It’s always been obvious that Ron Paul wants to gut government, but now he’s made it official. Let’s see:
Cuts $1 trillion in spending during the first year of Ron Paul’s presidency, eliminating five cabinet departments (Energy, HUD, Commerce, Interior, and Education), abolishing the Transportation Security Administration and returning responsibility for security to private property owners, abolishing corporate subsidies, stopping foreign aid, ending foreign wars, and returning most other spending to 2006 levels.
So, he wants the US to be isolationist, trust private companies with our security, gut all aid to the poor, and get rid of many/most regulations. How about entitlements:
Honors our promise to our seniors and veterans, while allowing young workers to opt out. Block grants Medicaid and other welfare programs to allow States the flexibility and ingenuity they need to solve their own unique problems without harming those currently relying on the programs.
So here he waits a bit and will then gut Social Security and Medicare, while cutting Medicaid immediately.
I love this:
Conducts a full audit of the Federal Reserve and implements competing currency legislation to strengthen the dollar and stabilize inflation.
Strengthening the dollar will hurt the US economy (making exports more expensive and imports cheaper) and will try to ‘stabilize’ non-existent inflation. He wants to get rid of the Fed, but I guess doesn’t want to say this explicitly.
Some details of his cuts for his budget in 2016 (his budget against CBOs forecast if things keep going as they are). Here are some of his cuts to the poor:
- Medicaid: $181 against 404 billion –cut by more than 50%
- Schip: 5 against 10 billion –50% cut
- Food stamps: 30 against $72 billion–more than 60% cut
- Child nutrition: 14 against $23 billion–about 40% cut
- HUD: 0 against $49 billion
- Supplemental nutrition for women, children, etc.–eliminated
He also would cut the EPA by about 50% and wants to get rid of recent financial regulation (it’s not like the financial industry crashed the world economy, is it?), as well as many other regulations.
The reason these massive cuts don’t balance the budget quicker is he also wants to cut taxes:
Lowers the corporate tax rate to 15%, making America competitive in the global market. Allows American companies to repatriate capital without additional taxation, spurring trillions in new investment. Extends all Bush tax cuts. Abolishes the Death Tax. Ends taxes on personal savings, allowing families to build a nest egg.
Almost all of those new cuts go to the rich–so he really is cutting aid to the poor to help the rich. Any person who even thinks of voting for Paul is no liberal. In essence, he wants the US to be like it was in 1900.