Ron Paul: A Man Among Boys at ABC Debate

Jamie, what questions have I not responded to?

 

BTID said

BTID, our dollar is not on the gold standard. It was removed back in the 70s when Nixon took us off the gold standard. The rise and fall of gold in relation to the dollar is a loose correlation but not a direct consequence. Other factors affect the relation between gold and the dollar.

 

Poncho, here are the three questions. You said if I posted them again you would answer them. You have not answered them.

 

This is was a response to my comment:

The base, if you will, of this statement is, as I noted in beginning portion of my post, "indefinite deficit spending." Unless you consider the numerical continuum optional, we have to be heading towards destruction. How is that debatable? I mean, heck, if I indefinitely spent more than I made you wouldn't dispute the fact that I was heading off of a financial cliff would you?

Again, Friedman, a Nobel economist no less, would disagree with feigning exasperation at the perpetuance of inflation. He also would have advocated Austrian Economic policies to curtail it.

Also, by measuring against the astronomical inflation of the Carter era it's easy to sniffle at the low(er) level today but that still doesn't mean any inflation need be acceptable, which is precisely why backing the currency and balancing the books would virtually wipe it out. In fact, according to InflationData.com (neat E-zine, btw) inflation is:

All inflation is demonstrably avoidable.

 

More "stalling" on your part?

The question was simple. Go back to: http://www.baptistboard.com/showpost.php?p=1164581&postcount=86


Look over the nine minute video and tell me what your thoughts are.

Reminder:

David M Walker has nothing to gain or lose. He isn't running for office.. He is the nation's chief accountability officer and head of the U.S. Government Accountability Office.

You seem to think this country is fine. This country can continue down the path we're headed without the need for corrections and change. How does what Mr Walker say compare to your views?


Jamie

 

This'll have to be my last post on this thread for today.

Poncho,
Having a conversation with you is like trying to pick up liquid mercury with a thumb and forefinger. After repeated attempts, I will no longer keep asking you to answer my questions. Others who read the thread will have to ask themselves why you refuse to answer and they can draw their own conclusion. Perhaps you should apply with Ron Paul to be his press spokesperson and you could have a full career in not answering questions.

Ivon,
The US has engaged in deficit spending since the Roosevelt administration and, during that time, we have built an economy that is the envy of the world. Sorry, but I disagree with your conclusions.

Jamie,
I was at work today and I did not have time to watch your 9-minute video. Now I'm home with my wife and I need to spend time with her. Priorities, my friend. If I have time to see it tomorrow I will and I will comment on it. Not making any promises, though.

 

Thanks, Jasmine. I asked and you answered and it does seem to support what you said. Are there releases from the Fed available that would show the difference over a shorter time frame, like say from September 2001 to October 2001?

BTID, is there a specific reason that you put inflation in all caps? I can read the word inflation just as easily as I can read INFLATION. It reads as though the reason you did that is similar to the reason that Biff always used to yell "Hello! Are you in there, McFly?!" at George McFly in Back to the Future. Basically, Biff thought that George was stupid and I can't help but think that you think the same thing of me. Especially considering previous exchanges with you on this board.

Am I wrong in how I read that?

 

But we built our economy IN SPITE of deficit spending NOT BECAUSE of it. Long term deficit spending is always an impediment to growth. And, it's demonstrable, if you looked at anything from inflationdata.com, that our economy would be better off without deficit spending. I'm not saying that our economy isn't the envy the world, but that doesn't mean it couldn't stand to improve with a healthy dose of fiscal conservatism does it?

 

"swaimj, I report you decide!"

From JamieinNH's fantastic Glenn Beck video:

1) The average American home needs $400,000 to pay for govt. programs

2) Deficit spending is the only subject that all experts agree could wipe out our nation

3) If the US were a private company it would have been bankrupt long ago

4) Our children are screwed

5) Their children are screwed

6) Their children's children are screwed

swaimj, I think you're the frist person I've met who doesn't think govt. spending could lead this nation's economy to disaster.

 

Ivon said:

With this I agree. However, this statement is a long way from "The US is on the verge of/heading toward economic collapse". My point is that a certain amount of borrowing within one's means is actually good and productive. As a car salesman, I know that most customers could not afford the cars they drive unless they borrowed to get them. Do some borrow too much to get more than they can afford? Yes, some do. But most people borrow within reasonable means and, without straining themselves, they drive a nicer car than they could otherwise afford. I just don't see what is wrong with borrowing within your means whether it be an individual or a nation. Is the US borrowing too much? I think there is a reasonable argument that says no. So, I get a little turned off by doomsday claims and demands that we stop borrowing altogether. Since most Americans are in debt I don't think your "no borrowing" message resonates with most Americans and I don't think it ever will. Consequently, your candidate who preaches such a radical message will always get lots of attention for his off-beat proclamations, but he will probably always remain just a candidate.

 

But you HAVE to concede that we're way beyond that point. Look at the video JamieinNH posted. I don't have an extra $400,000 to contribute to entitlements and that's not counting the additional money necessary to pay for our foreign policy.

 

The borrower is slave to the lender. (Prov 22:7). There is no reason to borrow to buy a car. Buy a junker, save, move up several times, and before you know it, you have a new car and owe nothing.

If you took a $400 a month car payment, and at 25, put it in a mutual fund that averages 10% until 65, you will have well over one million for retirement. Hope you enjoyed the car.