While it is likely that the two parties in Congress will reach a deal before the August 2 deadline, I can’t help reflecting on how wonderful it would be if they didn’t. While Congressman Ron Paul has correctly pointed out that the government has already defaulted at least three different times in its history, and continues to default every time it prints new money, it is not quite the same as an “on-the-books” failure to make a timely payment. That is exactly what America needs.
Politicians, mainstream economists, and the media tell us that a U.S. government debt default would be catastrophic. Treasury bonds would be downgraded, interest rates would soar, and the massive government spending that has supposedly fueled the present (jobless) recovery would be severely curtailed, plunging the U.S. and possibly the world back into a deep recession.
Perhaps that is true. However, a debt default by the federal government would still be a blessing to American society for several reasons.
BBC News Keynes v Hayek interesting:
"More subtly, but infinitely more destructive in the long run, is that the recipient of help is completely unconnected to the individuals taxpayers who are providing the help. Recipients cannot see the impact of the giving on those who gave. This is literally a de-humanization of a huge set of human transactions, as it eliminates the natural human responses of reciprocity and responsibility toward those who help us. Since the welfare state delivers help in a way that seems to come from no person, the perceived cost is zero. Why then, would any recipient feel grateful toward, or any moral obligation to, those who provided the help? Responsibility wouldn't need to be legislated if we had not instituted a system that demolishes it. "
There is Low Hanging Fruit for Ron Paul Ames, IA Straw Poll Right Now @ www.rp2012.org.
From my view, there presently doesn't look there are enough people making calls to already ID'ed Ron Paul people in Iowa to help get them to the Ames, IA Straw Poll on 8/13. I've had about an 80% success rate in calls that result in people saying 'Yes. I support Ron Paul and I want to go to the Ames Straw Poll and thank you for covering my expenses with the voucher for myself and up to 3 more family and friends.'
Go to www.rp2012.org, sign up and take action. RP people have already been ID'ed by robopolling and basically waiting to be contacted and equipped to go to the Straw Poll. This is an immediate opportunity to make a difference for Dr. Paul and the Ames Straw Poll but the window of opportunity is fast closing. Go for it!
MOD: Only ID Ron Paul supporters. Do not argue or push any agenda. If you don't stick to the script, you will be hurting the official campaign.
Ron Paul Receives Warm Welcome in Iowa City, Asks Crowd for Help at Straw Poll
The Texas Congressman spoke to an enthusiastic crowd in the meeting room of the Sheraton Hotel in Iowa City, exhorting them to help him win the upcoming Ames Straw Poll on August 13
Two things were evident from Dr. Ron Paul's (R- Texas) visit to Iowa City Tuesday morning:
1.) For a Republican, Ron Paul is a surprisingly popular candidate in Iowa City.
2.) Ron Paul is putting a lot of emphasis on doing well in the upcoming Ames Straw Poll.
They had to bring in more chairs to meet the demand in downstairs meeting room of the Sheraton Hotel in Iowa City, as around 100 people crowded in to listen to Rep. Paul speak. The mood in the room was positive and enthusiastic, and there was applause as Paul took the stage.
In between Paul's usual rhetoric denouncing foreign entanglements, government restrictions, lamenting the loss of gold standard for American currency and the loss of personal freedoms for Americans and markets (all popular topics with the crowd), there was another theme that was readily apparent -- the importance of the Straw Poll to the Paul campaign.
Northbrook, IL - August 2, 2011 - Revolution PAC, the new Super PAC formed in support of Congressman Ron Paul's 2012 presidential bid, has made its first media buy, it was announced today.
The buy includes a full-page ad in the Ames Tribune, and billboards in strategic locations in Iowa.
"The ads we've placed distinguish Ron Paul from the pack, and don't portray him as just another plain vanilla conservative Republican," said Revolution PAC Advisory Board Chairman Thomas Woods.
