This is one time I truly hope Ron Paul is wrong.
http://www.infowars.com/ron-paul-on-the-fiscal-cliff-we-have-passed-the-point-of-no-return/
http://www.infowars.com/ron-paul-on-the-fiscal-cliff-we-have-passed-the-point-of-no-return/
Ron Paul is a very wise man. I would take what he says seriously however it's nothing new to be honest. so what about this fiscal cliff? It's all over 800 billion dollars, has everyone forgot about our 15 trillion dollar debt?
Not sure wise is the word I'd use. I'm not saying he's stupid or a fool, he's probably 1 of the sharper knives in Congress but I wouldn't call him wise.
I would say he was the best Congressman in the House. I don't agree with everything he say but he speaks the truth which is something a lot of the other politicians don't seem to grasp.
Na, Sen. Sanders is cut from the same mold (the only difference being he's a socialist), he's certainly strange though. :giggle:
In all seriousness, I think principled is a better word.
Ron Paul is CRAZY.... but he has valid points. In my opinion that just means that the world has gone crazy 
Ron Paul was correct when he predicted the crash, and his firm believe in austrian economics makes me believe every word he says. Always.
Ron Paul was correct when he predicted the crash, and his firm believe in austrian economics makes me believe every word he says. Always.
Ron Paul is CRAZY.... but he has valid points. In my opinion that just means that the world has gone crazy
Ron Paul was correct when he predicted the crash, and his firm believe in austrian economics makes me believe every word he says. Always.
Austrian economics is crap... It's utterly illogical if you don't assume a Utopian society, no better then Marxism.
I wouldn't call it crap, but certainly not as scientific as it should be. More of a political philosophy really, but it does have its share of interesting intellectual thought. Also important to note that not all Austrian economists rejected more rigorous methods.
Crazy how my response to this is compared to maybe 3 years ago. Guess I have evolved
I wouldn't call it crap, but certainly not as scientific as it should be. More of a political philosophy really, but it does have its share of interesting intellectual thought. Also important to note that not all Austrian economists rejected more rigorous methods.
Crazy how my response to this is compared to maybe 3 years ago. Guess I have evolved
Evolved and realized that I'm right (even if you're more forgiving).
Paul is adept at oversimplification....but if you follow what he's been for..it's warmed over Feudalism. Virtually EVERY reform of the past 100 yr....gone. The rich and powerful pretty much do as they please and the rest of us have to just shut up and swallow it.
The so called "Cliff" is a case of the REALITIES of a Demand-Side economy conflicting with the myths of Supply side...which have a big grip on our politics. Too much austerity dries up the economy. You can't get GROWTH when nobody spends and the private sector won't act unless they see DEMAND. However...any "austerity/spending cut" scheme...IS a case of a lot of layoffs.
Having both public sector layoffs (aka Spending cuts) along with contracts cancelled or delayed...AND dropping 1 million off Unemployment AND having taxes rise a few % (income tax) + some more (FICA)...takes a LOT out of the loop and can especially hit some areas hard. That leads to a chain reaction.
My Toyota was made in a plant in the middle of Kentucky, is by far the areas biggest employer. If demand dives and they lay off half the workers...what happens to other businesses in the area?
Meanwhile..after all the fuss over the debt...now it's gone to "Oh,nevermind" and so taxes rise a little on folks making just under a half million a year...but there's still a ton of loopholes, so you can bet Mitt won't be paying more. Judging from a lot of the nonsense we recently heard from certain politicians...they figure hardly anyone ever had a class in accounting or Econ. The folks actually making $450,000 a year in salary...will easily find ways to make a chunk of that non taxable. IRA's, Municipal bonds,various investments Likely a person could be making as much as $800,000 per and juggle it to get under the line, so...you get a REAL tax hike on less than 0.5% of Americans and they are MOST able to duck and dodge that. After all that noise and drama...the real effect on the debt is...at best..small.
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