Posts Tagged ‘ron paul’

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:
 
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 Quote
 

“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

 

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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:

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.

Ron Paul: No-Win Wars

Posted by admin on Monday, May 10, 2021

Ron Paul Money Quote saying our congress members should protect constituents freedoms and not start wars and foment financial turmoil. Ron Paul said:
 
The moral and constitutional obligations of our representatives in Washington are to protect our liberty, not coddle the world, precipitating no-win wars, while bringing bankruptcy and economic turmoil to our people Quote
 

“The moral and constitutional obligations of our representatives in Washington are to protect our liberty, not coddle the world, precipitating no-win wars, while bringing bankruptcy and economic turmoil to our people” — Ron Paul

 

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In this quote, Ron Paul is criticizing the approach of intervening extensively in foreign conflicts and taking on the role of global policeman. His interpretation is that the primary obligations of U.S. political leaders are to protect the freedoms of American citizens, not to excessively “coddle” or involve themselves in every problem around the world through military force.

Paul argues this tendency towards overreach in policing the globe leads to unwinnable, open-ended wars that drain resources and lives while also bringing economic ruin through the massive costs involved. His view is that the U.S. should pursue a more restrained foreign policy focused on national defense rather than endless foreign entanglements, which he believes undermine prosperity and security at home rather than enhancing them.

Ron Paul: Economic Beneficial War

Posted by admin on Tuesday, May 4, 2021

Ron Paul Money Quote saying only those who stand to profit from war expenses will be the only benefactors to war. Ron Paul said:
 
War is never economically beneficial except for those in position to profit from war expenditures Quote
 

“War is never economically beneficial except for those in position to profit from war expenditures” — Ron Paul

 

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In this quote, Ron Paul is arguing that war rarely if ever provides true economic benefits for society as a whole. His interpretation is that while certain industries like arms manufacturers profit substantially from the increased spending on weapons and supplies during wartime, war itself does not stimulate overall growth or increase aggregate wealth for most citizens.

Paul seems to be suggesting that war is mainly advantageous financially for those companies and individuals (“those in position”) that are directly involved in the war economy through contracts, but does little to advance broad-based prosperity.

The underlying message is skepticism that war can be economically justified, as any gains tend to disproportionately enrich private profiteers rather than benefit the general public or nation in net fiscal terms once all costs are considered.

Ron Paul: Bad Income Tax Year

Posted by admin on Thursday, April 13, 2017

Ron Paul Money Quote saying he’s opposed to any year that has anything to do with taxes and suggests the IRS makes 1913 unlucky. Ron Paul said:
 
1913 wasn't a very good year. 1913 gave us the income tax, the 16th amendment and the IRS Quote
 

“1913 wasn’t a very good year. 1913 gave us the income tax, the 16th amendment and the IRS” — Ron Paul

 

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In this quote, Ron Paul is expressing his negative view of the year 1913 in U.S. history. The best interpretation is:

  • 1913 saw the passage of the 16th Amendment, which established Congress’ power to impose and collect income taxes from U.S. citizens.
  • This led to the creation of the Internal Revenue Service (IRS) to administer the collection of income taxes.
  • Paul believes these developments marked a significant expansion of federal power over citizens that has had long-lasting negative impacts.
  • He sees the income tax and the IRS as burdensome institutions that give the government intrusive oversight into Americans’ financial lives and earnings.
  • The overall message is Paul’s libertarian perspective that 1913 ushered in oppressive taxation policies and a powerful tax collection agency that undermine individual economic freedom and privacy according to his view.

Ron Paul: Fear of Financial Anarchy

Posted by admin on Monday, April 20, 2015

Ron Paul Money Quotation saying Banks and bankers fear financial anarchy if digital currency is allowed to go unchecked and threaten banking. Ron Paul said:
 
I understand the political ramifications of [bitcoin] and I think that government should stay out of them and they should be perfectly legal Quote
 

“I understand the political ramifications of [bitcoin] and I think that government should stay out of them and they should be perfectly legal” — Ron Paul

 

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Ron Paul has generally been supportive of bitcoin and digital currencies. This suggests that Ron Paul believes governments should not overregulate or ban bitcoin, and that people should have the freedom to use digital currencies if they choose.

He also says that banks and bankers may fear financial anarchy if digital currencies are allowed to go unchecked and threaten banking. But Ron Paul seems to think governments should not interfere with bitcoin and let it operate freely in the market.

Ron Paul: Budget Alcoholism

Posted by admin on Saturday, July 31, 2010

Ron Paul Money Quotation about how governments can’t keep or grow a surplus of funds and compares them to drinkers with extra booze available.
 
The federal government cannot maintain a budget surplus any more than an alcoholic can leave a fresh bottle of whiskey untouched in the cupboard Quote
 

“The federal government cannot maintain a budget surplus any more than an alcoholic can leave a fresh bottle of whiskey untouched in the cupboard” — Ron Paul

 

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In this quote, Ron Paul is drawing an analogy between the federal government and an alcoholic person. The best interpretation is:

  • Paul believes that just as an alcoholic cannot be trusted to have excess alcohol available without drinking it, the federal government similarly cannot be relied upon to maintain a budget surplus and refrain from spending extra funds.
  • Paul’s view is that any budget surplus will inevitably be spent by the government, which has a chronic inability to leave money untouched in “the cupboard” like an alcoholic with whiskey.
  • The overall message is one of skepticism about fiscal restraint – Paul doubts the government’s ability to refrain from overspending and view a surplus as a reason to increase expenditures rather than save or return unused money to taxpayers.
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