Posted on 04/30/2007 9:14:44 AM PDT by Austin Willard Wright
We published an analysis on “Dollar Myths” in which we criticized spending habits in Washington:
"Interestingly, nobody seemed to focus on the fact that there is an unconventional solution to foreigners holding too much of our debt: live within your means and do not issue debt. Such an old fashioned concept would indeed strengthen the dollar. Unfortunately, none of the presidential candidates at either side of the aisle seem to have heard of this notion."
We missed that there is indeed a presidential candidate who believes in the old fashioned view to “live within your means.” Our apologies go to Congressman Ron Paul, who threw his hat in the ring on March 12, 2007, announcing his candidacy for the Republican presidential nomination. Ron Paul is the one member of Congress who is a true fiscal conservative. As a member of the House Committee of Financial Services, he does not hesitate to speak out against inflationary policies. On his campaign website, Ron Paul 2008, he writes:
“Real conservatives have always supported low taxes and low spending.
But today, too many politicians and lobbyists are spending America into ruin. We are nine trillion dollars in debt as a nation… If we don’t cut spending now, higher taxes and economic disaster will be in their future – and yours.
(Excerpt) Read more at fxstreet.com ...
Of course you are.
I own an historic bridge in Brooklyn, and I am accepting competitive bids.
Did you even know we cut off the Japanese oil supplies?
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