Ron Paul: Economics 101 Is Not Rocket Science! – OpEd

[sailingaway]

http://www.eurasiareview.com/12062012-ron-paul-economics-101-is-not-rocket-science-oped/

[jay_dub]

While I agree with Ron, he starts off the piece not challenging the CBO's figures.

He says, "Last week the Congressional Budget Office (CBO) issued its annual long-term budget outlook report, and the 2012 numbers are not promising. In fact, the CBO estimates that federal debt will rise to 70% of GDP by the end of the year– the highest percentage since World War II."

While he is correct in that is what they SAY, the Gov't own debt clock shows the debt to already be at 103+ % of GDP. This makes the situation much more dire and every American needs to understand this. That is why we cannot afford Obama nor Romney in the Oval Office.

Ron missed a great opportunity there. The government's own data makes the case for a Ron Paul style economic plan. Couple that with Egan Jones downgrading the US from AA+ to AA back in April, along with S&P reaffirming their previous downgrade (from AAA to AA+ with a negative outlook) of last August just 3 days ago and things are not looking well at all for us.

Link to debt clock:

http://www.usdebtclock.org/

[sailingaway]

I expect he will come out with more on this topic, I agree that is a good point.