20.Nov.07, 15:44 EST Blog edited on: 23.Nov.07, 16:50 EST
Debt and Taxes
Working Americans like lower taxes. So does Dr. Ron Paul. Lower taxes benefit all of us, creating jobs and allowing us to make more decisions for ourselves about our lives.
Whether a tax cut reduces a single mother's payroll taxes by $40 a month or allows a business owner to save thousands in capital gains taxes and hire more employees, that tax cut is an advantageous measure. Reduced taxes allow more spending, saving, and investing which promotes a healthy economy - for all of us.
Real conservatives have always supported low taxes and low spending. But today, too many politicians and lobbyists are spending America into ruin. We are nine trillion dollars in debt as a nation. Our mounting government debt endangers the financial future of our children and grandchildren. If we do not curtail spending now, higher taxes and economic disaster will overshadow their future - and yours.
In addition, the Federal Reserve, our central bank, fosters runaway debt by increasing the money supply - making each dollar in your pocket worth less. The "Fed" is a private bank run by unelected officials who are not required to be open or accountable to "we the people."
More and more, the government entrusts our economy and our very independence as a nation in the foreign hands of governments such as China and Saudi Arabia, as their central banks also finance our rampant spending.
We cannot continue to allow private banks, wasteful agencies, lobbyists, corporations on welfare, and governments collecting foreign aid to dictate the size of our ballooning budget. We need a "new" method to prioritize our spending: It is time to reacquaint ourselves with the Constitution of the United States.
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