46 votes

"I have never voted to raise the debt ceiling, and I never will." -- Ron Paul

Ron Paul Issues Statement on Debt Ceiling Deal

“This deal does nothing to solve our spending problem”

LAKE JACKSON, Texas--Today, 2012 Republican presidential candidate Ron Paul issued a statement outlining his opposition to the debt ceiling deal struck between the White House and Congress. See statement below.

“While it is good to see serious debate about our debt crisis, I cannot support the reported deal on raising the nation’s debt ceiling. I have never voted to raise the debt ceiling, and I never will.

“This deal will reportedly cut spending by only slightly over $900 billion over 10 years. But we will have a $1.6 trillion deficit after this year alone, meaning those meager cuts will do nothing to solve our unsustainable spending problem. In fact, this bill will never balance the budget. Instead, it will add untold trillions of dollars to our deficit. This also assumes the cuts are real cuts and not the same old Washington smoke and mirrors game of spending less than originally projected so you can claim the difference as a 'cut.'

“The plan also calls for the formation of a deficit commission, which will accomplish nothing outside of providing Congress and the White House with another way to abdicate responsibility. In my many years of public service, there have been commissions on everything from Social Security to energy policy, yet not one solution has been produced out of these commissions.

“By denying members the ability to offer amendments and only allowing an up-or-down vote that will take place in the hectic time between Thanksgiving and Christmas, this Commission essentially disenfranchises the vast majority of members from meaningfully participating in the debate over reducing spending and balancing the budget. Furthermore, despite the claims of the bill's proponents, there is nothing to stop the commission from recommending tax increases.

“One of the reasons why I humbly suggest that I am the most qualified Presidential candidate is my experience to see and understand the long track record of failure, disappointments, and bad recommendations made by such commissions. Times like these require statesmanship and steady leadership, which I and the grassroots activists who have joined my campaign believe I am uniquely qualified to provide.

“What should bother Americans most is that under cover of this debt ceiling circus, we learned from a recent GAO one-time, limited audit that the Federal Reserve secretly pumped $16 trillion into American and foreign banks over three years. All of the Fed's fat cat cronies were taken care of at the expense of the American public.

“To put that into perspective, our entire national debt is $14.5 trillion, and our annual deficit will be about $1.6 trillion, meaning the Federal Reserve created and appropriated more than our entire national debt to banks around the world in a few short years. We have been fighting in Congress these past few weeks over raising our debt ceiling by $2 trillion, an amount the Fed secretly gave away to just one big bank.

“For decades, politicians have promised future restraint in exchange for hikes in the debt limit. We are always told that we must act immediately to avoid a crisis. But time and time again, politicians reveal themselves to be untrustworthy, and we soon find ourselves in a crisis being led by the same folks who wish only to maintain the status quo.

“I believe in the great American traditions of free markets, sound money, and personal Liberty. But we are moving far away from what made us the greatest nation in human history. We must cut spending and balance our budget now, before it is too late.

“Let me be clear. The cuts we must make will not be easy, and there will be difficult times in the short run. But I have the greatest confidence that if we come together as a People, work hard, and do the right things, our country will be back on track in no time and on its way to unprecedented prosperity. But, if we continue to print money and pyramid debt, we will destroy ourselves and lose the promise of America forever.

“These difficult times require a President willing to stand against runaway spending. If elected, I will veto any spending bill that contributes to an unbalanced budget, and I will balance the budget in the first year of my term. I will not allow the Federal Reserve to destroy the value of our money by shoveling dollars into the pockets of its banker friends.

“I remain committed to working on behalf of the American people to drastically reduce spending and implement fundamental changes that will reform government and restore our nation’s prosperity.”

Source: Business Wire

Trending on the Web

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

How do I access information on who...

voted against the Debt Bill ceiling increase in the House and Senate???

"First they ignore you, then they laugh at you, then they attack you, then you win!"

"The belief is worthless if the fear of social and physical punishment overrides the belief."

this bill literally leaves

this bill literally leaves taxation up to the "super congress" committee, which is deciding the cuts and taxes which have not even been described in the bill. this is not just raising the debt ceiling, as you will hear all over fox and msnbc. it's literally taxation without representation. not just through inflation, but literally.

It's incredible. This article

It's incredible. This article is everywhere. I've spotted it in at least 10 places on line. And I don't mean one man blogs either. This will give the man a boost or nothing will.

The one politician who backs up what he says, all the time.

We need this man as President, to bring integrity and wisdom back to the White House. Diplomats around the world would be completely flummoxed by an American President that always spoke the truth.

