Saturday, April 20th, 2019  |  7:42 AM

A Conservative Newspaper Promoting,
Life, Liberty, and the Pursuit of Happiness

Subscribe Now: Get your own copy of The US Journal

Debt Ceiling Compromise Will Destroy Economy

Written By: Ron Paul  |  Posted: Wednesday, August 3rd, 2011

                "While it is good to see serious debate about our debt crisis, I cannot support the reported deal on raising the nation's debt ceiling. I have never voted to raise the debt ceiling, and I never will.

                This deal will reportedly cut spending by only slightly over $900 billion over 10 years. But we will have a $1.6 trillion deficit after this year alone, meaning those meager cuts will do nothing to solve our unsustainable spending problem. In fact, this bill will never balance the budget. Instead, it will add untold trillions of dollars to our deficit. This also assumes the cuts are real cuts and not the same old Washington smoke and mirrors game of spending less than originally projected so you can claim the difference as a 'cut.'

Sign into your account to read the rest of this article. »

Share this on Twitter  |  Share this on Facebook  |  Email to a friend.  |  Contact the editor.

What are your thoughts?

Want to read more of this article?

You must be a subscriber to read entire articles.

Gain 24/7 access to all the content on this website by becoming a subscriber.
Choose your subscription plan and get full access in minutes. Subscribe now. »

If you are already a subscriber, sign in now to read more full articles.

More National News

This Month’s Headlines

God Save Women from Other Women

This Month's Headlines

Trump's Energy Success

This Month's Headlines

The Democrat Party Needs to Wake Up

Deadly Isms

Mainstream Media Can't be Trusted

If it Damages America, It's Good for Democrats

Foreign Interventionism is Destroying Us