Trump and Harris Ignore a Great Danger Facing America

Trump and Harris Ignore a Great Danger Facing America

Sept. 5, 2024

FOLLOW THE MONEY

Ron Paul Liberty Report

THERE SHOULDN’T BE A FEDERAL RESERVE

Former Congressman and Presidential candidate Ron Paul, commentary from a libertarian perspective.

We should never allow concerns about government debt to prevent us from supporting tax cuts. Instead, we must focus on the real cause of the debt crisis — ever-increasing spending in a futile effort to run the world, run the economy, and run our lives. Increasing federal deficits will result in tax increases, either directly via Congress and the IRS or indirectly via the Federal Reserve’s inflation tax that results from the Fed’s monetization of federal debt.

Unless the federal government starts cutting spending and paying down the debt, America will experience an unprecedented economic crisis. Yet, neither Donald Trump nor Kamala Harris is even talking about this issue, much less proposing a serious plan to roll back the welfare-warfare state, reduce spending, and start to reduce the debt.

Instead, both candidates are likely to increase spending. This is one reason it is difficult to take seriously the claim that this is the most important election in history.

https://www.lewrockwell.com/2024/09/ron-paul/trump-and-harris-ignore-a-great-danger-facing-america/

Original: https://youtu.be/pRDjna8Jqks

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