Patriot,
Last weekend, Congress quickly passed another short-term budget
deal to kick the can down the road another 45 days.
Under the deal, there were no spending cuts - the deal continues
to fund all of Biden's unconstitutional programs -- and included
billions of dollars for FEMA ("disaster relief").
Notably however, Biden's $24 billion request for Ukraine - which
for weeks lawmakers threatened to impose as a condition on
disaster relief - was not included in the final bill.
This is a significant development. Although a Ukraine funding
bill is still likely, a stand-alone vote would put every member
of Congress on record over this issue.
As I point out in my newest column - read it below - the
successful effort to strip Ukraine funding from the CR is the
first of many victories by the antiwar fiscal conservatives over
the military-industrial complex and its politicians, lobbyists,
and propagandists.
It's clear the public mood is souring on the prospect of a no-win
war with Russia, and the sooner we stop throwing good money after
bad, the better.
Read the column below, and if you support Campaign for Liberty's
continued efforts to rein in the military-industrial complex,
please support Campaign for Liberty with a contribution to help
us continue our work.
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For Liberty,
Ron Paul
A Small Continuing Resolution Victory Could Have Big Consequences
Federal spending is so out of control that it only took three
months for the federal debt to increase by one trillion dollars
to over 33 trillion dollars. In contrast, it took almost 200
years for the federal debt to reach one trillion dollars.
So the federal government racked up more debt in the last three
months than it did from the ratification of the U.S. Constitution
until Ronald Reagan's first term! There will be even more
shocking increases in the future since, according to some
experts, federal debt is increasing by approximately 14 billion
dollars a day.
Those tempted to blame the increase on President Biden, the
Democratic Congress, or the covid-related spending spree, should
consider the debt increased by around a trillion dollars a year
in 2017 and 2018 - years when Republicans controlled the White
House and both houses of Congress.
One more statistic to keep in mind is that the government's debt
already exceeds America's gross domestic product. In other words,
the U.S. national debt, according to the government's own
figures, is already worth more than the value of everything
produced by American businesses.
Americans should keep these facts in mind when the media attacks
as "irresponsible" the small group of Republicans who refuse to
vote for a continuing resolution or CR, and thus risk a
government shutdown, unless the CR is accompanied by spending
cuts and reforms that would take federal spending off autopilot.
Unfortunately, the welfare-warfare spending coalition has once
again triumphed over the small group of fiscal conservatives, as
a continuing resolution that did not even pretend to cut spending
passed in Congress over the weekend.
Fiscal conservatives and the growing wing of the GOP opposing
foreign intervention did achieve one significant victory: The CR
did not contain the Biden administration's requested additional
aid for Ukraine. The successful effort to strip Ukraine funding
from the continuing resolution may threaten President Biden's
effort to obtain billions more in funding for Ukraine.
Since the start of the conflict, the U.S. government has wasted
more than 100 billion dollars in aid to Ukraine, which is close
to Russia's entire 2023 military budget! Not only does the
Ukraine-Russia conflict have no impact on America's national
security, it could also have been avoided had the U.S. not helped
orchestrate a 2014 coup in Ukraine. The Ukraine conflict is thus
another example of Ludwig von Mises's observation that the
unintended (or intended) consequences of government intervention
are used to justify further government action.
Unless the U.S. reverses course and begins to cut spending, the
Federal Reserve will be forced to end its limited efforts to
fight price inflation. Instead, the Fed will bow to political
pressure to keep interest rates low in order to help government
manage its ever-increasing debt. This will lead to both a
rejection of the dollar's world reserve currency status and a
major economic crisis.
The best place to cut spending is the so-called "defense" budget
that makes Americans less free and less safe. Hopefully the
successful effort to strip Ukraine funding from the CR is the
first of many victories by the antiwar fiscal conservatives over
the military-industrial complex and its politicians, lobbyists,
and propagandists.
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