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Ron Paul Exposes Bizarre Spending Habits at the Federal Reserve & State Department

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http://www.RonPaul.com - 03/01/2010 Last week I had the opportunity to bring up spending and transparency in two important hearings. On Wednesday I questioned Federal Reserve Chairman Ben Bernanke on some highly questionable uses of funds at the Federal Reserve, and on Thursday I asked Secretary of State Hillary Clinton about exorbitant spending at the State Department. It is extremely important to continue bringing these issues up, especially in light of our difficult economic times, when so many are out of work, as I saw up close in my district at the Oceans of Opportunity Job Fair in Galveston two weeks ago. Those who are working live with the fear of losing their jobs as they struggle to pay bills. Meanwhile, Washington is talking of increasing their taxes, something voters were promised, clearly and adamantly, would not happen in this administration. Government also struggles with money, but the struggle centers on how to get more of your money into government coffers. Rather than expanding the Federal budget in the face of economic downturn, we should be focusing on eliminating waste and being the very best stewards of public funds that we can possibly be. Most businesses have had to streamline and cut back in order to survive, and so it is only fair for our government to do the same. Instead, the State Department is building a $1 billion embassy in London, the most expensive ever built. The plans even include surrounding it with a moat! I asked the Secretary of State about this massive expenditure, and she claimed the funds for this were coming from the sale of other properties. If money can be saved, then save it! Don't spend it on such an extravagant structure overseas when people back home can't find jobs or pay bills. Not only that, but the administration has committed to doubling foreign aid. That is one promise that is likely to be kept, despite our economic crisis. I asked Chairman Bernanke about Federal Reserve agreements with foreign central banks and if he had had any conversations about bailing out Greece, which he flatly denied. However, he recently announced that the Federal Reserve will be looking into Goldman Sachs' derivative agreements with Greece. Goldman Sachs, as we know, has "too big to fail" status with the Fed, so it is conceivable that any Greece-related catastrophic losses at Goldman Sachs will once again be passed on to taxpayers. Perhaps most sinister are the revelations in Robert Auerbach's book "Deception and Abuse at the Fed" that $5.5 billion was sent to Saddam Hussein in the 1980s - money that allowed Iraq to build up its military machine to fight Iran prior to the first Gulf War, the very machine turned against our brave men and women within just a few years! I agree with Bernanke's characterization of this it is indeed "bizarre" to think that Americans at the Federal Reserve could engage in this type of behavior, which some have called "criminal". However, Professor Auerbach served as a banking committee investigator, and as an economist at the Treasury Department and at the Federal Reserve. His claims are hardly without merit. In fact, they are solidly backed by court rulings and other evidence. The lack of accountability and transparency in our leaders on government spending is appalling. We simply must keep pressing these issues and voicing our objections if we are ever to reverse our failed policies. --- Ron Paul is America's leading voice for limited constitutional government, low taxes, free markets, and a return to sound monetary policies. For more information visit the following sites: http://www.RonPaul.com http://www.CampaignForLiberty.com http://www.house.gov/paul http://www.DailyPaul.com http://www.RonPaulForums.com
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Текстовые комментарии (45)
Downfurlife (7 лет назад)
@berserker96 It is weird what a difference 2 months make. I do not remember writing that. But then again I respond to many messages a day. I too am voting for Ron Paul. :)
berserker96 (7 лет назад)
Professor Arbok
berserker96 (7 лет назад)
@Downfurlife whoa whoa whoa. "Rationally"? You're missing the point of voting. You're not supposed to vote AGAINST someone, you're supposed to vote FOR whoever YOU want to be the president of the United States. Stop watching so many pundit shows. This is exactly what the media wants us to do: find a candidate that we don't like and then utterly waste our vote trying to ensure that they don't get into office. I'm voting for Ron Paul because I want to and I don't care who knows it
WutheringHeights (7 лет назад)
We don't want the US Embassy in London, we campaigned against it, but these politicians are too crafty.
Downfurlife (7 лет назад)
@Steenville He simply can not win. He had NO chance last time he ran. He did not come close. A vote for Paul is a wasted vote that could decide the next winner, a person you would have rationally voted against but you voted for Paul instead. That said I gave you a thumbs up.
koollama (7 лет назад)
@bosatsu76 His stance on military spending is that it needs to be decreased. His stated method in doing so is to adopt a non-interventionist foreign policy. (Or re-adopt I should say.)
Ralph Marshall (8 лет назад)
When he starts to deal with the nearly $1 Trillion dollar military budget, I will think that he is serious... Until then, he is just another builder of corporate empire.
Veliuszero1 (8 лет назад)
@Steenville your on crack, dude is never going to win an election. hes the modern day ross perot.
ballsonyachin420 (8 лет назад)
indeed, we both need a revolution, a world wide would be nice to rid us of this plague called the new world order. sadly the worst plague of mankind is Apathy and willing ignorance.
robertwc82 (8 лет назад)
our countries, im not from USA but any country in the UN is basically run by the same oligarchy. same halfit sykophants making up the general population so the society aint much different either
robertwc82 (8 лет назад)
i almost got done for theft because i perfectly matched a very vague description (black pants) but i fit the description perfectly they kept saying in the end turned out the people who made the vague descripton that i matched perfectly were filing a false police report, i assume to scam their insurance but the cop was treating me like shit and got really annoyed when he had to let me go saying "your lucky.....this time"
Lora (8 лет назад)
Good for you!
