Ron Paul on Obama’s Trillion Dollar Deficits
- Senator Ron Paul (R) gives his view on US government’s trillion dollar deficits “for years to come”. Ron Paul : ” more of the same.. I don’t think it will solve the problem……it reminds me of the 1930s…The culprit is really the Federal Reserve. …..”
- Ron Paul asks : “Why are we run(ning) the world empire?” . It is true. What exactly is America doing spending so much money on foreign policy actions that does not help Americans at all? America has as many as 750 military bases worldwide. Why ?? Cold war is over. Iraq war is wholly unnecessary and based upon a huge lie : WMD ! WW2 has been over for a long long time. But America still thinks he is the ruler of the world.
- Is it really difficult to balance the budget ? And get back to fiscal prudence? Not at all. America spends as much as the rest of the world combined on its military. Something like US$710B per year. What happened to the Soviet Union will happen to America. Soviet empire collapsed 20+ years ago because of over extension and the Afghan war which sucked up so much money.
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Societal and economics observer and commentator with an endtimes, future history perspective. Follow me at Twitter: socioecohistory
Military expenditure as a percentage of the GDP, by the US, is roughly half of what it was during the cold war. Also, the US supports far fewer troops than during the Cold war.