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Ron Paul on the National Debt

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http://www.antiwar.com/paul/?articleid=4015

 

Congress has become like the drunk who promises to sober up tomorrow, if only he can keep drinking today. Does anyone really believe this will be the last time, that Congress will tighten its belt if we just grant it one last loan? What a joke! There is only one approach to dealing with an incorrigible spendthrift: cut him off.

 

The term "national debt" really is a misnomer. It is not the nation's debt. Instead, it is the federal government's debt. The American people did not spend the money, but they will have to pay it back.

Does anyone really believe this will be the last time, that Congress will tighten its belt if we just grant it one last loan?

I do!

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