-1 vote

Rand Paul: Above All Else, Pay the Crony Banksters Their Interest

Senator Rand Paul wants crony banksters and anyone else who supports the state by buying US government securities to be first in line for your tax dollars.

This afternoon, Sen. Paul introduced the Default Prevention Act, which would require the President to prioritize federal revenue to interest on the national debt.

“Some of my Republican colleagues in the House have decided to surrender to the Democrats’ annual plan to increase the debt ceiling. I believe we should stand and fight for a Balanced Budget Amendment to the Constitution before we raise the debt ceiling. My legislation takes the possibility of default off the table so we can continue to push for fiscal restraint. There is no reason the government would – or should – responsibly consider the idea of default,” Sen. Paul said.

http://www.economicpolicyjournal.com/2013/01/rand-paul-above...



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bump...

for liberty and tossing off the chains of tyranny!

.
~wobbles but doesn't fall down~

The establishment narrative re the debt ceiling....

...is that anyone trying to use the debt ceiling as leverage for spending cuts is "holding America hostage" and risking default on the national debt. Rand's bill, which requires that the President prioritize interest payments on the debt, removes that rhetorical weapon from the hands of the establishment, and strengthens the hand of those conservatives and libertarians in the GOP who want to use the debt ceiling as leverage to get real spending cuts. This is the reason to support Rand's bill: it is a smart political move which effectively neuters the opposition, or at least forces them to come up with a new narrative.

Now, to be clear, this bill is not really about avoiding default, since there is no risk of default anyway. As I said, the idea that a failure to raise the debt ceiling will cause default is just rhetoric from the establishment. But why not default on the debt? Well, I'm in favor of defaulting on the debt in principle, but it can only be done in a certain way. Once we get the budget balanced at a low level of spending, and once we are seriously preparing for a return to the gold standard, then we can talk about defaulting on the debt - but not until then. Otherwise, if the federal government defaulted on its debts now, with the current monetary and banking system, the results could be catastrophic: complete collapse of the banking system and/or hyperinflation. That's to be avoided if at all possible, eh?

"Alas! I believe in the virtue of birds. And it only takes a feather for me to die laughing."

When you have the biggest guns in the world...

You can go into all the debt you want and you can be the reserve currency of the world.

That way, if anyone screams that they want their money back, (or they want out of your system), you just point your guns at their noses and say "Oh no you don't."

THIS is why we attacked Iraq, Lybia and have Iran in our sights.

They decided not to play our currency game and were (or will be) attacked and dismantled for it.

All for the financial gain of the central bankers.

THE GOVERNMENT (DOING THE WILL OF THE BANKERS), KILL PEOPLE THE WORLD OVER IN OUR NAMES - WITH OUR TAX DOLLARS TO KEEP THEIR GRIP ON THE CURRENCY (and hence their profits).

WE are funding the killing. WE are. Just look at your paychecks.

Why don't you say it like THAT Rand???

LIKE YOUR FATHER DID!!!

"We have allowed our nation to be over-taxed, over-regulated, and overrun by bureaucrats. The founders would be ashamed of us for what we are putting up with."
-Ron Paul

Plenty of people own them

They may be ignorant to have them in their 401k's or pension fund managers may be similarly ignorant to hold them, but it's not just banksters.

I would however favor repudiating all debt held by the Fed. But I don't see how you could single out banks generally.

We could in theory repudiate all debt held by any central bank. While probably the right thing to do it would have grave diplomatic implications. Unless you could get all nations to simultaneously repudiate all sovereign debt owned by central banks.

That is correct

And I expanded on this point here.

http://www.dailypaul.com/271603/why-rand-paul-is-wrong-on-go...

http://lionsofliberty.com/
*Advancing the Ideas of Liberty Daily*

Sounds pretty stupid...

Those social security and medicare recipients who have been forced to pay into a system should be honored before anyone who chose to buy treasury securities.

Buck the Fankers!

Anonymous Love

Good Ol' Rand...

...Ensuring that the globalist-collectivist banking cabal is protected, above all else.

Where are the rationalizers, justifiers, misdirectors and excuse-makers from the ever present 'Cult of Rand'.

Wait for it....

Oops, I am late to the thread and they have already been here, spinning things.