Ron Paul's statement:
Perhaps the most disturbing aspect of this deal is the "Super Congress" provision. This is nothing more than a way to disenfranchise the majority of Congress by denying them the chance for meaningful participation in the crucial areas of entitlement and tax reform. It cedes power to draft legislation to a special commission, hand-picked by the House and Senate leadership. The legislation produced by this commission will be fast-tracked, and Members will not have the opportunity to offer amendments. Approval of the recommendations of the "Super Congress" is tied to yet another debt ceiling increase. This guarantees that Members will face tremendous pressure to vote for whatever comes out of this commission-- even if it includes tax increases. This provision is an excellent way to keep spending decisions out of the reach of members who are not on board with the leadership's agenda.
Judge Nap on Fox News: Is Super Congress Constitutional?
“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.'
Bush 2.0: 100 Ways Barack Obama
Is Just Like George W. Bush
by Wes Messamore
The election of President Obama was in no small part, a referendum on the administration of George W. Bush, and his victory was interpreted as a sound rebuke to eight years of open ended warfare, a vast and growing police state, the destruction of civil liberties, disregard for the Constitution, unchecked executive power, lies and broken promises, hypocrisy and arrogance, a lack of transparency in government, out-of-control federal spending, fever-pitch fearmongering, rampant corruption, and some really stupid gaffes. But what have we gotten instead?
More of the same. A LOT more of the same. In fact, every negative aspect of the Bush Administration has come back with a vengeance in the presidency of Barack H. Obama. Everything the American people detested so strongly about Bush has not only characterized the presidency of his successor, it's gotten much worse. Don't believe me? The following is a list of 100 ways President Obama is just like President Bush. We might as well consider it a third Bush term on steroids, or call Mr. Obama "Bush 2.0." If you honestly didn't like Bush, you can't possibly justify liking Obama, not unless you ignore the facts:
Aug. 1 2011 - 1:53 pm |
As markets await a final vote on the debt ceiling deal reached by Democrats, with President Obama as their chief negotiator, and Republicans huddled behind House Speaker John Boehner, experts on both sides of the ideological coin have come out against the new plan. Nobel laureate Paul Krugman, representing liberals, and Congressman Ron Paul, on the right, both have blasted the new plan for its false promises.
I am 35-year-old self-financed small-business-owner who wholesales products to businesses. My story is typical of many business owners in the fact that I worked in a industry, learned how to do some things with my own twist, and my company has built a nice reputation. The biggest problem we have had is that we have been under capitalized. I have not had a chance to fully execute all the things my company can do. This past year I gave myself a major paycut, so I could keep growing the business. My wife has a fairly secure good paying job and we have two kids that are under four.
I have made great strides with this business over time. This year I have opened up large accounts that I never would have dealt with 5 years. The first 3 years of the business, I did not have one order over 3k, but we did around 400k, which was about breaking even. Now we have cracked some major accounts and acquired some licensed items that are well known in my industry. This year I received a 70k order with a good chance of a repeat order. I have had many orders over 5k as well, however the smaller orders are decreasing in value. We are poised to do better than any previous year, but I will probably have to do more personal financing to make it happen. My family is barely getting by because all the sacrifices we have made to open the business and finance it, as well as paying costly rent in Los Angeles and paying high daycare costs.
People in my industry keep coming to me with opportunities that would be great. Again, my biggest problem to this point in 5 years is being under capitalized. If I had more capital, then I would have made a heck of a lot. This is a common story for many businesses and one of the reasons many go out of business.
At the same time that I am having this current success, I am finding with my original base customers (the small ones) are struggling more than ever. Costs are also rising.
I feel that our economy is in for a major blow soon, but I do not exactly when. Like many of you, I have been listening to Ron Paul since before the last election, campaigning for him, and my wife and I maxed out for him 2007-2008. He has taught me so much.
The latest Rasmussen Reports national telephone survey of Likely Republican Primary Voters finds Romney earning 22% support, closely followed by Perry, the Texas governor who is expected to enter the race soon, with 18% of the vote. Minnesota Congresswoman Michele Bachmann is in third place with 16%. Cain now gets nine percent (9%) support, just behind Texas Congressman Ron Paul who is in fourth place with the backing of 10% of primary voters...
State Prosecutor: "You're about to hear...a case of defiance. Two people who didn't want to give in to what was requested."