Patriot,

This week, Washington, D.C. went through all-too-familiar motions
when faced with hitting the debt ceiling once again: Demands from
Democrats to raise the debt ceiling were met by half-hearted
protests from Republicans.

We know how this will end.

As I discuss in my latest column, which you can read below, the
prospects for any meaningful reforms are dim. But ultimately, the
problem is that too many Americans still expect the government to
provide for them.

Our task is to continue to reach more Americans, teach the
principles of liberty, and mobilize them to hold our elected
leaders accountable.

That's what Campaign for Liberty seeks to accomplish, week after
week.

Read my column below, and if you support our work, please
consider chipping in a contribution to help us reach more people.

[link removed]

Thanks for all you do,

Ron Paul


Congress Ignores Real Debt Ceiling Drama

Last week the House passed legislation increasing the debt
ceiling. The bill was supported by all but four Republicans. For
some Republicans, this was the first time they had ever voted for
a debt ceiling increase. Perhaps the reason they did so this time
was because the legislation also promised to reduce federal
spending by $4.5 trillion over the next decade. Most of those
spending reductions are achieved by rolling back Fiscal Year
spending to 2022 levels and then limiting increases in spending
to one percent for the next ten years. The bill also returns
unspent COVID relief money to the U.S. Treasury and eliminates
President Joe Biden's student loan forgiveness programs.

Perhaps the most significant part of the bill is the REINS Act.
This legislation requires congressional approval of any new
federal regulation that will have an impact of more than $100
million, will have significant harmful impact on the economy, or
will increase consumer prices. Even though the bill increases
spending and debt, there are reasons a supporter of limited
government might vote for it.

However even in the unlikely event that this bill is passed in
the Senate and signed into law by President Joe Biden, it is
unlikely that the one percent spending cap would remain in force
for the full ten years. Historically, spending caps imposed as
part of a balanced budget or debt ceiling deal do not last for
more than one or two Congressional terms. This is because every
spending program is "protected" by members of Congress whose
constituents and/or donors benefit from the program. This process
already occurred with this bill before it was even voted on, as
Speaker Kevin McCarthy had to remove provisions limiting ethanol
subsidies to appease several farm state Republicans.

Surely lobbyists for the military industrial complex are already
plotting to use hysteria over China, Putin, Iran, or one of the
U.S.'s many other designated enemies to justify greater than one
percent increase in military spending.

The only reason the U.S. government is able to run up such huge
deficits without experiencing a complete economic meltdown is the
dollar's world reserve currency status. But the growing
de-dollarization movement-fueled by the US government's fiscal
recklessness and hyper-interventionist foreign policy should be a
wake-up call to Congress.

Sadly, few in D.C. seem to be paying attention.

The government's fiscal situation will soon worsen, as both the
Social Security and Medicare trust funds will likely be bankrupt
within the next decade, forcing Congress to find an additional
$116 trillion to fully fund them.

The looming economic crisis is a symptom of our moral and
philosophic crisis. Too many Americans have bought into the lie
that government can and should provide them with economic and
physical safety while promoting "global democracy" abroad.
Therefore, the most important step in the liberty movement now is
convincing more people to apply the same moral code to theft and
murder committed by government as they apply to those same crimes
by private citizens. The government, at the very least, should be
held to the same moral codes as the people it governs.

Ensuring that government follows the same nonaggression principle
as law-abiding citizens is the key to a society of freedom,
peace, and prosperity.
[link removed]


If you'd prefer to donate via PayPal, please click here.
[link removed]

Join Ron Paul's Patriot Club with a monthly contribution! Your
support sustains our work and members are automatically entered
to receive special giveaways autographed by Ron Paul.
[link removed]

The mission of Campaign for Liberty is to promote and defend the
great American principles of individual liberty, constitutional
government, sound money, free markets, and a constitutional
foreign policy, by means of education, issue advocacy, and
grassroots mobilization.

© Campaign for Liberty, 2012. Paid for by Campaign for Liberty
and not authorized by any candidate or candidate's committee.

Because of Campaign For Liberty's tax-exempt status under IRC
Sec. 501(C)(4) and its state and federal legislative activities,
contributions are not tax deductible as charitable contributions
(IRC § 170) or as business deductions (IRC §
162(e)(1)).

www.CampaignForLiberty.org


This message was intended for: [email protected]
You were added to the system June 27, 2019 [More information].
Update your preferences | Unsubscribe

----Powered by Paramount Communication----
[link removed]