Republican Debate A Waste of Time

CNN Peter Hamby reports on the Republican "debate" and notes,

And former Massachusetts Gov. Mitt Romney chided Perry for referring to Social Security as a "Ponzi scheme" and vowed to protect the program. Romney called such language "over the top" and said that Perry wrote in his book "Fed Up!" that the entitlement program is unconstitutional.

So I have to ask the obvious. If it is not a Ponzi scheme where the funds have been stolen by Congress and dwarfing the Madoff scandal, then pray tell, what is it? Why does this Madoff go to jail while Congress continues on doing exactly the same thing?

It should also be noted that every judge knows Social Security is unConstitutional. That is why Roosevelt had to stack the Court in order to get it declared legal. So again, pray tell, where in the Constitution is this power enumerated. Oh that's right. You can't!

Romney responded to Perry at one point by saying:

"If we nominate someone who the Democrats can correctly characterize as being opposed to Social Security, we would be obliterated as a party," he said.

What I find interesting about all of this mumbo jumbo is neither are willing to deal with the real fundamental issues. Both are accepting the false premises that government is the solution to our problems. Neither one of them are offering the politically incorrect but necessary solution. CUT SPENDING!

So Perry is going to accept deficit spending and crony capitalism (as Palin noted here), and Romney...well, Romney Care should tell us all we need to know. How he was a front runner is beyond me. Note this article's statement on Romney's budget:

Taken together, Romney’s fiscal policies would be even worse than the House Budget. His spending levels are the same — though he provides few details as to what he would cut to accomplish this — but his revenue levels are even lower. The result would be continued unsustainable deficits and more debt. In fact, Romney’s plan would yield approximately $6.5 trillion in deficits from 2013 through 2021.

See the problem? No true budget cuts.

And of course the other head of this dragon. The Fed!

The Fed has one power that is unique to it alone: it enables the creation of money out of thin air. Sometimes it makes vast new amounts. Sometimes it makes lesser amounts. The money takes a variety of forms and enters the system in various ways. And the Fed does this through techniques such as open-market operations, changing reserve ratios, and manipulating interest rates, operations that all result in money creation.

We are talking about an awesome power. It is the power to weave illusions that appear real as long as they last. That is the very core of the Fed's power. 

Of course not everyone is instinctively against this illusion-weaving power, and many even welcome it. Tragically, the innocent who understand little about the complexity of the monetary system suffer the most, while those who are in the know reap great profit whether the market is going up or down.

The more we seek to follow the popular guy, the closer to a true default we come. Time to vote for substance. Time to vote for Ron Paul.