Ron Paul Slams Paul Ryan’s Budget Plan

Independent presidential candidate Ron Paul recently used the FOX News podium to bash Paul Ryan’s proposed budget plan. Ryan is presumptive Republican nominee Mitt Romney’s choice for running mate and Paul contends that the plan has no teeth, criticizing Ryan’s assertion that his approach would draw down U.S. debt within 30 years. Paul went on to tout his own plan, which focuses on ending the wars in Iraq and Afghanistan and using the saved money to fund domestic programs while also cutting back on the spending for some of those programs. For more on this continue reading the following article from Iacono Research.

Rep. Ron Paul (R-TX) doesn’t seem to think too much of Paul Ryan’s budget plans, as expressed to Neil Cavuto the other day, since the goal of “maybe balancing the budget in 30 years” doesn’t fundamentally address the ongoing trouble the nation has in squaring its books (if that’s even possible anymore).

On a related note, Mineweb reports that Paul (Ron, not Ryan) has launched a new campaign to legalize alternate domestic currencies, citing Ludwig von Mises who noted, “sound money is an instrument that protects our civil liberties against despotic government. Our current monetary system is indeed despotic, and the surest way to correct things simply is to legalize competing currencies“.
It’s too bad he’s not running for another term in the House this fall – he will be missed.

This blog post was republished with permission from Tim Iacono.