The Fed is raising rates in search of an arbitrary "neutral rate" that they've collectively set their sights upon. Then we can all relax, right? Wrong! The damage of the Fed's manipulation of the economy has been done, and a financial crisis is unavoidable.
By Ron Paul
The Department of Health and Human Services (HHS) recently released proposed rules allowing individuals to opt out of Obamacare’s abortion and contraception mandates for moral or religious reasons. These new rules should be cheered by all who agree with Thomas Jefferson that forcing people to subsidize that which they find abhorrent is “sinful and tyrannical.”
Sadly, Congress continues to pass, and President Trump continues to sign, spending bills subsidizing abortion providers. When government gives taxpayer money to abortion providers, it forces anti-abortion taxpayers to fund something they believe is murder. This is every bit as “sinful and tyrannical” as forcing health plans to pay for abortion and contraception.
If Congress is going to continue giving taxpayer dollars to abortion providers, then it should at least find a way to protect those with moral or religious objections to abortion from subsidizing the practice with their tax dollars. Creating a special fund for the taxes of those who object to abortion and ensuring money in that fund is not used to subsidize abortion providers would help ensure that anti-abortion taxpayers are no longer directly subsidizing what they believe is the murder of unborn children. However, it would force pro-life taxpayers to indirectly subsidize abortion because money is fungible. So, if the government used money from the pro-life taxpayers to increase spending on programs that do not subsidize abortion, it would be able to use a greater percentage of the taxes collected from other taxpayers to fund abortionists.
A better way to protect anti-abortion taxpayers is to give them an expanded charitable tax credit. Pro-life taxpayers could use the credit to support crisis pregnancy centers and other charities that help pregnant women and new mothers. This approach would increase funding to private charities, while ensuring that, since the plan reduces government revenue, anti-abortion taxpayers are neither directly nor indirectly subsidizing abortions.
Opponents of abortion are not the only Americans who should be allowed to opt out of paying for what they consider murder. The many Americans with moral and religious objections to Washington’s militaristic foreign policy should also be able to redirect some of their taxes from the warfare state to private charities. Some may claim this would weaken America’s defenses. However, since America’s military budget is higher than the combined military budgets of the next seven biggest spending countries, and since our militaristic foreign policy has little or no relation to actual security, there is no reason the military budget cannot and should not be reduced.
Allowing taxpayers to opt out of subsidizing war and abortion would be major victories. However, there are other government programs that might offer exemptions for moral or religious objections. For example, followers of Ayn Rand have moral objections to government-funded welfare. Some Christians also find government-provided welfare morally objectionable because they believe it is the duty of the church, not the state, to help the less fortunate. Others may find corporate welfare, the drug war, or restrictions on the First and Second Amendments morally objectionable.
It may be impossible to find a welfare-warfare state program that does not offend someone’s moral or religious beliefs. For many the entire welfare-warfare state is immoral because it is built on a foundation of aggression. The only way to stop the government forcing taxpayers to subsidize activities they consider immoral is to return to limited, constitutional government that does not steal from the people via the income tax and the inflation tax.
The Russian seizure of two Ukrainian warships sailing through the Kerch Strait has flared up tensions almost to the point of war. Are special interests pushing Ukraine to provoke Russia? Is Kiev operating all on its own? Are Washington neocon fingerprints on this little operation? Will it spin out of control?
Consistent failure has not deterred those who wish to rule the world militarily. With each passing decade, the foreign policy of America's Founders is looking more and more attractive. Ron Paul has consistently advocated their policy of non-intervention and peace.
The Federal Reserve isn't "federal" and it has no "reserves." Is it a public institution? No. Is it private? No again. Is it Constitutional? Absolutely not! Who owns The Fed, and does it even matter?
Did you know that the plentiful results of discarding collectivism for individual liberty ushered in Thanksgiving? Thank you, to all of our loyal viewers for sharing a part of each day with us. We are thankful that the ideas of Liberty are alive and well!
Should we punish the Saudis or not over the killing of Khashoggi? Is this really the only choice being offered? That is what the mainstream media and Washington politicos and pundits would have us believe. As usual they are wrong. In this special Liberty Report we lay out how a real "America First" foreign policy would react to Saudi actions.
We hope you enjoy these highlights from Julian Assange's interview on the Ron Paul Liberty Report on Apr. 27, 2017. You can watch the entire interview here: https://youtu.be/QwkrtpXp-wg
The current situation on Julian Assange. Will he be extradited to the U.S.? Who is really pulling the strings?
By Ron Paul
The Pentagon has finally completed its first ever audit and the results are as many of us expected. After spending nearly a billion dollars to find out what has happened to trillions in unaccounted-for spending, the long look through the books has concluded that only ten percent of all Pentagon agencies pass muster. I am surprised any of them did.
Even the Pentagon is not surprised by the failure of the audit. "We failed the audit. But we never expected to pass it,” said Deputy Secretary of Defense Patrick Shanahan. Can we imagine any large US company subject to the prying eyes of the IRS being so unfazed by the discovery that its books have been so mis-handled?
As with all government programs, but especially when it comes to military spending, the failure of a program never leads to calls for funding reductions. The Pentagon’s failure to properly account for the trillions of taxpayer dollars shoveled in year after year only means, they say, that we need to send more money! Already they are claiming that with more resources – meaning money – they can fix some of the problems identified by the audit.
If you subsidize something you get much more of it, and in this case we are subsidizing Pentagon incompetence. Expect much more of it.
Outgoing chairman of the House Armed Services Committee, Rep. Mac Thornberry, warned against concluding that this mis-handling trillions of dollars should make us hesitant to continue sending trillions more to the Pentagon. The failed audit “should not be used as an excuse for arbitrary cuts that reverse the progress we have begun on rebuilding our strength and readiness,” he said.
The neocons concur. Writing in the Free Beacon, editor Matthew Continetti (who happens to be Bill Kristol’s son-in-law) warns that now is “the wrong time to cut defense.”
But I agree with the young neoconservative Continetti. I would never support cutting a penny of defense. However the Pentagon’s lost trillions have nothing to do with defense. That is money propping up the high lifestyles of those connected to the military-industrial complex.
Continetti and the neocons love to throw out bogeymen like China and Russia as excuses for more military spending, but in fact they are hardly objective observers. Look at how much the military contractors spend funding the neocon publications and neocon think tanks telling us that we need more military spending! All this money is stolen from the productive economy and diverted to enrich neocon cheerleaders at our expense.
Of course the real problem with the Pentagon and military spending in general is not waste, fraud, and abuse. It is not ten thousand dollar toilet seats or coffee mugs. The problem with military spending is the philosophy that drives it. If the US strategy is to maintain a global military empire, there will never be enough spending. Because there is never enough to control every corner of the globe. But if we are to return to a well-defended republic, military spending could easily be reduced by 75 percent while keeping us completely safe. The choice is ours!