Dear Fellow Patriot,

You may have heard the cries of anguish from
Democrats and cheers of jubilation from Republicans over the
dramatic "cuts" in domestic programs contained in President
Trump's budget. . .

But like most of what emanates from the
Swamp, this is FAKE NEWS.

Campaign for Liberty Chairman Ron Paul lays
out the truth about the "cuts" -- most of which aren't even real
cuts, just reduction in the "projected rate of spending growth"
-- in his weekly column, which I have included below.

Dr. Paul also discusses how the Federal
Reserve is the great enabler of Big Government and how the
Fed-created debt-based economy is headed for a major collapse.
Unless grassroots liberty activists force Congress to change
course by cutting spending and reigning in the rogue central
bank. . .

Starting with passing Audit the Fed!

Please read Dr. Paul's column to learn the
real facts about the budget.

And share it with your family and friends and
ask them to get involved in Campaign for Liberty's efforts to
roll back Big Government and expose how the Federal Reserve
benefits the big spenders and crony capitalists at our expense.

In Liberty,

Norm Singleton
President



Trump's Budget: More
Warfare, Slightly Less Welfare
by Ron Paul, C4L Chairman

Listening to the howls from Democrats and the
applause from Republicans, one would think President Trump's
proposed fiscal year 2021 budget is a radical assault on the
welfare state. The truth is the budget contains some minor
spending cuts, most of which are not even real cuts. Instead they
are reductions in the "projected rate of growth." This is
equivalent of saying you are sticking to your diet because you
ate five chocolate chip cookies when you wanted to eat ten.

President Trump's plan reduces the Education
Department's budget by nearly eight percent, leaving the
department with "only" 66.6 billion dollars. Cuts to other
departments are similarly small, while reductions in entitlement
spending consist mostly of reforms that will not affect most of
those dependent on these programs.

President Trump deserves credit for proposing
an 11.6 billion dollars cut in funding for the Department of
State and the US Agency for International Development (USAID).
Foreign aid does little to help impoverished people overseas.
Instead, it benefits foreign government officials willing to do
the US government's bidding. The State Department and USAID are
extensively involved in US intervention abroad, including efforts
to overthrow governments.

President Trump's budget proposes a number of
increases in spending. For example, his budget spends around 900
million additional dollars on vocational education. It also
includes additional spending on items including infrastructure
and childcare.

Few in DC have expressed concern over the
fact that President Trump's 4.8 trillion dollars budget proposal
is the largest budget in American history. There is also little
outcry from supposedly antiwar progressive Democrats over Trump's
proposal to spend hundreds of billions of dollars on militarism.
This is not surprising, as many progressives are happy to support
increased warfare spending as long as conservatives go along with
increased welfare spending. Similarly, many conservatives are
happy to support increased welfare spending as long as it means
that progressives will vote for increased warfare spending. So,
Congress is unlikely to approve any of President Trump's spending
cuts, but Congress will gleefully agree to all of his spending
increases.

Even if Congress agrees to all of President
Trump's cuts, federal deficits will still be over one trillion
dollars for the next several years. However, President Trump
claims the budget will balance in 15 years. In order to show a
balanced budget by 2035, the administration assumes three percent
economic growth for most of the next decade. This level of growth
is unlikely to come to pass. Instead, the current boom will
likely end soon, and the economy will experience another major
recession. Signs that we are on the verge of a downturn include
rising homelessness and the Federal Reserve's bailout of the
repurchasing market.

The current economic boom is built on debt,
and the debt-based economy is facilitated by the Federal
Reserve's easy money policies. The massive amount of debt held by
consumers, businesses, and especially government is the main
reason the Fed feels compelled to maintain historically low
interest rates. If rates were to increase to market levels,
government interest payments would be unstable. This would cause
the government debt bubble to burst, leading to a major crisis.
However, continuing on the current path of low interest rates
will inevitably lead to a dollar crisis and a collapse of the
welfare-warfare Keynesian system.

Continuing to waste billions on wars abroad
and failed programs at home while pretending that we can avoid a
crisis via phony cuts and Fed-fueled growth will only make the
inevitable collapse more painful. The only way to avoid economic
disaster is to cut spending and audit, then end, the Federal
Reserve.


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(IRC § 170) or as business deductions (IRC §
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www.CampaignForLiberty.org





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