Sen. Rand Paul added his name to the list of lawmakers opposing the bipartisan budget deal carved out between House and Senate negotiators, saying it is ‚Äúshameful‚ÄĚ to restore previously agreed to spending cuts in exchange for promises of future deficit reduction.
Mr. Paul, Kentucky Republican and likely 2016 presidential contender, said that the two-year spending proposal is like many that have come before it.
‚ÄúThere is a recurring theme in Washington budget negotiations. It‚Äôs ‚ÄėI‚Äôll gladly pay you Tuesday for a hamburger today,‚Äô‚ÄĚ Mr. Paul said in a statement. ‚ÄúI think it‚Äôs a huge mistake to trade sequester cuts now for the promise of cuts later.‚ÄĚ...
Chris Frost wrote: The China thing is way overblown, over done, and just plain tired. We only owe them 1.3 trillion. In all, we owe other countries about 5 trillion total. Believe it or not, we owe more to ourselves than any other entity.....to the tune of 6 trillion. Yes, we are borrowing primarily from ourselves, not others.
Many people have difficulty understanding the USD as a fiat reserve currency, as most perceive currency from a mercantilist perspective. A good website to follow articles about the economy is LEWROCKWELL.COM. While these articles are heavily weighted towards the Austrian School of Economics(like the ones by Ron Paul), it can build a foundation for understanding the FED and how they can continue to print despite the logical inconsistencies
The China thing is way overblown, over done, and just plain tired. We only owe them 1.3 trillion. In all, we owe other countries about 5 trillion total. Believe it or not, we owe more to ourselves than any other entity.....to the tune of 6 trillion. Yes, we are borrowing primarily from ourselves, not others.
Yeah, it sounds like the typical Republican troglodyte doesn't it? or at least the mental midgets that the Republicans had running especially for the Senate last year.
Chris Frost, yes, good comment, as at least my URL for Mr. Boehner's comment came through correctly, I will suggest people see that he's finally got tired of the tea-party types. It hasn't come soon enough.
Jim, I did read an article Ryan wrote defending his deal. I did like the keeping of 92% of the sequester. I am against government ran social programs that sick a lot of folks money and gives it to those who didn't earn it. BTW, what do you mean by " Sam's Club Republicans"?
I am with you Rand Paul, it is embarrassing that LAW makers do not adhere to the very laws they create. Racking up debt, FORCING the taxpayers to pay for social programs in which a major pocket of recipients work for or contribute to ( if a man is not willing to work, neither shall he eat...hello) its finding. Ryan is a budgetary genius, but the desire to be more palatable to uber liberals is a conspicuous element to this "deal". The sequester is painful, but a bankrupt country would be devastating.....Await your response Jim from Lincoln..:-)