Posted: October 26, 2011 in US News

Attorney Jonathan Emord
October 26, 2011

The national media continues to give Congressman Ron Paul little credence, yet Paul commands the most loyal, intellectually refined, dedicated, and potentially influential following of any candidate. Paul alone has provided voters with a well-informed, unvarnished description of the economic crisis befalling America, and an equally detailed plan, “Restore America,” that includes the cuts in spending that must take place if we are to avoid an economic collapse.

At a time of economic crisis, of unsustainable debt, one would think that serious journalists would hound the candidates with questions concerning precisely how each plans to cut the trillions necessary to avoid the projected $23 trillion in debt coming within a decade. Oddly, that penultimate question is missing from the debates and largely missing from media coverage, although it is very much on the minds of tens of millions of Americans. President Obama and his chief economic advisers, including Treasury Secretary Timothy Geithner, National Economic Council Chairman Larry Summers, and Office of Management and Budget Director Peter Orszag, have presented no plan to cut the trillions required to achieve a balanced budget. As Ron Suskind so brilliantly reveals in his book Confidence Men, Obama has singularly failed the nation by failing to lead and by deferring to advisers who are effectively proxies for the very Wall Street interests largely responsible for our endless recession. While Obama’s advisers have given Wall Street close to a trillion dollars on the theory that certain firms are “too big to fail,” the President has repeatedly avoided making essential decisions because he is “too afraid to lead.”

That fear of leadership is alien to every fiber in Ron Paul. Leadership in a crisis requires the courage to take bold steps to save the nation. In his “Restore America” plan, a proposal similar to the one I offered in a prior article, Congressman Ron Paul cuts federal spending sufficient to balance the budget within three years. That three years he knows to be our last best hope for saving the republic. If we do not dramatically cut spending within the next three years, the United States will accelerate (even faster than its presently rapid pace) toward economic collapse, to debt so monstrous that interest upon it will consume all discretionary spending. Ron Paul understands this well, and he appreciates that we must cut the budget now not by tens of billions but by over a trillion just to survive.

Ron Paul would abolish the Transportation Safety Administration; the Department of Energy; the Department of Housing and Urban Development; the Department of Commerce; the Department of Interior; and the Department of Education. He would reduce the federal workforce by ten percent. He would repeal Obamacare, the Dodd-Frank Act, and the Sarbanes-Oxley Act. He would make Medicaid a block grant program and would permit young people to opt out of Social Security. He would cause the food stamps, child nutrition, and other income support programs to revert to the states. He would eliminate all foreign aid. He would end many wasteful federal programs.

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