Originally posted by: SleepWalkerX
Its as realistic as believing it should be abolished. Allowing it to continue means you are ok with Congress
spending us into oblivion. If you want Congress to spend less money, stop giving it money to spend.
Governments throughout history have, more or less, proven to be inherently poor at managing money and time. They aren't private institutions that thrive on competition. Hopefully that changes someday. In the meantime, it is utterly absurd to think the IRS or income tax will be abolished when vital healthcare programs (Medicare/caid), national security programs (DoD), and economic institutions (Fed) depend on its revenues. I'd like for gov't programs to be cut too, but economically it's impossible for a growing economy to sustain such a massive, immediate cut; local and municipal governments would be the first to suffer and suffer badly. A recession of epic proportions, perhaps even a significant multi-year bear market, would without a doubt rear its head. Purely from a financial point of view it would be suicide. A large, almost revolutionary sort of cut in taxes and gov't programs like that must be down very slowly and carefully for it to be successful, and even then you're talking about an event that just seems almost pie in the sky-ish from a practability perspective. Even Paul acknowledged that if he were president he wouldn't immediately cut these programs off.
We have both organizations and yet we still had 9/11 and yet we still somehow managed to go to war with Iraq. These organizations have consistently been
infiltrated and
corrupt Ron Paul wants to abolish these beaucratic organizations in favor of leaving intelligence gathering to the military where it'd assumably be more efficient and less prone to political corruption.
So the FBI and CIA have had episodes of corrupt agents and moles, yet the DoD hasn't? Seriously, pick up a book or something. The FBI and CIA have nothing on DoD corruption or infiltration. Both are extremely rare and minor to begin with, btw, in case you were confused. To use the logic that because 9/11 happened that we should abolish the CIA and FBI is also, btw, elementary logic of the worst kind. I suppose we should also abolish police since they sometimes are corrupt and sometimes completely fail at their jobs. I'm sure crime would go way down after that. This is sarcasm, in case you didn't get it.
When members of the Fed themselves admit possibilities of a
severe economic recession will you agree that there is some validity to that statement, or are they liars too?
For one, a prolonged and severe downturn has many levels of definition, and it's nowhere near the way Paul has characterized the economy, which he has spoken of as wholly misguided, headed toward massive inflation and devaluation of the dollar, and just in utter chaos period. That has been nowhere near the case since about 2003, when it still wasn't anywhere near the case. Only in the last few months has the credit crunch really affected the rest of the economy poorly, and the fact that we're likely in a recession certainly is nowhere near the doomsday garbage Paul has spouted far too often for my taste. He obviously means well, he's just dead wrong here. And secondly, I mentioned inflation too, and Bernanke isn't worried about that, merely cautious as the Fed always should be about prices and the money supply. Inflation is still at all-time historical lows going on a quarter century straight, uninterrupted save for a slight hike near 5% in 88. All on paper currency with no commodity backing it. Who woulda thunk!
Either Ron Paul is completely impractical or you can't accept the possibility of a different perspective.
He is completely impractical on some major issues, there's no denying it.