Ron Paul said, "Liquidate Their Debt"..? by Merwin

I may not have caught that right. It sounded like Ron Paul said the debt needed to be liquidated. If that is what he said... it is one of the most intelligent t

If Ron Paul is calling for the liquidation of the debts brought on by the housing bubble bursting, then how could anyone say they would not vote for this man..?

At 4 minutes and 15 seconds into these Ron Paul highlights...

http://www.thehollywoodgossip.com/2012/01/florida-presidential-debate-ron-paul-edition/
(may have to copy and paste)

Dr. Paul was asked essentially what should be done to help those struck the hardest by the fall of the housing market. At 5 minutes and 50 seconds (approx) he states that their debt should be liquidated. He prefaced his statement by declaring that...

"The government owes them (citizens) a free market and a sound monetary system, but they didn't give them that what they gave them a mess, they gave them a financial system that literally created this problem,"

And,

"...everybody now admits in Washington, that interest rates were kept too low for too long. But not only that, in addition to that, it was an insult to injury, because they kept interest rates especially low with Freddy Mac and Fannie Mae, and it was a line of credit there and it was a guarantee.
Matter of fact I had introduced legislation ten years before the bubble burst to end that line of credit, but then the Community Reinvestment Act forced banks to make loans that are risky loans.
So the whole bubble was easily seen, consequences were anticipated, it was all government manufactured."

He goes on to say that the bad debt needs to be liquidated, at about 5 min 50 secs into the video.

I don't think that Paul is saying the entire debt of say, John Q. Public's debt, I think he may be stating the difference between the value of the mortgage then, as opposed to the current appraisal values.

But let us consider for instance that he might have been saying, 'These debts should be totally wiped out and the folks that were duped into thinking they could afford the home, should be able to walk away from the home and the mortgage burden, with no negative results on their credit rating." How could this possibly harm our economy..? If anything, this would stimulate our economy more than any other measures taken, to date.

For those familiar with my "Conspiracy..?" series... number three is coming out, perhaps later today. And is directly related to the above "manufacturing" of the housing bubble, by The Machine in D.C. And, "Amendment 14 Section 4" of our Constitution.




Comments 15 comments

ib radmasters profile image

ib radmasters 4 years ago from Southern California

Unfortunately, from the words of politicians to the fruition of goals mentioned in them, there has not been a history of continuity.

People believed the words of Obama when he said if elected he would change Washington.

Strangely, he did that, but people forgot to ask him in which direction he would change Washington. They must have assumed that it would be a positive change, but history has shown it to be a negative one.

Remember it was the work of many Congresses and Many Presidents to bring us to the state of this country today. None of the political parties, nor their elected politicians stopped or helped to recover from the 2008 Economic Collapse in this country.

my opinion..


lovemychris profile image

lovemychris 4 years ago from Cape Cod, USA

Ron Paul voted for the Personhood Amendment...not even for birth control!

I'm not willing to sell my gender out for the monetary system, of which Paul is pro-corporate State.


TeaPartyCrasher profile image

TeaPartyCrasher 4 years ago from Camp Hill, PA

Love, at least you see that.


CoauthorU profile image

CoauthorU 4 years ago from Inland Northwest, USA Author

2 ib radmasters...

I beg to differ... Ron Paul has never voted against our Constitution. He has never voted to raise our taxes or to increase deficit spending. He has been true to his words which can be measured by his congressional voting records throughout his multiple terms of office.

He went back to his Medical Practice in Texas for quite a few years after having served as a congressman. And though he was entitled to his retirement pension during that time he refused it.

He has stated that if elected President that he would only take as a salary, the equivalent of an average annual wage of just under $40K, and it is my understanding that he has as a yearly congressional wage of that same amount.

Ron Paul is well worth a closer look.

2 LMC... I don't know what the Personhood Amendment was, but I will look it up. On the surface it sounds like a "Right to Life" type of thing. Vote however you like... that is the beauty of liberty, enjoy it while there still is time to do so.

2 TeaPartyCrasher...

Thanks for stopping by.

2 All... thank you for your comments.


ib radmasters profile image

ib radmasters 4 years ago from Southern California

coauthorU

My point is still valid

Remember it was the work of many Congresses and Many Presidents to bring us to the state of this country today. None of the political parties, nor their elected politicians stopped or helped to recover from the 2008 Economic Collapse in this country.

