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. 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. If you’d prefer to donate via PayPal, please click here. Join Ron Paul’s Patriot Club with a monthly
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Paul. If you would like to make a donation by mail, please send your check to Campaign for Liberty, PO Box 104, Lake Jackson TX 77566 or you can call 703-865-7162. The mission of Campaign for Liberty is to promote and defend the great
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