This is a good interview with Sen. Rand Paul (R-KY), in spite of the interviewer. Of course, the interviewer makes some foolish remarks, suggesting about 25 seconds into the interview that Paul’s proposed spending cuts amounts to “going off the rails.” How about spending $14 trillion that you don’t have? We went off the rails a long time ago. Paul should be commended for proposing serious solutions for a complicated problem. He has the political courage to speak the truth. The phrase “political courage” sounds hifalutin and is invoked too frequently but that’s what this is–political courage.
Posts Tagged ‘National Debt’
National Debt Increases $5 Trillion After Pelosi Declared, “No New Deficit Spending”
The Obama administration and the Democratic-controlled Congress say they are serious about reducing the national debt. The subject of our current book giveaway, House Speaker Nancy Pelosi, even vowed in 2007 that there would be “no new deficit spending,” according to a recent article by CNSNews.com. It’s true what the say: actions speak louder than words. Since her proclamation, the national debt has increased by $5 trillion. You don’t need to have a PhD in Economics to understand that nothing good can come from a nation whose debt is $13 trillion. When that bubble pops, it will have cascading effects for all Americans.