Thursday, October 11, 2012

Ron Paul: Government a "Giant, Blood-sucking Parasite on Economy"

Economic warrior Ron Paul, who is an enemy of big government, government dependency, and the coming fallout from the promises made by the government which are not sustainable, rightly noted on his congressional website that the government "is a giant, blood-sucking parasite on our otherwise healthy economy."

Even so, Paul says his opposition to government is no longer just about dependency and dignity, but "more about the deceitfulness of government promises."

Consequently, Paul sees Greece as being a bellwether for the United States, as large numbers of Greeks were promised more than the government ever had a realistic chance to deliver, and now that the country is essentially bankrupt, and the programs and entitlements having to be cut back to have any chance to survive, the people are rioting in the streets in response to losing their pampered lifestyle promised by the government.

According to Paul, a number of sources believe if the government of the United States doesn't rein in its spending, that will be where America will be within a decade or so.

It also appears that Congressman Paul considers the debate over entitlements for food, shelter and health care to be over, as it's irrelevant if these continue on unabated, as the entire system will eventually collapse under the weight of the unsustainability of the programs, where he says that "the number of Americans who have significant dependency on government is dangerously high, and I honestly fear for them."

Taking into account welfare, food stamps, Social Security and Medicare, Paul says over 165 million Americans get direct help from the government, which is 53 percent of the population.

Thus the argument on whether or not programs like Social Security and Medicare are a right because people pay into them, according to Paul, is a moot one when the government ultimately defaults or the other possibility - soaring inflation. Both are in effect a default, and those dependent upon government will be hit hard when one or the other, or both happen.

Paul also blasts the recent decision by the Federal Reserve to implement an open-ended stimulus program, which will allow government officials to spend at extraordinary rates, which will drive up the debt even more.

Also getting Paul's wrath was the growing amount of corporate welfare which produces crony capitalism. Paul cites Cato's Tad Dehaven as saying corporate welfare probably accounts for about double of what it costs for social welfare handouts.

When you add the employees of these companies dependent upon government bailouts, contracts and grants, the amount of people that will be devastated by a default are legion.
The answer, according to Ron Paul, is this: 

Government does not create resources when it taxes people and prints money; it merely redistributes the wealth, while supporting a massive, wasteful bureaucracy along the way.  Government is a giant, blood-sucking parasite on our otherwise healthy economy. For too long we have entrusted too much economic power and influence to irresponsible politicians in Washington. It's the chaos that ensues after they run the system into the ground that will be so painful for so many people. But realigning our economy with the free market and away from government mandates and handouts must happen in order for it to thrive again.
The answer is not to keep asking government to do more. The answer is to extricate our economy and ourselves from the grasp of Washington DC as much as possible now, before our dependency becomes our downfall.

I agree 100 percent with him.

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