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Prescription for Prosperity: A Comprehensive Economic Revitalization Plan
(Mar 8, 2008)
DC – Listen up girl friends. If you thought Big Brother in George Orwell’s
novel 1984 or The Omnipotent State in
Aldus Huxley’s Brave New World or Our
Dear Leader in ‘V’ for Vendetta just
popped up one day out of nowhere and stripped the people of all their rights
and freedoms, you’re sadly mistaken. These dictatorial welfare states took
years of political corruption and brainwashing of the people to implement.
all had one thing in common: they were all founded upon the despotic
philosophy of altruistic state collectivism.
Historically, in the 20th century, altruistic state collectivism
manifested itself as fascism in Italy, National Socialism in Germany,
Communism in the Soviet Union and China, and The New Deal in America. Same
game, different names.
America’s Democratic Party advocates altruistic state collectivism under the
name Progressivism but technically it is a mixture of Old European
fascism-socialism with a Hillary Happy Face or Obama Smiley Wile E. Coyote
grin. Not to be outdone, America’s Republicans advocate altruistic state
collectivism under the name Neo-, Theo-, or Compassionate Conservatism.
three of today’s remaining major 2008 presidential candidates, Senators
Clinton and Obama for the Democrats, and John McCain for the Republicans
advocate the same fundamental philosophy of altruistic state collectivism.
All three rely heavily upon a Keynesian, socialist central banking system,
the Federal Reserve, to (1) dump the gold standard and (2) print up
unlimited amounts – trillions and trillions – of non-backed paper dollars to
finance their ideas of a giant Welfare State: welfare redistribution for
the Democrats and foreign military expansionism for the Republicans.
The fundamental premises
underlying all three of today’s major presidential candidates are no
different than the altruistic state collectivism implemented by Mussolini in
fascist Italy, Stalin in communist Russia, Mao in communist China, Adolf
Hitler in National Socialist Germany, and FDR in America’s New Deal. The
only difference is that today’s economic fascism and National Socialism is
being presented as what comedian George Carlin called,
“Smiley Face Fascism,” in Joel
Goldberg’s new book: Liberal Fascism.
Goldberg and Carlin are
Notice that we are NOT
referring to the results of
Mussolini, Stalin, or Hitler’s state collectivist policies but rather the
initial premises that brought about the
inevitable results: the food rations, the loss of individual freedoms, the
forced labor camps, the mass deportations, the gas chambers, the ethnic
genocide. In the case of FDR’s American fascism, we are NOT referring to
FDR’s socialist WPA work programs or his criminalizing of the gold standard,
forcing everybody to turn in their Double Eagles.
We are discussing the fundamental premises that led
to those results.
None of the above fascist
or socialist or communist politicians – hence the term: state collectivists
-- ran on a political platform of gas chambers or forced labor camps or
global Recessions. They all ran on state collectivist platforms of (1)
national health care, (2) public education, (3) anti capitalism, (4) high
taxation, (5) redistribution of everybody’s wealth, (6) no gold standard,
(7) a government central bank issuing tons of non-backed paper money, (8)
huge deficit financing, and (9) promising a chicken in every pot for all of
crowds in pre-World War II Italy, Germany, Russia, China, and FDR’s homey
little Fireside Radio Chats cheered, just like today in America at the
rallies for Clinton, Obama, and McCain.
In short, the road to Hell
– and Economic Serfdom -- is always paved with good intentions by fascist,
socialist, and communist politicians, stomping on everybody’s inherent
individual rights with their fiery bullshit rhetoric to whip up the masses
because…well, because it works. The Sheeple are easily fooled with economic
sophisms and promises of security and riches by either unscrupulous or
Is there any prescription
for America’s current philosophical madness with state collectivism? The
answer is an unequivocal YES.
Only one presidential
candidate, Rep. Ron Paul (R-TX), has put forth a free market, limited
government, sound money Plan to put America back on the path to economic
prosperity and social freedoms. Ron Paul’s
Prescription for Prosperity: A Comprehensive Economic Revitalization Plan
is a simple four-step plan listed below.
"As I [Ron Paul] said this
past November to Federal Reserve Chairman Ben Bernanke, “We’re indeed
between a rock and a hard place and we don’t talk about how we got here; we
talk about how we are going to patch it up.” The “solutions” proposed so
far -- stimulus packages, bailouts, and interest rate cuts -- just amount to
printing more money, which will lead to greater currency devaluation,
contribute to the rising costs of living, and further squeeze the middle
class and our senior citizens."
Introduction to the Four-Point Plan
America became the
greatest, most prosperous nation in human history through low taxes,
constitutionally limited government, personal freedom and a belief in sound
money. We need to return to these principles so our economy can thrive
again. When enacted, my plan will provide both short-term stimulus and lay
the groundwork for long-term prosperity.
Other candidates talk a
lot about stimulus packages, but my record stands alone. I have fought for
these measures for years as a member of Congress and will make them a top
priority as president.
Ron Paul, a 10-term
Republican Congressman from Texas's 14th District, is currently the ranking
member of the House Financial Services Committee's Subcommittee on Domestic
and International Monetary Policy, Trade, and Technology. He has been named
"Taxpayers' Best Friend" for 10 consecutive years by the National Taxpayers'
Union. Ron Paul is also the author of several books on monetary policy and
The Four-Point Plan
tax burden and eliminate taxes that punish investment and savings,
including job-killing corporate taxes.
wasteful spending. Reduce overseas commitments. Freeze all non-defense,
non-entitlement spending at current levels.
openness at the Federal Reserve and require the Fed to televise its
meetings. Return value to our money.
Sarbanes/Oxley regulations that push companies to seek capital outside of
US markets. Stop restricting community banks from fostering local economic
1. Tax Reform
Taxes on Dividends and Savings.
The basis of capitalism is
savings, and Americans who do so should be rewarded.
Attacking small businesses and breaking up family farms smothers growth
and kills jobs.
for Working Seniors.
grandfathers working to make ends meet should keep all the fruits of their
Taxes on Social Security Benefits.
That money belongs to
seniors, not the government. They paid into the system for a lifetime, and
they should be free to spend every penny as they see fit.
Depreciation on Investment.
We need to help companies
grow and create jobs.
Taxes on Capital Gains.
Investment should be
embraced and rewarded.
Res 23 (The “Liberty Amendment”), proposing an amendment to the
Constitution of the United States relative to abolishing personal
income, estate, and gift taxes and prohibiting the United States
Government from engaging in business in competition with its citizens.
Taxes on Tips.The
single parents and working students who earn their income chiefly through
tips deserve to keep all of their money. This tax on "estimated income" is
unfair and should be ended.
Mortgage Cancellation Relief Act.
Working families who lost their homes should not be punished a second time
with a big IRS bill.
2. Spending Reform
Overseas Military Commitments.
Our bases and troops should be on our soil.
Non-Defense, Non-Entitlement Spending at Current Levels
3. Monetary Policy
4. Regulatory Reform
It has seriously wounded our capital markets and helped make the UK a
financial center at our expense.
Remove Costly and Unnecessary Federal Regulations.
Neighbors know best how to help their neighbors.
to make it easier for community banks, credit unions, and other
financial institutions to better serve their communities and to help
people in these communities get access to credit and capital.
1869 to enhance the ability of community banks to foster economic growth
and serve their communities, boost small businesses, increase individual
savings, and for other purposes.
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