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Title: RON PAUL “PLAN TO RESTORE AMERICA”
Source: ronpaul2012.com
URL Source: http://www.ronpaul2012.com/the-issu ... -paul-plan-to-restore-america/
Published: Nov 27, 2011
Author: Ron Paul
Post Date: 2011-11-27 09:51:27 by We The People
Keywords: None
Views: 9400
Comments: 33

SYNOPSIS:

America is the greatest nation in human history. Our respect for individual liberty, free markets, and limited constitutional government produced the strongest, most prosperous country in the world. But, we have drifted far from our founding principles, and America is in crisis. Ron Paul’s “Restore America” plan slams on the brakes and puts America on a return to constitutional government. It is bold but achievable. Through the bully pulpit of the presidency, the power of the Veto, and, most importantly, the united voice of freedom-loving Americans, we can implement fundamental reforms.

DELIVERS A TRUE BALANCED BUDGET IN YEAR THREE OF DR. PAUL’S PRESIDENCY:

Ron Paul is the ONLY candidate who doesn’t just talk about balancing the budget, but who has a full plan to get it done.

SPENDING:

Cuts $1 trillion in spending during the first year of Ron Paul’s presidency, eliminating five cabinet departments (Energy, HUD, Commerce, Interior, and Education), abolishing the Transportation Security Administration and returning responsibility for security to private property owners, abolishing corporate subsidies, stopping foreign aid, ending foreign wars, and returning most other spending to 2006 levels.

ENTITLEMENTS:

Honors our promise to our seniors and veterans, while allowing young workers to opt out. Block grants Medicaid and other welfare programs to allow States the flexibility and ingenuity they need to solve their own unique problems without harming those currently relying on the programs.

CUTTING GOVERNMENT WASTE:

Makes a 10% reduction in the federal workforce, slashes Congressional pay and perks, and curbs excessive federal travel. To stand with the American People, President Paul will take a salary of $39,336, approximately equal to the median personal income of the American worker.

TAXES:

Lowers the corporate tax rate to 15%, making America competitive in the global market. Allows American companies to repatriate capital without additional taxation, spurring trillions in new investment. Extends all Bush tax cuts. Abolishes the Death Tax. Ends taxes on personal savings, allowing families to build a nest egg.

REGULATION:

Repeals ObamaCare, Dodd-Frank, and Sarbanes-Oxley. Mandates REINS-style requirements for thorough congressional review and authorization before implementing any new regulations issued by bureaucrats. President Paul will also cancel all onerous regulations previously issued by Executive Order.

MONETARY POLICY:

Conducts a full audit of the Federal Reserve and implements competing currency legislation to strengthen the dollar and stabilize inflation.

CONCLUSION:

Dr. Paul is the only candidate with a plan to cut spending and truly balance the budget. This is the only plan that will deliver what America needs in these difficult times: Major regulatory relief, large spending cuts, sound monetary policy, and a balanced budget.

Charts, graphs and data at link above.

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Begin Trace Mode for Comment # 25.

#3. To: We The People (#0)

Repeals ObamaCare, Dodd-Frank, and Sarbanes-Oxley.

Is Ron Paul going to repeal FDIC insurance as well?

Who will trust an unregulated banking system?

Thunderbird  posted on  2011-11-27   10:12:30 ET  Reply   Untrace   Trace   Private Reply  


#5. To: Thunderbird (#3)

Is Ron Paul going to repeal FDIC insurance as well?

I don't know. But he did state, in 2005, "Finally, I would remind my colleagues that the federal deposit insurance program lacks constitutional authority. Congress' only mandate in the area of money and banking is to maintain the value of the money. Unfortunately, Congress abdicated its responsibility over monetary policy with the passage of the Federal Reserve Act of 1913, which allows the federal government to erode the value of the currency at the will of the central bank. Congress' embrace of fiat money is directly responsible for the instability in the banking system that created the justification for deposit insurance."

www.lewrockwell.com/paul/paul289.html

So I would hope so.