Thanks


michiganman567 profile image

michiganman567 4 years ago from Michigan

It is time to give up on Paul and jump on board for your favorite conservative contender. Or neoliberal if that is your leaning with Ron Paul. 3 states have voted so far and Paul has lost all three with a 4th state ready to fall to someone else. His vision does not resonate with main stream America. He has been campaigning for 4 years with tons of money and he still is not competitive.


cprice75 profile image

cprice75 4 years ago from USA

If the government would do this, it would be kind of like a jubilee year in the book of Leviticus, in which all debts were to be forgiven. The part about property returning to the original owners would not be done. I've wondered what would happen if all nations just forgave the debt of their citizens and other nations. Excessive debt was one of the major issues that brought on World War II because Hitler would probably not have come to power without the massive reparations heaped on Germany.

Of course, bankers would not permit this (and there are private individuals and corporations who bought the debt with an expectation of a certain rate of return). I am not sure how the markets and the flow of funds would work out. Would there be a massive worldwide depression? It's an interesting concept that even most Christians would not go for, even though it's in the Bible.


CoauthorU profile image

CoauthorU 4 years ago from Inland Northwest, USA Author

2 ib radmaster...

I remember all too well, I am not a young impetuous man, full of uncontrolled, weather vane passions. Neither am I suffering (yet) from significant memory loss due to my advanced age.

I remember... that for the greater part there is not "out there" in the political field that may be trusted to deliver. Ron Paul might be counted among the untrustworthy, but I don't think so. I consider him our last hope to turn this around.

2 michiganman...

Dr. Paul is steadily gaining, if you have another candidate with his proven record of consistent Constitutional voting I am very much interested.

Thank you both for your reads and comments.


tsadjatko profile image

tsadjatko 4 years ago from maybe (the guy or girl) next door

Ron Paul makes a big deal of us gong into other countries without declaring war and not getting permission from Pakistan to take Bin Laden down in their own country but I haven't heard him condemn the seal team for their recent rescue of hostages in Somalia - was that constitutional? I think any analysis of his many postions reveals all kinds of contradictions and inconsistencies although I do agree with some of his positions.

I still can't understand how anyone can put their faith in a guy to be an effective president when he made millions from a newsletter with racist and anti semetic articles published under his name and yet claims he didn't write those pieces nor does he know who did - very strange if you ask me.


CoauthorU profile image

CoauthorU 4 years ago from Inland Northwest, USA Author

2 cprice75...

Thank you for stopping by.

I do not think there would be negative results at all for forgiving the debts on either level that I mentioned. Rather I think it would serve as a stimulus. The lending institutions were that were bailed out caused significant inflation. Our government was giddy to do this, because it hid the fact that they had forced the housing bubble. And the only sector of society that was forced to bear the brunt of the debacle, was they that were upside down on their mortgages after the bubble burst, and the American tax payers.

While it is true that many banks closed their doors as a result, responsible banks such as US Bank was forced to take the TARP bailout that they did not need, which they paid back immediately.

The investors ought to be grateful we do not pursue them as co-conspirators with our government in fleecing America.

Thanks again for stopping by... btw I am now following you, and am looking forward to reading your Hubs, the titles were intriguing.


CoauthorU profile image

CoauthorU 4 years ago from Inland Northwest, USA Author

2 tsadjatko...

An act of rescue is much different than an act of war. If you are unable to discern the difference I am not sure we have much basis for a dialogue.

That being said... I must admit that I know nothing of what occurred in Somalia and am only queuing off of your description.

That too being said... the antisemitic remarks have been sufficiently debunked, although Paul himself states that they were authored not by himself but by someone under his watch and so he does hold himself somewhat accountable.

I suggest you familiarize yourself with the facts before you attack, you are not reading Tsun Tsu are you..? For shame.


tsadjatko profile image

tsadjatko 4 years ago from maybe (the guy or girl) next door

See - you have clearly demonstrated the problem with some finatical Ron Paul supporters - they are so blindly loyal they talk right past criticisms and inconsistencies, ignore the facts and attack the messenger of the facts ... it is you who owns the shame my friend. Unconstitutional invasion of a country's sovereignty is Ron Paul's argument - how is there a difference between rescue and an assasination when you invade a soverieign country without their permission to do it? I have no problem with what was done by the seals in either case - but Paul is against one and says nothing about the other! Strange? And how does one accept that Paul taking responsibility for what occurred in his letter absolves him from the criticism that despite making a million dollars from it he didn't care enough to know what was being printed in his own name? Or maybe he did know and is just lying when he says he didn't - do you know what really happened thirty years ago? Oh, excuse me, I forgot you know everything except you admit "...that I know nothing of what occurred in Somalia" yet you can't help but attack me when all I did was point out the truth. A rational person would have said, yes Paul appears inconsistant on the sovereignty position or yes, I agree it is hard to understand how Paul would publish and profit from a letter in his name and not pay enough attention to it to know his staff put articles in it that even he agrees are racist. But who ever said a Ron Paul finatic has to be rational?


