He has been called a libertarian, tyrant, constitutionalist, insane and the United States' only hope. Can you guess who I am talking about? Well, if you guessed Ron Paul, then your right. He is probably one of the most misunderstood Republican candidates, but why?
People often fear what they don’t understand, and many people aren’t aware of what sides of an issue Ron Paul stands for. Most television news programs write him off as a crazy isolationist who wants to end the Federal Reserve and wants to allow Iran to have a nuclear weapon. I am going to set the record straight on these issues and tell you why he may not be so crazy after all.
Let’s start with ending the Federal Reserve. I believe it has become apparent to most Americans that something must be done about our growing debt problem as the clock ticks well above the $15 trillion mark. Many Americans and hopefully politicians as well are asking themselves how did it get so high? Was it the two wars, irresponsible spending by Congress or the Obama bailout that put us in the hole? Sure, all are major reasons why our National Debt is currently at an all time high, but what if the root of the problem can be traced back even further.
On Christmas Eve 1913, Congress established the Federal Reserve as America’s central bank by passing the Federal Reserve Act. This allows the government to pull endless amounts of money out of their pockets, manipulate interest rates and hinder our free market system. With its ability to lend out any amount of money and avoid proper audits, maybe it is time for a change.
Even four-star U.S Navy Admiral Mike Mullen, chairman of the Joint Chiefs of Staff, said that the single biggest threat to national security is our nation’s debt crisis.
As many of you know I am a big fan of the saying, “If it doesn’t work change it.” So what is so extreme about wanting to end a system that clearly isn’t working? With Congress struggling to raise the debt ceiling every few months and Standard & Poor’s downgrading our long-term debt rating to AA+, something must be done. So why not take a step in the other direction? The world has changed drastically since 1913 and maybe our policies should, too. Economic security results in lasting prosperity.
My next blog post will discuss Ron Paul and his so called position on “Isolationism.” Let me know how you feel about the Federal Reserve and our nation’s debt crisis by posting your thoughts in the comments below.