Ron Paul's Texas Straight Talk from the debt ceiling Theatre 7/18/11 Video Clips.
The debate RonPaul2012.com http http CampaignForLiberty.org brake provides ample opportunity for political theater in Washington. Proponents of raising the debt ceiling to throw around the usual misinformation and scare tactics to intimidate their opponents to accept more debt and taxes. It 'important to distinguish truth from propaganda. First, policymakers must understand that default is inevitable without a real change. It happens by default, in fact,every day through the tricks of monetary policy. Whenever the Federal Reserve intervenes in more quantitative easing and devalued the dollar, the American people is in default eroding the purchasing power and blows away their savings. The dollar has lost almost 50% of its value against gold since 2008. The Fed claims to fill the inflation at 2% or less in recent years, but economists, the data show an alternative inflation rate of 9%, if calculated more traditional. Alarmingly, theAdministration to modify the methodology for calculating CPI once again, to hide the damage to speak of government policy. Changing the CPI to prevent the government to control a senior COLA (cost of living adjustment) for their Social Security and raise taxes on hidden via "bracket creep". This is a default. Just because it is a standard on people and not banks and foreign owners of our debt does not mean it does not matter. But politiciansneed ...
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