CoauthorU profile image

CoauthorU 4 years ago from Inland Northwest, USA Author

2 tsadjatko...

Your comment lines I will deal with each one in turn...

ISSUE 1)

See - you have clearly demonstrated the problem with some finatical Ron Paul supporters - they are so blindly loyal they talk right past criticisms and inconsistencies, ignore the facts and attack the messenger of the facts.

My reply 1)

tsadjatko... You use the word fact as if you are familiar with its meaning, yet your comments contradicts its use (you do this with "rational" as well, which I will address directly with 5-a&b). Your comments were not factual, they were opinions. They will remain opinions until such time as you produce links that provide documentation of your assertions and or opinions. I have no problems with your criticisms, after all I "approved" your comment, to "ignore" your "opinion", I would have to delete it or not respond, and I believe this would qualify as a "fact".

ISSUE 2-a)

Unconstitutional invasion of a country's sovereignty is Ron Paul's argument - how is there a difference between rescue and an assasination when you invade a soverieign country without their permission to do it? I have no problem with what was done by the seals in either case

2b)

but Paul is against one and says nothing about the other! Strange?

My replies

2a) Fact... The reply that was offered in re: Somalia was my "opinion" in response to your assertions. To add to my previous "opinion" I ask... Did Ron Paul order what you are calling an invasion? Did he somehow "sign off" on that?

2b) Do you know that Ron Paul has said nothing about it? Can you provide a link... or is it simply your opinion?

ISSUES 3a)

And how does one accept that Paul taking responsibility for what occurred in his letter absolves him from the criticism that despite making a million dollars from it he didn't care enough to know what was being printed in his own name? Or maybe he did know and is just lying when he says he didn't

3b)

do you know what really happened thirty years ago?

My replies

3a) I will try to put this in perspective. Imagine you are running for office and thousands have volunteered while some are hired. The ones you hire directly are in charge of hiring others to organize the volunteers. Somewhere in those threads of contact someone comes out and states that you are in favor of invading all Latin speaking countries because you want them to speak only English from now on. YOU on the other hand state that is ridiculous that is not something you have ever stated and that will never be something you advocate... but, you feel you have certain responsibilities for what was said because someone on your staff made the remark. // Where is your link for the "fact" that he made a million dollars from the comment..?

3b) No I do not. It is fairly obvious that you are of the "opinion" that you do.

ISSUE 4)

I forgot you know everything except you admit "...that I know nothing of what occurred in Somalia" yet you can't help but attack me when all I did was point out the truth.

My reply

4) I see you are also of the "opinion" that I know everything in spite of my having been very forthcoming in admitting that I knew nothing of the Somalia incident, (btw I still know nothing of it I have not had the time to research it) which leads me to ask... is this another one of your "facts"..? You do not seem at all rational, which segues into 5a&b.

ISSUES

5a)

A rational person would have said, yes Paul appears inconsistant on the sovereignty position or yes, I agree it is hard to understand how Paul would publish and profit from a letter in his name and not pay enough attention to it to know his staff put articles in it that even he agrees are racist.

5b)

But who ever said a Ron Paul finatic has to be rational?

My replies

5a) Obviously... according to your remark, rationality is dependent on whether or not someone agrees with you. If that is the pr-requisite for being rational, then I am guilty as charged.

5b) See 5a

May I suggest... take it down a notch. I was not "attacking" you at first, nor am I now. You certainly have a right to your opinions as do I. When assertions are accompanied with links and the information can be verified as something other than opinions, then I may consider them to be "fact"ual.


tsadjatko profile image

tsadjatko 4 years ago from maybe (the guy or girl) next door

Well your rediculous analysis has taken a simple criticism and tried to turn it into a disertation - you once again have thoroughly demonstrated the irrationality long attributed to "moonie" like folowers of Ron Paul..thank you for making my point!!!


CoauthorU profile image

CoauthorU 4 years ago from Inland Northwest, USA Author

2 tsadjatko...

And thank you for making mine.

In the future I might "ignore" you by simply not answering your comments.

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