Ron Paul's Statement On The Budget Control Act And On "Super Congress"

Not one but two letters today (link to prior here [6]) from a very digusted Ron Paul, in which he once again dissects the complete farce that is the "spending" cut bill (if by spending one means slightly lowering the angle of attack on future government expenditures well over and above the revenue slope) and also adds his thoughts on the farce that is the "Super Congress."

Statement On The Budget Control Act [7]

Rather than raising the debt limit, Congress should recognize the federal government has reached debt saturation and therefore stop incurring new debt!   Federal revenues for 2012 likely will amount to about $2.2 trillion, an amount roughly equal to the 2004 federal budget.  To balance the 2012 budget, Congress simply needs to adopt 2004 spending levels.  Was the federal government really too small just 8 years ago?

But Washington has a serious spending addiction-- and in spite of all the talk about spending cuts, there are none contained in today’s legislation.  According to the non-partisan CATO Institute, this bill merely commits Congress to spending less than it otherwise would.  Even if this Congress could bind a future congress, I doubt many Americans would define a cut as spending less on unconstitutional programs than Congress originally planned to spend.  The bill also assumes large tax increases in its revenue projections, with the expiration of the Bush tax cuts at the end of 2012 calculated into the “baseline” numbers.  This assumption will make it very difficult politically for Republicans to extend current tax rates beyond 2012.

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