You asked. Ron Paul answered! We hope you enjoy the latest edition of Ask Ron Paul!
First Afghanistan imploded and now it appears Iraq and Libya are about to follow suit. Syria simmers. The fruits of US interventionism are everywhere the same: chaos and death, not the promised "triumph of peace and democracy." Also today: Facebook exec admits FBI pushed the company to censor "the laptop from hell."
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By Ron Paul
Last week, President Biden announced he is creating a new program forgiving 10,000 dollars of student loan debt for those with income under 125,000 dollars a year. The amount rises to 20,000 dollars for borrowers who are Pell Grant recipients. Biden flip-flopped on the issue as he previously denied that the president has the authority to create a new student loan debt forgiveness program. He now claims a 2003 law allowing the Education Department to waive or modify provisions of federal student financial assistance programs to help students affected by war, other military operations, or a national emergency gives him the authority. Biden says debt forgiveness is necessary because of a continuing covid national emergency.
It seems odd that Biden would claim covid is a national emergency when even the Centers for Disease Control (CDC) has stopped recommending lockdowns, masks, and “social distancing.” A broad student loan forgiveness program also does not seem to fit the purpose of this statute, which was to provide student loan forgiveness for military personal, first responders, and others engaged in fighting the “war on terror.” Another basis offered for the president having the power to cancel the loans is a provision in the 1965 Higher Education Act that gives the Education Department limited authority to modify or forgive student loan debt. Given the Supreme Court’s recent decision narrowing the scope of a federal agency’s ability to unilaterally enact major new policies based on limited grants of authority, it is a definite possibility that the courts will overturn the student loan forgiveness program.
If the courts uphold the president’s action, then as many of 43 million Americans could have significant amounts, or even all, of their student debt forgiven. Of course, the debt does not go away; instead, the “forgiven” debt will simply be added to the national debt to be paid by the taxpayers either in the form of direct taxes or the hidden inflation tax. Thus, these loans will be paid off in part by taxpayers who did not go to college, paid their own way through school, or have already paid off their student loans. Since those with college degrees tend to earn more over time than those without them, this program redistributes wealth from lower to higher income Americans.
The student loan forgiveness will add between 300 and 500 billion dollars to the national debt. This is a greater increase in debt than the supposed “deficit reduction,” which consists of tax increase and expanding the IRS, contained in the phony Inflation Reduction Act.
President Biden also announced he is extending the student loans payment moratorium through the end of the year. “Temporary” federal benefits are rarely, if ever, truly temporary. When the time comes for the moratorium to expire, Congress will almost certainly extend it in response to pressure from constituents who benefit from the program, which includes colleges and universities in Congress members’ states and districts. The expectation that more student loan debt will be forgiven will also encourage more students to take out loans and will give colleges a new incentive to raise their tuition. This will raise the cost of the student loan and loan forgiveness programs.
Increasing debt caused by expanding student loans and loan forgiveness will increase pressure on the Federal Reserve to keep interest rates low, leading to continued price inflation and an eventual major economic crisis. A step in avoiding this and reversing course is convincing a critical mass of people to understand that the welfare-warfare state and the fiat money system that underlies it are impractical and immoral.
ESG: Friend or Enemy of Liberty?
Many people have come to realize that there's something very strange and unnatural about big corporations all walking lockstep to push the "latest thing." Real life just doesn't work that way. There must be some kind of leverage used to create this unnatural situation. The leverage used to push this very specific ideology is, of course, money. Fortunately, states like Texas, Florida, and West Virginia are fighting back against so-called "Woke" Capitalism.
In a blatantly unconstitutional move, President Biden yesterday announced that his Administration would be obligating upwards of half a trillion dollars - or more - to "forgive" student loans in households making $125K per year or less. Good thing the Inflation Reduction Act was passed or we might be in real trouble! Also today: Did you know the US was still occupying and bombing Syria?
