Honestly I hope this guy wins...how much worse can shit get anyway?
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hahahah you ron paul disciples are like conspiracy theorists, you can't figure his bullshit out on your own so then you turn it around to those who can and point your finger.
on july 22nd ron paul blogged http://www.bloomberg.com/news/2011-0...-ron-paul.html
then on july 28th @ 0.45 seconds in the video here
he says no need to default.
you ron paulies can tiptoe the ron paul line all ya want, i couldn't care less, i just enjoy pointing out what a piece of shit politician the guy is.
ron paul 2012Comment
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hahahahahahahahah
i just googled *ron paul flip flop*
3,400,000 results
flip flopped on:
evolution
from a democrat to republican
don't ask don't tell
etc
et al
on & on
http://www.google.com/search?aq=f&so...paul+flip+flop
hahahahahahahaLast edited by dyna mo; 07-29-2011, 06:06 AM.Comment
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He says basically the same thing in the op-ed piece you linked to:
Where is the flip flop?Hard Decisions
It isn?t too late to return to fiscal sanity. We could start by canceling out the debt held by the Federal Reserve, which would clear $1.6 trillion under the debt ceiling. Or we could cut trillions of dollars in spending by bringing our troops home from overseas, making gradual reforms to Social Security and Medicare, and bringing the federal government back within the limits envisioned by the Constitution. Yet no one is willing to step up to the plate and make the hard decisions that are necessary. Everyone wants to kick the can down the road and believe that deficit spending can continue unabated.
Unless major changes are made today, the U.S. will default on its debt sooner or later, and it is certainly preferable that it be sooner rather than later.Comment
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if you can't see it, i can't explain it. besides, i asked you first to explain to me how ron paul knows and understands the consequences of a default, i never heard back from you.
and that video isn't an op-ed piece, it's an interview of ron paul where he STATES verbatim that there is no need to default.
/Last edited by dyna mo; 07-29-2011, 06:24 AM.Comment
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How does he know what will happen if we defaulted? Because he was alive and remembers what happened last time? But I dont know, how he knows. Maybe he knows something about our history.
http://blogs.wsj.com/marketbeat/2011...-we-defaulted/
As a result, t-bill rates jumped 60 basis points, an increase that didn?t go away once the government came to its senses and cured the default, wrote Terry Zivney and Richard Marcus back in 1985. ?The default apparently warned investors that Treasury issues were not completely riskless, which translates into a $12 billion annual increase in federal interest payments as a result of the 60 basis point permanent increase in interest rates,? they wrote.
So the default permanently affected US short-term borrowing. But it had no discernible effect on long-term borrowing. Ten-year Treasury yields were about the same at the end of May as they were at the start of April 1979.
The dollar fell a teensy bit after the 1979 default, but soon turned higher, notes forex analyst Kathy Lien. It tumbled toward the end of the year, but the default probably had nothing to do with it.
As with a rating-agency downgrade, a brief technical default is probably not nearly as important for interest rates or the dollar as is the outlook for inflation, which in 1979 was very dire indeed.
Just to close the books on 1979, as it turned out, the country was not in permanent decline, and disco?s stranglehold brought us punk. Silver linings, people!
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also, please address why ron paul refers to the congress, the arm of the government he has worked for for 35+ years, as *they*.
thx in advances.Comment
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Holy crap dyno homo you're such an attention whore you bumped your own thread 3x. LOLComment
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