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Dr. Ron Paul's farewell speech to US Congress


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“If it’s not accepted that big government, fiat money, ignoring liberty, central economic planning, welfarism, and warfarism caused our crisis, we can expect a continuous and dangerous march toward corporatism and even fascism with even more loss of our liberties.”

Congressman Ron Paul: ‘America is broke’


The US “cannot go on much longer” if it continues to spend and consume in the existing way, according to Ron Paul, who made his farewell speech to the Congress earlier on Wednesday, as the 77-year-old will be retiring at the close of this term.

His address wasn’t a summary of his long political career. On the contrary, the congressman from Texas, who is known for his critical views of American policies, this time exceeded all experts’ expectations, by the direct criticism of the existing situation in the United States, as he posed several key questions, which have been in the air for a long time.

In his sharp 52-minute speech Paul lambasted American government, dollar crisis, fiat money, federal debt and borrowing, the power of the Federal Reserve system, politicians and special interests by a limited circle of people, who are behind the country’s authorities.

“The government has grown exponentially, taxes remain excessive as a prolific increase of incomprehensible regulations continues. Wars are constant and pursued without a congressional declaration. Deficits rise to the sky, poverty is ramping and dependency on the federal government is now worse than any time in our history. All this with minimal concerns for the deficits and unfunded liabilities, that common sense tells us: it cannot go on much longer,” said the congressman.

Paul also criticized America for being the world’s biggest consumer. In his opinion, it has already damaged the country.

“The spending continues, as the economy weakens and the downward spiral continues. As the government continues fiddling around, our liberties and our wealth burn in the flames of a foreign policy, that makes us less safe. The major stumbling block to real change in Washington is the total resistance to admitting that the country is broke,” pointed out the republican.

“We can expect the continuous and dangerous march to a corporatism and even fascism with even more loss of our liberties. Prosperity for our large middle class though will become an abstract dream,” he also added.

The congressman said that during his years of being on the political scene, from 1976 to 2012, the government had “accomplished very little.” It is an open secret, that the American foreign debt is the biggest in the world. The country owes more than $16 billion in total and that enormous figure is constantly growing. The enduring politician had a clear word on that too.

“We have ended up with the system, that doesn’t produce enough even to finance the debt and no fundamental understanding of why a free society is crucial to reversing these trends. If this is not recognized, recovery will linger for a long time. Bigger government, more spending, more debt, more poverty for the middle class and in a more intense scramble by the elite special interests will continue,” added the congressman.

The retiring politician also admitted the failure of the country’s chief law.

“Our Constitution, which was intended to limit government power and abuse, has failed. The Founders warned that a free society depends on a virtuous and moral people. The current crisis reflects that their concerns were justified,” Paul said.

The congressman left the podium, offering an answer to all of these problems, saying that people should choose liberty and limit government, and seek change within themselves.

“We need an intellectual awakening. Without an intellectual awakening the turning point will be driven by economic law. A dollar crisis will bring the current under-control system to its knees,” concluded Paul.


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I read through most of the speech. A lot of the stuff makes a lot of sense and I wish Congress would listen to it. (A bit of it is straight up crazy but oh well.)

These were my favourite questions of his:

  • Why are sick people who use medical marijuana put in prison?

  • Why does changing the party in power never change policy? Could it be that the views of both parties are essentially the same?

  • Why did the big banks, the large corporations, and foreign banks and foreign central banks get bailed out in 2008 and the middle class lost their jobs and their homes?

  • Why does the use of religion to support a social gospel and preemptive wars, both of which requires authoritarians to use violence, or the threat of violence, go unchallenged? Aggression and forced redistribution of wealth has nothing to do with the teachings of the world great religions.

  • Why is democracy held in such high esteem when it’s the enemy of the minority and makes all rights relative to the dictates of the majority?

  • Why should anyone be surprised that Congress has no credibility, since there’s such a disconnect between what politicians say and what they do?

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Ron Paul's Policies Would Put Many Americans in Peonage

By Jon C. Hopwood | Yahoo! Contributor Network

COMMENTARY | Ron Paul's policies would turn back the clock to the days before Franklin Roosevelt's New Deal, resulting in the destruction of the middle class as we know it. My parents grew up in the kind of society that Paul advocates. There was a small middle class of professionals and small business owners.

Farmers were considered middle class as they did not work for wages and owned their land, but many were heavily mortgaged and a good deal were poor. In the 1930s, working people were lowly paid wage slaves, lucky to have jobs.

Peonage was legal until finally outlawed in 1945 by a Supreme Court dominated by justices picked by FDR, who created the modern middle class, which was midwived by Harry Truman. The G.I. Bill provided education and home loans, and veterans were given a weekly stipend of $20 for one year. This program was called the 52/20 Club.

At a rally in Nashua, N.H., Ron Paul claimed military cut backs would lead to an economic boom, saying World War II ended the Great Depression. The troops came home and their spending power ended the depression.

It was one of the most stunning displays of ignorance I've ever heard. It was World War II that ended the Depression, when U.S. industry, under federal direction, shifted the economy to war production. When the troops returned in 1945 after war production ended, they suffered through the worst recession of the past 65 years. The 52/20 Club was created because of high unemployment.

What is particularly appalling is Paul is a Texan. FDR (with the help later of Lyndon Johnson) brought electricity to Texas, improving the quality of life. Without FDR, LBJ, the "big government" Democratic Party and the largesse of the federal government -- all the pork Texas has devoured from the federal trough, including earmarks a hypocritical Paul puts in each spending bill, knowing the bill will get passed despite his voting against it) -- Texas would be mired in poverty.

As a 76-year-old Texan born into the Depression who experienced the positive changes brought to the Lone Star State by the federal government, Paul should know better. That he does not reminds one of the observation of Prince Hal made of Falstaff: "How ill white hairs become a fool and jester."


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