Ron Paul: Collect Tax Revenues

Posted by admin on Tuesday, November 30, 2021

Ron Paul Money Quote saying the government has an income shortfall, so alternatives are to manufacture cash or borrow more. Ron Paul said:
 

 

“When the federal government spends more each year than it collects in tax revenues, it has three choices: It can raise taxes, print money, or borrow money. While these actions may benefit politicians, all three options are bad for average Americans” — Ron Paul

 

 

In this quote, Ron Paul is outlining the options available to the federal government when its spending exceeds the tax revenue it collects. The best interpretation is:

• Raising taxes places additional burden on citizens and businesses.
• Printing more money can lead to higher inflation as the money supply increases, devaluing people’s savings.
• Borrowing money grows the national debt and passes financial obligations on to future generations in the form of interest payments.

Paul believes all of these choices may benefit politicians politically but ultimately hurt average Americans either through higher costs of living, inflation, or a mounting debt load.

The overall message is that Paul views deficit spending as unsustainable and harmful, with any attempts to remedy budget shortfalls coming at the expense of ordinary taxpayers according to his analysis.