Ron Paul

 
Hope for America Be a part of it!

Debt and Taxes
 

Working Americans like lower taxes. So do I. Lower taxes benefit all of us, cre­ating jobs and allowing us to make more decisions for ourselves about our lives.

Whether a tax cut reduces a single mother’s payroll taxes by $40 a month or allows a business owner to save thousands in capital gains taxes and hire more employees, that tax cut is a good thing. Lower taxes allow more spending, saving, and invest­ing which helps the economy — that means all of us.

Real conservatives have always sup­ported low taxes and low spending. But today, too many politicians and lobbyists are spending America into ruin. We are nine trillion dollars in debt as a nation. Our mounting government debt endangers the financial future of our children and grandchildren. If we don’t cut spending now, higher taxes and economic disaster will be in their fu­ture — and yours.

In addition, the Federal Reserve, our central bank, fosters runaway debt by increasing the money supply — making each dollar in your pocket worth less. The Fed is a private bank run by unelected officials who are not required to be open or accountable to “we the people.”

Worse, our economy and our very in­dependence as a nation is increasingly in the hands of foreign governments such as China and Saudi Arabia, be­cause their central banks also finance our runaway spending.

We cannot continue to allow private banks, wasteful agencies, lobbyists, corporations on welfare, and govern­ments collecting foreign aid to dictate the size of our ballooning budget. We need a new method to prioritize our spending. It’s called the Constitution of the United States.