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    #11
    Anyone worried about runaway government
    spending won't park their vote with the
    Democrats. Ron Paul's votes will come at the
    expense of Repubicans.
    If Ron Paul runs, he won't win anyway, but I
    strongly suspect the result would be another 4
    years for Obama. Ironically that would result in
    the US moving even faster toward total economic
    meltdown. My 2cents.

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      #12
      The choice the Amercans have right now is between Obama's vision of an unlimited welfare state and Romney's vision of a limited welfare state. Ron Pauls idea of no welfare state what so ever, as much as I agree with it, is a non starter at this point. Its too much, too quick.

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        #13
        They can start helping their economic woes by cutting their Bloated defence budget. They spend more on their Military than the NEXT 17 Countries COMBINED.
        Democrats and Especially Republicans(except for Ron Paul) Do not want to reduce this Bloated pig that sucks the life out of their budget

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          #14
          mg src="http://www.usfederalbudget.us/include/usgs_chart2p04.png" />

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            #15
            Cutting defense isn't enough. Even if the US had
            cut ALL government defense spending, in 2011
            Obama's spending deficit would still have been
            almost a half trillion.

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              #16
              Austerity is coming one way or another. The trick
              is to think about what governments policies will
              be.

              If they back off and allow a more normal market
              function we are going into a deflationary death
              spiral.

              Or they can carry on with what their doing which
              is stepping in manipulating and controlling and
              taxing and regulating and bailing out and
              purchasing ever increasing amounts of bonds to
              keep the wheels on until their term in office is up
              which takes us straight into an inflationary death
              spiral.

              The fact that even Alberta......Alberta can't
              balance and refuses to balance shows the very
              clearly in my mind which path we are on and have
              always been on.

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                #17
                The main reason why someone like Ron Paul could not win an election today is that most Americans, like Canadians and Europeans and citizens of many countries around the world, value their government entitlements more than their freedom or their ability to progress economically. Despite the catastrophe enveloping Europe, no political leader there wants to challenge the welfare state mentality in a significant way. They would rather watch their economies run into the ground than admit that government entitlements have become outrageously expensive and unsustainable. Political circles on this side of the Atlantic are dominated by much the same thinking. All that's different is the timeline by which this disastrous situation unfolds.

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                  #18
                  A really solid-thinking post, liberty, and well-
                  expressed. Pars.

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                    #19
                    A really solid-thinking post, liberty, and well-
                    expressed. Pars.

                    Comment


                      #20
                      Expect a global coordinated qe announcment.

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