Obama Continues to Bury the Country in Spending

Reader Comments
Back to blog

I fear this man Obama is leading us down the path to destruction. Common sense should tell you that continued TRILLION dollar deficit spending will bring a crisis far worse than what we have already experienced. Only a Keynesian "economists" with oatmeal for brains would think otherwise.

Mary Waterton of CA 3:07AM February 28, 2012

John of NY
Says " Dr. Paul is the only candidate equiped to make the best of it for the American people while we go on a proper path to renewal"
What has R. Paul accomplished in his uneventful terms of office for you to say that ???

Bill Hedges of MO 4:15PM February 23, 2012

It's complex with no easy answers. The first thing to do is cut spending a lot, in keeping with the Ron Paul budget proposals. Of course that would tend to slow the economy and at the same time stop inflating the money supply. The danger to the American people is when the money supply falls, a recession or even a depression could set in as spending slows down.
This would be a good time then, after such budget cuts, to embark on monetary reform while at the same time minting a new American coinage with intrinsic value. That means making gold And silver And perhaps bronze, copper and nickle coins of approximate currency value to their denomination.
A one ounce gold coin, for example, would have a near two thousand dollar value .. and so on down the line, so that paper money wouldn't be needed eventually. The idea would be to have a currency at hand that the people would circulate readily inside of the country and stave off a severe economic dislocation that otherwise will be unavoidable before too long as the currency itself faces international adjustments.
Nothing's going to be easy no matter who gets in, we've borrowed ourselves into a mess. Yet Dr. Paul is the only candidate equiped to make the best of it for the American people while we go on a proper path to renewal. The path of international peace and domestic freedoms and real fiscal responsibility.

John of NY 12:44PM February 23, 2012