If every American alive today were to take responsibility for the social programs promised to the poor, the benefits earned by the retired and the veterans, and the obligations incurred to creditors, the amount each and every person would have to pay is currently estimated to be $145,000. Yet a society that sees overspending as a harmless vice and that is by and large comprised of individuals who carry giant secured as well as unsecured indebtedness every day, does not demand its politicians and other elected officials to actively cut all spending and raise most taxes in order to decrease the federal deficit.
Granted, the warning signs are there and economists from all political persuasions are indeed warning against the unfettered spending policies currently in place. Seeing economic crashes of catastrophic proportions, they are fighting an uphill battle of a population that believes in the gratification of the here and now and has very little time and patience for the virtues of saving, foregoing luxuries, and considering the country’s good over one’s own pocket book when voting against tax increases.
While there were times of budget surpluses in the American economy, they are now being replaced by deficits, and the ongoing war is not helping. Impending collapses of not only Social Security but also Medicare and Medicaid are of further concern. Yet even economists acknowledge that it is the impact of foreign economies on the United States market that may carry the heaviest blow. Even though it is not too late to turn around this threatening situation, the outlook of reducing both federal and trade deficits are not very popular topics.
Ron Paul is the only Republican candidate preaching smaller government and an end to the war that will lend itself to a burgeoning economy again.
> Ron Paul's Fiscal Conservatism
> Ron Paul's Foreign Policy Would Make Us Safer
> Ron Paul - Stopping America's Pending Economic Crash
> Ron Paul is Right on Blowback
