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Ron Paul to fellow House members, as they prepare to vote on the "Cut, Cap and Balance" bill:...

Ron Paul to fellow House members, as they prepare to vote on the "Cut, Cap and Balance" bill: "What we really need is a constitutional amendment to limit taxes and spending, not simply to balance the budget. What we need is a dramatically smaller federal government. If we achieve this, a balanced budget will take care of itself."
Comments (29)
  • kmi
    , contributor
    Comments (3984) | Send Message
    Mr. Paul is a true believer in what he preaches, shame to see who his bedfellows are.
    19 Jul 2011, 06:25 PM Reply Like
  • J 457
    , contributor
    Comments (947) | Send Message
    Raise taxes on everyone. Repeal Bush tax cuts.
    Close corp tax loopholes (flaws in tax code).
    Significantly reduce govt spending in all categories.
    Strengthen the dollar and create energy plan.
    Quit kidding yourselves, there are no other viable solution to pay back the debt and balance budget..
    19 Jul 2011, 08:58 PM Reply Like
  • buyitcheap
    , contributor
    Comments (1848) | Send Message
    Don't forget to eliminate section 501 of the tax code and eliminate the exempt sector and start making them pay as well. There are trillions in endowments and foundations that represent the biggest chunk of permanently deferred taxable assets. a 50% levy on that one time, and the budget problem is solved.
    19 Jul 2011, 09:19 PM Reply Like
  • Joe Morgan
    , contributor
    Comments (1500) | Send Message
    What we need is lower spending and lower taxes. End all the welfare programs and give some deserved tax cuts to those creating jobs like small businesses.
    19 Jul 2011, 06:31 PM Reply Like
  • TrueConservative
    , contributor
    Comments (70) | Send Message
    No! We cannot end corporate welfare!! It's the American Way!!!
    19 Jul 2011, 07:06 PM Reply Like
  • Derek A. Barrett
    , contributor
    Comments (3534) | Send Message
    Hey Joe,


    I'd like you to pay it forward by by championing small business, jobs, and entrepreneurs through a contribution towards interest-free loans.


    Or do me one better and use your Goldman Sachs connections and see if they would like to contribute also. Maybe they could shed some of that bad karma and get some good PR in the process:

    19 Jul 2011, 10:29 PM Reply Like
  • Joe Morgan
    , contributor
    Comments (1500) | Send Message
    No problem, would look at it.


    I would reply you later on the week.
    19 Jul 2011, 11:14 PM Reply Like
  • Derek A. Barrett
    , contributor
    Comments (3534) | Send Message
    You're the man Joe ! (seriously)
    19 Jul 2011, 11:24 PM Reply Like
  • VictorHAustin
    , contributor
    Comments (793) | Send Message
    He's dead right on this. The balanced budget amendment is the wrong amendment. It won't stem the demand to spend endlessly on every worthwhile thing anybody can think of, as if the federal government were the only institution in society and as if it should make all spending decisions, public or private.


    That's fine for relational, feeling types who would just as soon Mommy and Daddy took care of all their money, but it does a big emotional violence against independent thinkers.
    19 Jul 2011, 06:50 PM Reply Like
  • Tony Petroski
    , contributor
    Comments (6373) | Send Message
    I agree with VictorHAustin--he's dead right.


    It reminds me of what Milton Friedman used to say (paraphrasing)
    You're better off with a budget of $365 billion that raises no taxes at all and is completely unbalanced rather than a balanced budget at $1 trillion.
    19 Jul 2011, 06:55 PM Reply Like
  • Peregrinus
    , contributor
    Comments (119) | Send Message
    Politicians crave power. Without the ability to spend other's money they have no power. Ron's idea won't go anywhere.
    19 Jul 2011, 06:57 PM Reply Like
  • The Geoffster
    , contributor
    Comments (4010) | Send Message
    19 Jul 2011, 08:29 PM Reply Like
  • Cincinnatus
    , contributor
    Comments (3355) | Send Message
    If Paul gets his way, how will the government do the necessary and arduous work of regulating the liters of water our toilets may flush, and the types of lightbulbs we can screw into our light sockets?


    This guy is an extremist!
    19 Jul 2011, 07:10 PM Reply Like
  • talbano
    , contributor
    Comments (324) | Send Message
    The lightbulb thing pisses me off -
    They ended up repealing the low flush toilets caused they sucked -
    I am going to buy 10 years worth of lightbulbs - The new ones don't last any longer are more expensive and are dim.
    This so stupid
    19 Jul 2011, 09:10 PM Reply Like
  • Duude
    , contributor
    Comments (3358) | Send Message
    You're lucky you're in a state still with incandescent bulbs. Here in Taxifornia they're pretty much gone already. You just know our politicians are now tapping Optometrists for campaign payback for the increase in business coming their way.
    19 Jul 2011, 09:18 PM Reply Like
  • InvestorCP
    , contributor
    Comments (155) | Send Message
    Unless we restructure medicare and social security the remaining discretionary budget is not where the savings are. Neither is defense spending either. Some very good analysis here: The lower tax religion is great, unless the majority of people want something from the government.
    19 Jul 2011, 07:12 PM Reply Like
  • The Geoffster
    , contributor
    Comments (4010) | Send Message
    Most of the people who want something from government pay no federal income taxes. They are parasites and should not be allowed to breed.
    19 Jul 2011, 10:12 PM Reply Like
  • Hendershott
    , contributor
    Comments (1498) | Send Message
    Pure theater. might as well put on a high school play.
    19 Jul 2011, 07:45 PM Reply Like
  • Yokyok
    , contributor
    Comments (325) | Send Message
    might as well watch Cartoon Network
    19 Jul 2011, 08:15 PM Reply Like
  • Agbug
    , contributor
    Comments (1085) | Send Message
    Ron Paul keeps making statements that make sense. No wonder he'll never get anywhere. Too bad!


