Ron Paul

[ProSense]

Ron Paul vs Ed Schultz: Let's end the Department of Education and the Department of Agriculture (video)

Ron Paul on Social Security:

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My hope is that at least some members of the new Congress will cut through the distortions and see Social Security as it really is. The best way to fix the impending Social Security crisis is also the simplest: allow younger individuals to opt out of the program and use their tax savings to invest privately as they see fit. This is the true private solution. Your money has never been safe in the government’s hands, and it never will be.

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Ron Paul is a co-sponsor of the No Taxpayer Funding for Abortion Act (H.R. 3 on abortion = More than Hyde Amendment on steroids)

Alan Grayson is a Democrat who supports the health care law. Ron Paul voted to repeal it.

The only reason Ron Paul supported an audit of the Fed (with Alan Grayson) is because he hates government.

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PAUL: That’s a really important issue. That’s what always happens. That’s more or less what they said in the Thirties. We had inflation in the Twenties, then the collapse of the financial bubble, and then the depression. But they said, “If only we had had a lot more regulation . . . ” So they added regulations and prolonged our depression. I think it was when Long-Term Capital failed, Sarbanes-Oxley came in and said we needed more regulations. We already had the Securities Exchange Commission and everything else, but they wanted more. And many companies went along with it.

I see the opposite. I see the arbitrary regulations of government as a major cause of our problems. Many people ask me, “If you’re not for regulations, how do you control things?” Well, in the marketplace, there are a lot of market regulations — and you don’t have the moral hazard of a government guarantee. If you mess up, you go bankrupt. In free-market banking, for instance, the directors who set up the bank would be personally liable if it went bankrupt. Can you imagine how much more cautious they would be? They wouldn’t be making all these wild loans and responding to the regulators saying you must make certain bad loans to people who don’t qualify.

So regulations are very negative when they come from government. What we need are more private-property regulations, more market regulations. So far, we’re doing exactly the wrong thing. We had the recession come because of too much spending, too much debt, too much taxing, and too much regulation. And so we’re trying to solve the problem by spending like crazy, regulating like crazy, printing money like crazy, and taxing. And then they wonder why things are getting worse.

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The Democratic caucus works with Republicans (Ron Paul is a member of their caucus) all the time. For example, Scott Brown and Ron Wyden introduced legislation similar to the one the Vermont delegation is introducing.

Bernie Sanders supported an audit of the Fed, and that ended up the Wall Street reform package:

Fed's massive data release offers new insight into financial crisis

Ron Paul sucks.