling. He would shut down government(happily) until they agree to cut 1trillion before he raises it. If being President doesn't change him lol.

Yeah, but my point was that we borrow more than $1 trillion per year, plus the Obama budget (assuming one is passed) will last until Oct. 2013. Paul's plan doesn't balance the budget for 3 years.


What you are forgetting is that Ron Paul would eliminate from the books the debt that Federal Reserve holds, which would automatically give him a $1.5 Trillion leeway, so no even though he would have a 'unbalanced budget' the first 2 years, the 'deficit' would be LESS than $1 Trillion (both years combined), so he would NOT need to raise the debt ceiling. ;)

But is that counted in the $15 trillion debt figure?

[Scott_in_PA]

Rep Tom Reed
R NY district 29

He gave the time and was very polite.
:)

CONGRESSMAN REED SPONSORS RESOLUTION OF DISAPPROVAL OF $1.2 TRILLION IN ADDITIONAL BORROWING; VOWS TO KEEP BORROWING AND SPENDING IN FOREFRONT OF NATIONAL CONVERSATION

http://reed.house.gov/press-release/congressman-reed-sponsors-resolution-disapproval-12-trillion-additional-borrowing-vows

[hb6102]

http://youtu.be/Yd3ECxc7Eew

http://youtu.be/Yd3ECxc7Eew

[RPit]

But is that counted in the $15 trillion debt figure?

Yep.

[georgiaboy]

bump

[Travlyr]

Ron Paul is right. Spending is a tax. Spending is out of control. When will it end?