OT: Emergency Buy Out

[Craig White]

On Sun, 2008-09-28 at 23:08 -0700, Joshua Zeidner wrote:
> On Sun, Sep 28, 2008 at 10:58 PM, Lisa Kachold <lisakachold at obnosis.com> wrote:

> >
> > But that is a famous Ron Paul quote that can't be backed with fact:  "When
> > we borrow a billion dollars every day simply to run the government, and when
> > the Federal Reserve increases the money supply by trillions of dollars in
> > just 15 years, we hardly can expect our dollars to increase in value."
> 
>   This isn't some kind of Ron Paul heresy, its based on the real numbers.
> 
>   I find it surprising that Americans have not pledged their
> allegiance to this person who has been claiming that this was going to
> happen all along.  The resistance is typically on Ron Paul's attitude
> towards particular social issues...  jmz
----
particular social issues are important too

Ron Paul is a polarizing figure and that totally marginalizes any points
that he makes.

I think if you look back, you will find this scenario was predicted by
many on the right and left (Krugman comes to mind) so I have no problem
dismissing Ron Paul for the kook that he is. I think that the saying is
that even a broken clock has the right time twice each day.

As for the debt...that's the logical consequences of cutting taxes and
not cutting expenditures, for fighting wars without raising the revenues
to fight them and just endlessly printing paper money because they can.
I don't think we need Ron Paul to point out the wrongfulness of that
logic...I think McCain understood it when he opposed the Bush tax cuts
without a reduction in spending but evidently the way to get the
Republican nomination is to do exactly what he knows intrinsically
doesn't work. For that (and probably some other reasons), I could never
vote for McCain.

Craig