Ron Paul, Not Paul Ryan, Is The Real Budget Hawk In CongressSubmitted by Alliance With None on Thu, 08/16/2012 - 02:06
America now has its Republican vice presidential candidate, Wisconsin Congressman Paul Ryan. Many in the media refer to Ryan as a “budget hawk” and quite the “controversial” selection for Romney’s Republican Presidential ticket. Ryan says he wants to reduce spending and decrease taxes but he did vote for the bank and auto bailouts. He actually wanted the taxpayers to bear the burden of these financial institutions’ mistakes, saying, , “This bill offends my principles, but I’m going to vote for this bill in order to preserve my principles.” That just does not make very much sense at all. Could Ryan possibly match up to the fiscal conservatism of another congressman, Ron Paul?
Ron Paul, along with his son, Senator Rand Paul, have been fighting to end bailouts. because true conservatives don't betray their principles or the American people by voting to bail out Wall Street banks and the automotive industry. These bailouts took close to a trillion dollars out of American taxpayers’ pockets and gave it to the private sector. Ron Paul and Paul Ryan are not similar at all. A Paul Ryan budget would go after Medicare and not be able to balance the budget for at least 30 years. A Ron Paul budget would slash militarism and balance the budget in three years. Let’s explore why the “budget hawk,” vice presidential candidate Paul Ryan pushed for these bailouts to occur in the first place.
In 2008, Paul Ryan stated that the TARP bailout was “ …in order to preserve this free enterprise system..” However In a free enterprise system, businesses must be allowed to declare bankruptcy. If this cannot occur because the business is “ too big to fail,” then we are not living in a free enterprise system. Bailouts do not allow for healthy competition for consumers’ dollars and they defeat free market principles. Prolonging businesses’ eventual failures will only make the big problem even bigger in the end.