Lora (8 лет назад)
robertwc: I agree with you completely! I have had people say this to me many, many times. The people who say these things tend to treat you like a criminal even if you haven't done anything wrong. I'm shocked more and more every day to see that people have given up on these simple concepts that have kept us free in this country.
purechaos2000 (8 лет назад)
Hell yeah man. Everytime I get stopped (which is VERY seldom, maybe 3 times in 10 years) by the cops they ask to search my vehicle. I always say no. They always give me the "what you got to hide" crap to which I always respond, "I have nothing to hide, I just have a 4th amendment right and I will not let you defeat that."
robertwc82 (8 лет назад)
"if you have nothing to hide you have nothing to fear" is the usual rhetoric but then how does that exlpain all the innocent people who have known to be locked away and all the innocent people that have been known to be executed by a state. innocent people should fear being punished for a crime they did not commit
purechaos2000 (8 лет назад)
Know your rights. You could have told the police to come back when they had a warrant. When I was younger I used to allow the police to do whatever they wanted if they asked. Now I enforce every right I have and know them inside out. It sucks to learn the hard way, but next time you will be on guard. Don't let police do anything without a warrant or showing probable cause. They have to follow the law just like everyone else.
purechaos2000 (8 лет назад)
Ron Paul is not a progressive. Progressives are mainly in the democrat party and the term actually comes from the Progressive Socialist Movement of the 50s and 60s. As for third parties.. I would love a third party to rise up, but the problem is that a third party candidate can only be on the ballot in 43 states and getting on the ballot even in those states is like pulling teeth. It is unfortunate, but the only way a third party will be effective is if we remove one of the standing parties.
purechaos2000 (8 лет назад)
How is he bizarre? He speaks honestly, he has yet to be proven wrong, he leads a healthy lifestyle, and he always stands on principle. If that is bizarre I sure would hate to see what is "normal".
Radwar99 (8 лет назад)
Only to the uneducated and the clueless.
Psychosmurf547 (8 лет назад)
WDF?????? Where did this happen????????
Robert Jochim (8 лет назад)
Thank you, Dr. Paul. We need more common sense like yours! You are a true statesman.
jeremyelliott1 (8 лет назад)
Good job ron. Your a good man
whocaressomething (8 лет назад)
Refreshing to see that some of our political leaders like Ron still have some common sense!!!!!! He hasnt forgot that America was founded as a republic for the people of this nation . Washington seems to have forgot that fact, at least their actions show that they have forgot.
zaczattack (8 лет назад)
Why are ppl disliking this. This is what libertarians believe, fuck the government, give the government as little power as they can have, and let the people live the way they want with out the government in their life. That's what one of Ron's main platform is, live your life without the government living it for you.
CrabMaster (8 лет назад)
Yay Ron!
whynotflip (8 лет назад)
are you sure you're not a libertarian? sure sounds like it! have you ever taken a political interest test to see?
opiumthoughts (8 лет назад)
@RCinPAWA lol
BillW77 (8 лет назад)
I'm going to reply because I felt the same way and voted for Obama when Paul lost the primary. My reasoning was that I felt McCain would have been an advocate of more war and nation building which would have cost the country as much money as large government programs without the benefit of helping anybody. When I coupled that belief with McCain's conservative outlook on social issues and his choice of Sarah Palin as VP there was noo way I could vote for. Too bad Obama seems war hungry too.
Chris Lockwood (8 лет назад)
go ron
TheVampirella (8 лет назад)
Paul/Napolitano 2012!
sTeVeXNYCPerformance (8 лет назад)
Money is for POOR people. If you earn money, it must be turn into wealth (ONLY GOLD). all other form of wealth are tax by the slave masters. GOLD CAN NOT BE TAX!. cause who will know what one hold?. When they know, they will tax your good god will.
chroNick (8 лет назад)
lol sure
opiumthoughts (8 лет назад)
@NoLibertarian Hes not constructive you sir are a moron. You must work for the government.
pretorious700 (8 лет назад)
The tide is turning, public opinion is finally catching up with common sense and fiscal responsiblity. If dopes like you get left behind, so be it. If you knew anything about how corrupt governments historically fail, you would be able to see all of the parallels here. When an old building fails and is a danger to the public, it has to be destroyed before a new one can be built. You are a debt slave and apparently happy to be one.
Jethro Rose (8 лет назад)
peter schiff is also of a similar mindset and is running for senate...
Jethro Rose (8 лет назад)
he has plenty constructive to say, there's just a lot of destruction going on and he calls others on it.
Alberto Veronese (8 лет назад)
all these debts will turn into a global conflict
adsicks (8 лет назад)
Go Dr. Paul. Downsize the government for us.
Zark Wonderbread (8 лет назад)
@Firebirrd85 I really think he's aware that he very well may be assassinated if elected. If anything, the powers that took out JFK have become even more powerful, and are just as insidious as ever, and RP knows this.
zaczattack (8 лет назад)
Ron, Please run in 2012. You are the only uncorrupted and uncorruptable person in wahington. We need you!!!
wizarddragon (8 лет назад)
@EricFinnerty ya its called money and the control of debt
wizarddragon (8 лет назад)
@Firebirrd85 trade one enslavement for another what is one to do?
Kyocus (8 лет назад)
Thanks for the weekly updates.
Hollis Queenz (8 лет назад)
Thank you Ron Paul for telling us what's going on.
D.Bond007 (8 лет назад)
go Ron Paul

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