Who will trust an unregulated banking system?

Do you trust our current regulated banking system? I don't trust our banking system period. That's why I only use banks as a 'flow through' tool.

We The People  posted on  2011-11-27   10:40:20 ET  Reply   Untrace   Trace   Private Reply  


#9. To: We The People (#5)

Do you trust our current regulated banking system?

Tens of millions of tax paying Americans do with FDIC insurance being a key component of that trust.

I also note that the Ron Paul campaign itself is careful not to put more than the maximum insurable amount in their own bank accounts.

Ending FDIC without providing a viable alternative for the average saver not a good idea, neither is ending bank regulation while leaving FDIC in place.

Thunderbird  posted on  2011-11-27   10:54:15 ET  Reply   Untrace   Trace   Private Reply  


#15. To: Thunderbird (#9)

Ending FDIC without providing a viable alternative for the average saver not a good idea, neither is ending bank regulation while leaving FDIC in place.

How about the responsibility of protecting the average saver, lie on the shoulders of the saver? I save the bulk of my family income each month, and I have for years, and I do not rely on any government program to guarantee or protect my savings.

Why would I, or any American citizen for that matter, expect government to guarantee or protect their savings? It's my, or their responsibility, and I wouldn't trust government to do it in the first place.

I understand there are many who expect government to protect them from cradle to grave, but that is a mentality that we need to erase.

Do you have any ideas on a viable alternative that doesn't include government guarantees?

We The People  posted on  2011-11-27   11:04:36 ET  Reply   Untrace   Trace   Private Reply  


#21. To: We The People (#15) (Edited)

Do you have any ideas on a viable alternative that doesn't include government guarantees?

My simple alternative to today's TBTF banking system is to repeal the 1999 Financial Serices Modernization Act in its entirety and restore the Glass- Steagall firewall between commercial and invesmtent banking.

FDIC stays in place for commerical banks only and on accounts up to $100,000.

IOW, I'd put back in place the rules that kept our financial system stable for almost 70 years.

To his credit Ron Paul voted against FSMA in the Congress.

Thunderbird  posted on  2011-11-27   12:41:45 ET  Reply   Untrace   Trace   Private Reply  


#22. To: Thunderbird (#21) (Edited)

IOW, I'd put back in place the rules that kept our financial system stable for almost 70 years.

The problem is that the world has changed dramatically over the last 70 years.

The changes that Clinton made to the financial system were obviously not the right ones. They were designed by Bob Rubin (Clinton's Secretary of the Treasury, who was ex-Goldman Sachs) to benefit their buddies on Wall Street.

But to say that a global, fast changing, technological environment can benefit by 70 year old rules, written before the credit cards, debit cards, ATMs, electronic funds transfer, etc. even existed is just nonsense.

The problem is that "de-regulation" was not "de-regulation". It was simply new regulations, that benefited large, existing financial services firms like Goldman Sachs.

A better idea is to completely deregulate the entire system. No bail outs. No concept of too big to fail. No regulations that protect existing companies by keeping new competitors out of the market.

Insist on one thing -- complete transparency.

Focus 100% on prosecuting fraud.

That will fix the problems long term.

jwpegler  posted on  2011-11-27   12:55:05 ET  Reply   Untrace   Trace   Private Reply  


#24. To: jwpegler (#22)

A better idea is to completely deregulate the entire system. No bail outs. No concept of too big to fail. No regulations that protect existing companies by keeping new competitors out of the market.

Yes!

We The People  posted on  2011-11-27   13:14:12 ET  Reply   Untrace   Trace   Private Reply  


#25. To: All (#24)

mises.org/journals/qjae/pdf/qjae1_1_1.pdf

We The People  posted on  2011-11-27   13:15:30 ET  Reply   Untrace   Trace   Private Reply  


Replies to Comment # 25.

        There are no replies to Comment # 25.


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