Friday, August 31, 2012

Ron Paul washes his hands of Keynesian, fiscally irresponsible Republican party

Congressman Paul’s assessment of the Republican party being no different than the Democrats when it comes to government spending and Keynesian economic doctrine is easily exemplified in Mitt Romney’s vice-presidential candidate, Paul Ryan. As Chairman of the House budget committee, Ryan backed the raising of the debt ceiling in August of last year, and voted for TARP and the Obama stimulus packages which has increased the national debt by more than $2 trillion. His recent speech on cutting spending is actually just a proposal to cut future increases in spending, and not remove much from the over $1.4 trillion annual deficit.