    The facts seem to indicate we as a country like it the way it is, blowing up things with fancy weapons is cool, a little collateral damage is the price you have to pay, much like season ending injuries on the football field, fallen warriors and all that. Cut off entitlements? The poor people might get off the couch and storm the gated communities (one of my favorite oxymoron's). Grandma and Grandpa might have to end up living in our homes, old people smell funny, can't have that, and we have soccer practice this week. Send them to Florida, I don't care if we can't afford it, budget deficit be damned. Suzy might have to live with us with her illegitimate children and the three fathers of her three children will be in the basement keeping Gram and Gramps awake all hours of the night, can't have that. Cut off WICA, the fat kids will go hungry, can't have that. Cut off Medicaid, how will the obese SSID recipients get ankle surgery and scooters, can't have that.


    We've made our beds.
    19 Jul 2011, 07:56 PM Reply Like
  • tjohn1
    , contributor
    Comments (152) | Send Message
    I do not know when was the last time our constitution amended. I remember equal rights amendment. It did not pass. Not only you need overriding support from Congress and you need the same support from States. I think Ron Paul's amendment will never pass. I think a wholesale re-write is the only option. So many other countries have done that. Our government as presently designed by the founding fathers does not work. A new design and a new Constitution are needed. The present time is so different from the time our Constitution was drafted. Think about it.
    19 Jul 2011, 08:05 PM Reply Like
  • HiSpeed
    , contributor
    Comments (1063) | Send Message
    I thought about it:


    You are wrong, and the Founding Father's were right
    19 Jul 2011, 09:27 PM Reply Like
  • Cincinnatus
    , contributor
    Comments (3355) | Send Message
    "Our government as presently designed by the founding fathers does not work."


    Our government as currently run doesn't in any way conform to the design (the Constitution). Blame the present generations that are running the works into the ground, not the original designers.
    20 Jul 2011, 02:25 AM Reply Like
  • The Geoffster
    , contributor
    Comments (4010) | Send Message
    Send Obama to Nigeria and let him try to fix that disaster. They don't want him in Kenya. Paul is headed back to Texas after this term. Elect me dictator for life and I'll clean out the rest of the nomenclature. Can't promise you things will get better, only different. Should be fun though.
    19 Jul 2011, 08:40 PM Reply Like
  • valueinvestor123
    , contributor
    Comments (327) | Send Message
    If we all vote for Ron Paul then he can get somewhere else. The others need to raise billions to manipulate their messages. Ron Paul has the right message. Let others raise more money. In the end, if we all vote Paul he can win.
    19 Jul 2011, 09:52 PM Reply Like
  • talbano
    , contributor
    Comments (324) | Send Message
    that will never happen though plus he's 80 - not real sure about 80 year old president and is a little too radical for me.
    20 Jul 2011, 12:12 AM Reply Like
  • farmer448
    , contributor
    Comments (229) | Send Message
    I am reminded of my Supply Sargent in basic training telling us that the Vietnam war was stimulating the American Economy. He used the example of clearing an Landing Zone cost on average 80K.


    The only problem was it was not an investment in growing productive assets in the US.
    19 Jul 2011, 11:30 PM Reply Like
  • Trever99
    , contributor
    Comments (105) | Send Message
    No politican in the USA has the go-nads to balance the budget or run a surplus... becuase the other party.. regardless of which that is... will simply say that taxes are too high.


    And until the USA decides it's not "weak" to shrink it's bloated useless military... it will continue to purchase hundreds of billions in useless military that doesn't effectively fight anything.


    Best of luck as the future "Mexico North"
    19 Jul 2011, 11:35 PM Reply Like
  • gensearch2
    , contributor
    Comments (1390) | Send Message
    There's plenty of land. Let the red states and the blue states have separate countries. Irreconcilable differences.


    Here's the "pro-business" plan of the red states when properly executed.


    Highest Poverty Rates in the US.


    Rank State Poverty Rate
    50 Mississippi 20.1%
    49 Louisiana 18.3%
    48 New Mexico 17.9%
    47 Alabama 16.7%
    46 Texas 16.2%
    36 Arkansas 15.9%
    45 Oklahoma 15.6%
    44 West Virginia 15.4%
    43 Arizona 15.2%
    41 Tennessee 15.0%
    42 South Carolina 15.0%
    40 Kentucky 14.8%

    20 Jul 2011, 06:45 AM Reply Like
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