Announced on Ukraine's independence day no doubt for symbolic reasons, the Biden Administration is sending the largest weapons package to date: $3 billion! The money will first go to the US military-industrial-complex to purchase the weapons, of course, and then the weapons will be sent to Ukraine. It's a win-win for the elites and a lose-lose for the rest of us. Also today: Fed thuggery against an Amish organic farmer - a taste of what is to come with 87,000 new IRS agents.
Anthony "The Science" Fauci has announced his retirement, effective just before the new Congress takes power. Meanwhile Senator Rand Paul (R-KY) promises under-oath questioning of Fauci's role in Covid. Will justice be done? Also today, Pentagon Inspector General's final report shows $7 billion in weapons left for Taliban. It's only money, right?
America...Why Are You So Unhappy?
According to a new NBC News survey, the vast majority of Americans are deeply dissatisfied with the direction of the country, holding the belief that America's best days are behind her. Why the massive negativity? Will politics solve it? Also today, neocons trash Biden's attempt to return to Iran deal.
Get your tickets to the RPI Sept. 2nd conference: https://www.eventbrite.com/e/anatomy-of-a-police-state-tickets-366089773367
By Ron Paul
There is a video clip making the rounds showing President Biden speaking at a recent NATO summit about the seven billion dollars the US government had - at that time - provided to Ukraine. Attached to that is another clip showing the horrific state of several US major cities, including in Pennsylvania, California, and Ohio. The video of American cities is shocking: endless landscapes of filth, trash, homelessness, open fires on the street, drug-addicted zombies. It doesn’t look like the America most of us remember.
Watching Biden bragging about sending billions of dollars to corrupt leaders overseas with American cities looking like bombed-out Iraq or Libya is US foreign policy in a nutshell. The Washington elites tell the rest of America that they must “promote democracy” in some far-off land. Anyone who objects is considered in league with the appointed enemy of the day. Once it was Saddam, then Assad and Gaddafi. Now it’s Putin. The game is the same, only the names are changed.
What is seldom asked, is what is in this deal for those Americans who suffer to pay for our interventionist foreign policy. Do they really think a working American in Ohio or Pennsylvania is better off or safer because we are supposedly protecting Ukraine’s borders? I think most Americans would wonder why they aren’t bothering to protect our own borders.
A reported 200,000 illegals crossed the border into the US in July alone. You can believe they are learning quickly about the free money provided by the US government to illegals. They’ll probably get a voting card as well.
Last Friday the Pentagon announced that yet another $775 million would be sent to Ukraine. As Antiwar.com reported, it was the eighteenth weapons package to Ukraine in six months. Has there ever been a more idiotic US intervention in history?
Supporters of this proxy war may celebrate more aid to Ukraine, but the reality is that it is in no way aid to Ukraine. That’s not how the system works. It is money created out of thin air by the Fed and appropriated by Congress to be spent propping up the politically-connected military-industrial complex. It is a big check written by middle America to rich people who run Raytheon and Lockheed Martin. Americans watch their budget being stretched to the limit while the Beltway fat-cats loosen their belts to continue enjoying the gravy train.
Bloomberg reported earlier this summer that inflation is costing the average American household more than $5,200 this year. Inflation is a tax on middle class and poor Americans. The wealthy – like those who run Raytheon and Lockheed Martin – always get the new money first, before prices go up. The rest of us watch as the dollar buys less and less.
As Washington salivates over fighting Russia in Ukraine, the rest of America feels like we’re becoming Zimbabwe. How long until it takes a trillion dollars for a loaf of bread? Will there be a run on wheelbarrows?
There is a way out. It’s called “non-interventionism.” The war in Ukraine was caused by the US regime change in 2014 and the neocon insistence that Ukraine join NATO. The State Department and CIA thought it was a great victory to overthrow the elected government, but meanwhile the rest of us get the bill. No NATO and not one more penny for Ukraine!