Zeke Miller
Business Insider
October 24, 2011
Texas Rep. Ron Paul claimed no Americans would be hurt by his plan to immediately cut government spending by $1 trillion if elected president.
In an interview with David Gregory on NBC’s Meet the Press, Paul compared his cuts to those after World War II. “We got over the Depression by having these draconian cuts,” he said.
Paul’s economic plan would cut $1 trillion from the federal budget in his first year in office — and would eliminate five Cabinet departments.
Paul added that the government “created the monster” in the housing market, calling for a “sharp correction” in order to “cleanse” the system.
“It should have had a sharp correction because its was artificially manipulated,” he said.
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2 Responses to “Ron Paul Calls For Another ‘Sharp Correction’ In Housing Market”
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It is as if RON PAUL is speaking a foriegn language to this guy. I think he will understand when the dollar finally tanks.
The free market concepts Ron Paul touts are really hard to accept by the big government press on the left. Its funny to see how they act as if Ron’s proposals are so foreign. I sometimes wish Ron would turn the question on them. So David, how would you address 15 trillion in debt? Maybe he has never had to think what he would do.