All Episodes
Previous Next
Aug. 7, 2019 - Ron Paul Liberty Report
04:01
Weekly Update --- Congress Spending Surge is National Suicide

Big spending for the war machine. Where will it end?

|

Time Text
Congress's Suicide Budget 00:03:58
Hello everybody and thank you for tuning in to the weekly report.
Congress spending surge is national suicide.
With a national debt approaching $23 trillion and a trillion dollar deficit for this year alone, Congress last week decided to double down on suicidal spending, passing a two-year budget that has the United States careening toward catastrophe.
While we cannot say precisely when the economic crash will occur, we do know that it's coming.
And last week, Congress pounded down on the accelerator.
We're told that the U.S. economy has experienced unprecedented growth, while at the same time, the Fed is behaving as it does when we are in recession by cutting rates and dodging insults from the president because it's not cutting fast enough.
This is not economic policy, it's schizophrenia.
But that's only the beginning.
Take what they call national defense spending.
This is a misnomer they use to try and convince us that pumping trillions of dollars into the military-industrial complex will make us safe and free.
Nothing could be further from the truth.
Probably 90% of the defense budget is aggressive militarism and welfare for the rich.
Under this budget deal, the military budget would increase to nearly $1.4 trillion for two years.
Of course, that's only a fraction of real military spending, which is, all told, well over $1 trillion per year.
What do we get for this money?
Are we safer?
Not at all.
We are more vulnerable than ever.
We spend billions of dollars fighting terrorism in Africa, while terrorism has actually increased since the creation of the U.S. Africa Command.
Meanwhile, we continue to spend to maintain our illegal military occupation of a large section of Syria, which benefits terrorist groups seeking to overthrow Assad.
We're sending thousands more troops to the Middle East, including basing U.S. troops in Saudi Arabia, for the first time since 2003.
Back then, even neocon Paul Wolfowitz praised our departure from Saudi Arabia because, as he rightly stated, U.S. troops on Saudi soil was a great recruiting tool for al-Qaeda.
Now, we've pulled out of the intermediate range nuclear forces treaty so that we can deploy once forbidden missiles on China's front door.
A new arms race with China will mean a new boon for our new Defense Secretary's former colleagues at Raytheon.
Senator Rand Paul pronounced the Tea Party dead with the adoption of this budget.
He's right, of course, but only when it comes to Congress.
Given the opportunity, I still believe a good part of the American people will vote for candidates who promise to rein in the national credit card.
President Trump himself ran on a platform of ending deficit spending and even paying off the national debt.
So the Tea Party may be dead in Washington, but I am not convinced it was ever really alive in Washington.
With a few exceptions, most politicians saw the Tea Party as just the flavor of the month.
Spending is what keeps Washington alive and keeps the DC suburbs rich.
They're not about to cut back on their own.
But the spending will end.
The trillions of dollars thrown down the drain on militarism will end.
The only question is whether it will end when we are completely bankrupt and at the mercy of countries we've kicked around for decades, or whether Americans will demand an end to bipartisan addiction to war and spending in Washington.
Export Selection