Ron Paul for President 2012

The reason Ron Paul stands out amongst the politicians is because the rest are corrupt beyond recognition. Raising the debt ceiling does nothing but kick the can down the road until we have to watch these shenanigans once again. Ron Paul is a true Statesman.

If this country had any honest media and a backbone

We would all be marching in the streets over this comment from Ron, “What should bother Americans most is that under cover of this debt ceiling circus, we learned from a recent GAO one-time, limited audit that the Federal Reserve secretly pumped $16 trillion into American and foreign banks over three years. All of the Fed's fat cat cronies were taken care of at the expense of the American public."

This should be posted everywhere and brought up in all of our conversations to people. Ron Paul is the only politician running for President that is bringing this up.

If he has a video version of this, the campaign needs to buy

air time as well as radio time, and print ads - and plaster this all over America till people are sick of hearing it. (they won't be)

Ron Paul is my President.

There's that "Ron Paul has never" list again.

Let's keep getting it out there! It's golden.

No matter how the imposters try to mimic him, that list shuts them down.

This has to be one of his

This has to be one of his main points in the next debate. Sure, the others can live vicariously through Ron during the debates, but Ron lives what he preaches, and has a record to prove it.

I guess it's cool to be popular when popularity is at no loss; when the vote means nothing other than voting for sake of voting party lines, when voting is defined as party strength rather than what is best for the country. The imposters, so vainglorious, so aggressive, in their attempt to rectify the symptom, rather than the problem, means nil; but to gain popularity through years of struggle, against odds, against the wave, against the opinion of the vox populi, means more, in the long-run, for liberty, economy, and heart. This is why Ron Paul deserves to be president!

malo periculosam libertatem quam quietum servitium

I am an aristocrat. I love liberty; I hate equality. - John Randolph of Roanoke

be optimistic!!!

right now, all my hopes and dreams to save our country are all on ron! he is the most honest politician i have ever heard! in fact, i never even thought people could use honest and politician together....to describe one thing. i looked up the word politics in the dictionary once. found out its actually derived from two words. poli, many many, and tics, meaning bloodsuckers.....
but ron paul has inspired this 51 year-old,never voted once in my life, grouchy old fart into an optimist! in fact, if every freedom loving person in the USA could get to the polls, and vote with their hearts, minds, and souls, i know there would be more then enough of us to see that dr. paul is the only clear choice to lead our country out of the deep, financial abyss we have sunkin' into past our knees. we didnt ask for this debt, we didnt spend the money, but its all our faults. we've become so complacent. accepting pretty much everything our government did, listening to the scandals, watching as so many of them were getting caught with their fingers in everyone else's pie.greedy, powerful people pretty much running amuck. scratching the enemies back while looking for the best place to insert the knife. Absolute power corrupts- absolutely.
ron isnt intrested in power. he actually wants less power in government, which will make the people stronger!

impeach obama, fire biden, president ron paul, 2011 !!!


ron in 12!

We need to make this man president.


Dress up identical to JEFFERSON for the next debate!

Why not, Dr. Paul, really catch the attention in a SERIOUS WAY, seriously, by donning the apparel of our Founding Forefathers. They would laugh at first, but as you were to get going debating these yahoos, maybe you'd morph into feeling like OUR FOUNDING FATHER.

Anyway, silly ideas sometimes become.......real.

We are on your side. My husband and I are BABY BOOMERS,and we will be supporting and campaigning for you.

Anyway, could you give this silly 'theme' a try? Maybe, do it for a supporter?? :) Thanks.

Iowa II

All reps voted NO !!


Democrats — Boswell, N; Braley, N; Loebsack, N.

Republicans — King, N; Latham, N.


From "When Money Dies"

From "When Money Dies" about the Weimar Republic.

"If you wish to destroy a nation you must first corrupts its currency. Thus MUST sound money be the first bastion of a society's defence." p. 13 Defense was spelled defence in the book.

I have so many quotes from that book and it is like reading our current news. Ron Paul has got to be President, folks, or we will be buying a loaf of bread for a wheelbarrow full of dollars.


The lip of truth shall be established forever: but a lying tongue is but for a moment...Lying lips are abomination to the LORD: but they that deal truly are His delight. Prov 12:19,22

I'm Vert Angry, Depressed, Numb and Sick To My Stomach

I lament for my country today...So Very, Very Sad today...

stop that, the second wave is coming.

"long faces" will not help. people are FAR more receptive to our message this time. I went all out for the effort in Iowa. the good Dr, is working hard out there. he needs your support. we need your help.
we are WAY ahead of where we were last time. this is gonna be a rout! you watch, Ames is just the beginning!

reedr3v's picture

thanks HVACT, for your wonderful

work and spirit.