Kantor said:
Viper1 said:
Kantor said:
Gary Johnson is a less crazy (but unfortunately less popular) version of Ron Paul. My personal favourite is Rudy Giuliani, but he hasn't announced that he will run, and it's not even being widely speculated. The nomination will go to either Romney (whom I still like MUCH more than most of the Republican field) or those nutcases Cain, Palin and Bachmann.
Ron Paul is an extremist. He has the right idea, but he takes it so far as to make it ludicrous. He opposed raising the debt ceiling when there were two days left before the Treasury ran out of money (yes, the final deal was terrible, but only because all of the Democrats were screaming "Don't touch Medicare!" and the Republicans screamed back "No tax increases!).
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Guiliani has an atrocious foreign policy. He'd have us invade all of the Middle East if you let him.
As for the debt ceiling? The Treasury ran out of money months ago. We were already spending $250 billion over the debt limit. It was already broke. That $250 billion was borrowed despite it being ove the limit. And ALL the debt ceiling increase does in allow the Treasury to print more Treasury Bonds to sel to the Fed and China to pay for proposed budget increases. It doesn't go to pay anything already being paid for. Not so extreme anymore, is it?
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Three things could happen if the ceiling stayed intact:
1) Obama ignores the vote and borrows anyway. That would be pretty awful. Possible impeachment and a pretty much definite downgrade for having a rubbish political process.
2) Immediately cut the budget by 40%, several months after the budget has been agreed. Incidentally, borrowing and spending should really be cleared by the same vote.
3) Default.
All of those three are bad. Yes, having high debt is bad, but the others are worse.
If Ron Paul wants to decrease spending, he should put forward his own budget at the proper time. Which isn't now.
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His son, Rand already did this months ago before the debate even happened. It called for balancing the budget in just 5 years, and slashing government spending by approximately ~10 trillion dollars.
http://campaignforliberty.com/materials/RandBudget.pdf
