01/11/11 Stockholm, Sweden – Yesterday’s Tom Sullivan Show on Fox Business featured an interview with Dr. Ron Paul (R-TX), on how the national debt ceiling is going to be raised despite the fact that promises to raise the limit just this once — because Congress will of course cut spending in the future — are just not true. Washington will continue to print money to cover its commitments until there is some “catastrophic event.” The clip is below, but first, here are few choice comments:
- “I won’t vote to raise the national debt … even if they make some token promises… I don’t vote for any of the spending, so hardly should I be responsible to raise the debt limit.”
- “It will be raised… will be some, some token concession that says, well, we’re gonna raise the national debt but we’re gonna hold the line from now on… I would remain skeptical… I don’t think anything will get cut.”
- “As long as they can resort to going back and printing the money, they will. Now states… have a bigger burden, because they don’t have a printing press, so they have a lot more pressure to cut back.”
This video interview came to our attention via The Daily Bail in a post on Ron Paul versus the Washington spending machine.
Rocky Vega
Rocky Vega is publisher of Agora Financial International, where he advances the growth of Agora Financial publishing enterprises outside of the US. Previously, he was publisher of The Daily Reckoning, and founding publisher of both UrbanTurf and RFID Update -- which he ran from Brazil, Chile, and Puerto Rico -- as well as associate publisher of FierceFinance. Rocky has an honors MS from the Stockholm School of Economics and an honors BA from Harvard University, where he served on the board of directors for Let’s Go Publications, Harvard Student Agencies, and The Harvard Advocate.
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Ron Paul is a hero to many today but will that image will pale in the future. Instead he will evolve into much more than a hero; a man who symbolized honesty and reason in our time. I wish him great success, but he is badly outnumbered and will not reverse the sad course of the American Empire. That is another chapter yet to be written.