Ron had another idea: cancel $1.6T in debt held by the FED

Rep. Paul introduces bill to cancel $1.6T in debt held by Federal Reserve:

http://www.dailypaul.com/172519/rep-paul-introduces-bill-to-...

Yep,

should have elected Trey Grayson.

Rand is right; we should pay the banksters first...

in lead.

"No creditor, no debt" and, by offering "fiat money," are not offering anything of value.

Like Ron, Rand is using the issue against them

Rand knows they aren't going to default...also, they aren't going to really argue about raising the debt ceiling (when they set the spending budget a few weeks ago, they set the amount of debt to incur...so this debt ceiling argument is moot).

So instead of making enemies by arguing for defaulting or reducing the debt ceiling, he spins the issue: a bill to make them prioritize federal revenue to interest on the national debt...thus, paying off the debt faster.

Like Ron, Rand is trying to control the dialogue. Many, if not most, politicians and media folk don't like the way government is ran, but they feel they have to tow the line. So they LOVE it when someone gives them a new angle of discussion.

That's what Ron was so good at...Ron dramatically changed the rhetoric in 2008 and 2012. Rand is trying to do so now.

The focus on interest says, we have a real f'ing crisis and we need to do something to minimize debt payments.

Hopefully, some politicians and media will pick up on it.

"Many, if not most, politicians and media folk don't like the

way government is ran, but they feel they have to tow the line. So they LOVE it when someone gives them a new angle of discussion."

So you're reading the minds of the media and politicians now? Did you by chance interview all politicians and the media? :)

"Hopefully, some politicians and media will pick up on it."

You'd think if they're just eager beavers when it comes to a new route that they'd be tuned into opportunities easily.

This whole ideas that he's going to flip the switch on them or that he's playing a game to get into position and will change once he's there is funny.. I'm not saying you're promoting that with your comments but I see many Rand people implying it. I do however see you making wild assumptions and running with it.

Patriot Cell #345,168
I don't respond to emails or pm's.
http://www.youtube.com/watch?NR=1&feature=endscreen&v=qo8CmO...
Those who make peaceful revolution impossible will make violent revolution, inevitable.

Unfortunately

we need to pay this interest to keep the monetary scam that is our economy going. Until we get an audit of the Fed, NOTHING will change. Auditing the Fed is this movements #1 priority, Rand is the only one that can get it done with a 2016 win.

I see it's Attack Rand Paul Week on the DP.

I have plenty of criticism for Rand, but it's getting ridiculous now. Please. Will the GJ trolls go back to their hole? Thanks.

Wait a sec...

I criticized Gary Johnson AND Rand when appropriate. Who does that make me a troll for?

It is legitimate discussion to question the actions of any politician, whether it's Barack Obama or Rand Paul.

Nobody should get a special exemption, especially someone attempting to lead a political "liberty" movement.

If you can't critically assess your own professed leaders, who can you?

http://lionsofliberty.com/
*Advancing the Ideas of Liberty Daily*

Is this week different from the other weeks that have passed?

Oh, you are right... They're baaa-aack. Gotta wonder what their real purpose is here. Is it to help restore the Constituion or to divide everyone and flush the once Law of the Land down the toilet.

Also gotta wonder how many GJ trolls are here on a free ride to cause trouble and haven't contributed to MN's fundraiser for the opportunity to do their trolling. But, I have to say the same thing about everyone else who plays here and doesn't pony up anything when asked for help by MN.

“It is the food which you furnish to your mind that determines the whole character of your life.”
―Emmet Fox

I sent in my $20!

And no, I dont see how a pro-choice, pro-war candidate, completely the opposite of Ron Paul, is pro-liberty.

One may assert that GJ was pro-liberty, but the fact is you really have no evidence. And we DO have evidence to the contrary.

Thanks.

I sure hope by "you" you didn't mean me!

I didn't mean "you" either. LOL You are correct. All the supposed evidence about GJ being pro-liberty doesn't hold water when one looks at the whole picture. Some GJ supporters here may be sincere. Misguided but, sincere. From what I've noticed in the past, most are just trolls with an agenda that doesn't include restoring the Constitution as the Law of the Land, unless the words can be twisted into some meaning that was never intended.

“It is the food which you furnish to your mind that determines the whole character of your life.”
―Emmet Fox

Phxarcher87's picture

I think he is using logic

kinda how we get out of debt with our own financial problems...

or was i supposed to make this a much bigger deal?

