Carolina QuotesMr. Speaker, I once again find myself compelled to vote against the annual budget resolution for a very simple reason: it makes government bigger. [...] We need to understand that the more government spends, the more freedom is lost. Instead of simply debating spending levels, we ought to be debating whether the departments, agencies, and programs funded by the budget should exist at all. My Republican colleagues especially ought to know this. Unfortunately, however, the GOP has decided to abandon principle and pander to the entitlements crowd. But this approach will backfire, because Democrats will always offer to spend even more than Republicans. When Republicans offer to spend $500 billion on Medicare, Democrats will offer $600 billion. Why not? It’s all funny money anyway, and it helps them get reelected. [...] The increases in domestic, foreign, and military spending would not be needed if Congress stopped trying to build an empire abroad and a nanny state at home.
Ron Paul Connected to the Carolinas
Source
Oppose the Spendthrift 2005 Federal Budget Resolution, March 25, 2004
- work
- 2001-2005
- year
- 2001
Cite this record
“Mr. Speaker, I once again find myself compelled to vote agai…” Ron Paul. Carolina Quotes, record CQ-8B29A384F5. https://carolinaquotes.com/quote/8b29a384f5
More from Ron Paul
Our presence will serve as an incentive for al Qaeda to grow in numbers and motivate more suicide bombers. An indefinite presence, whether in Iraq, Afghanistan, or Pakistan, will continue to drain our financial resources, undermine our national defense, demoralize our military and exacerbate our financial crisis. All this will be welcomed by Osama Bin Laden, just as he planned it. It's actually more than he had hoped for. [...] The war in Afghanistan and Pakistan will be much bigger, unless the dollar follows the path of the dollar-based world financial system and collapses into runaway inflation. In this case, the laws of economics and the realities of history will prove superior to the madness of maintaining a world empire financed by scraps of paper. Our military prowess, backed by a nuclear arsenal, will not suffice in overcoming the tragedy of a currency crisis. Soviet nukes did not preserve its empire or the communist economy.
The growth in money and credit has outpaced both savings and economic growth. These inflationary pressures have been concentrated in asset prices, not consumer price inflation--keeping monetary policy too easy. This increase in asset prices has fueled domestic borrowing and spending. Government policy and the increase in securitization are largely responsible for this bubble. In addition to loose monetary policies by the Federal Reserve, government-sponsored enterprises Fannie Mae and Freddie Mac have contributed to the problem. The fourfold increases in their balance sheets from 1997 to 1998 boosted new home borrowings to more than $1.5 trillion in 1998, two-thirds of which were refinances which put an extra $15,000 in the pockets of consumers on average--and reduce risk for individual institutions while increasing risk for the system as a whole.
We are escalating our sharp rhetoric toward Iran, we're deploying additional carrier group and Patriot missiles to the region. And, although Iran has approached the United States to establish serious dialog two times since 9/11, they have been rebuffed both times... Condoleezza Rice: ...When we have a carrier strike group into the gulf, or provide PAC-3, which is a defensive system, it's simply to demonstrate that the United States remains determined to defend its interests in the gulf, and the interests of its allies. And that, congressman, is a position that has been held by American presidents going back for nearly 60 years. I would just note that these are discrete responses to Iranian activities that are really deeply concerning, not just for us, but for the rest of the world as well. Now as to Tehran, and whether we can talk to them. I offered in May to reverse 27 years of American policy, and to meet my counterpart any place, any time, to talk about any set of issues that Iran wishes to talk about, if they would just do one thing. And that is, adhere to the demand that the international community is making, that they stop enrichment and reprocessing, so that we that while we're talking, they're not improving their capability to get a nuclear weapon. So I think, congressman, the question isn't why won't we talk to Tehran, the question is why won't they talk to us.