One of the biggest pitfalls in a "movment" is the temptation to get cultish about it and refuse to realize that it is only part of the picture. -Joel Salatin ; You Can Farm pg 202

I heard Ron Paul in one debate say

That we defaulted in the 70's and we should have defaulted again and liquidated the Debt. But People on here are saying that is bad? Can someone try and explain this to me. Because from What I have read and researched liquidating the Debt in any form is beneficiary to all of us right?

"Freedom is Popular"

you understand if us government misses interest payment by just

one penny, the entire bond market will collapse within the next split second. the system is based on trust. the only way interest payment is missed will be when there is enough discourse in politics to ensure whatever us government borrows no longer has ironclad guarantee to be paid back, therefore the bond market would collapse. you do understand that? i mean if that's your plan, whatever. don't say fucking stupid shit like 'oh well who the fuck cares about the bonds and people who buy bond/debt, give those money to social security instead' that money will be worthless too if bond collapses because the credit rating will instantly be junk grade, you dip shit brainy piece of fuck

Based on trust, or

Money printing?

ugh.. if the sole buyer of bonds is the fed they will have to

print even more.. which is what they will end up doing if defaulting on interest drives away other buyers.. not even quasi private/government hybrid banks will buy it because if bonds go to junk grade so will their balance sheet if they own it and if they do the government will have to bail them out and it goes in full circles.. not sure if your one-liner is even sarcasm aimed at me.. one-liners don't really work well in slightly more complicated topics like econ so i advise against it. in fact i hate one-liners in general unless the topic of discussion is entirely silly, which this isn't, judging by how many confused/not smart people here commenting

ROFL

What other senator's plan to you support? Rand is fighting establishment Republicans and he is going agains the grain to get the budget truly balanced.

Some of you here are so hard headed... You will never agree with anyone 100% of the time.

Just wow the negativity sometimes...

Oh yes by all means pay that COMPOUNDING

Interest on the false National DEBT, yes pay it to the owners (Rothschild mafia) of the PRIVATE Federal Reserve Bank. You may ask where did that private bank get so much money that they can loan it to the US goverment and charge a compounding interest and call it a national debt with IRS collections to satisfy. Where did you get the money Rothscild.

Jined up out of thin air, Digitized at no cost. Why would not the US government digitize their own money you ask? Why pay a compounding interest on a false debt you may ask?

Because the US gov is sold out, the so called gov is realy installed Rothschild mafia puppets. The debt is not about money collections its about identifying those who would not submit to extorted theft and locking them down or killing them.
In the end its about control its about one group that decided that they are so superior and so smart that the stupid submitters to the immoral extorted theft are looked down upon by the theives as debt slaves.

Enlightened disengagement is the way out, stop using their false debt system, declare yourself a free person. Disengage at your own pace but disengage.

sovereign

you miss the point

This is a political play. It keeps Obama and his folks from screaming that the Republicans are "holding the economy hostage" by making sure we don't default when we hit the debt ceiling. Tax inflows are enough to pay interest on the debt, and medicare/ medicaid/ SS, SO.....If we prioritize the interest payments then that give Obama and his folks the choice of cutting the waste and military overspending, or cutting medicaid/medicare/SS. This would back the Libs into a position where we not only get spending cuts, but the right spending cuts to balance the budget without hurting the economy. Seriously, I expect more thinking from the folks here at the Daily Paul then the hysterical reaction you just typed up.

Josh Brueggen
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So everything is said is null because you want to perpetuate

the crime. You dismiss the truth in your effort to play the left right political game. Look they are all installed puppets.

sovereign

So maybe

So maybe Rand should get a bull horn and stand in front of the capital screaming about the New World Order...

That will make things change...

What Rand did can not be undone

He endorsed, reccommended, put his reputation, behind Mitt Romney and the establishment GOP. Not to mention the fact that his very own father was the opponent that he went against the oponent for liberty, Ron Paul. Yet you people now can come here and say things like what has Rand to do get a bull horn to get my support. No he can do nothing but go away.

sovereign

odious debt

is not to be paid by those who did not accrue it. The banksters of the Fed are not owed a dime, they have earned only some prison time. This stunt may be brilliant politics, but it is not just or ethical.

Love or fear? Choose again with every breath.