Ron Paul Statement on
House Passage of Paul Ryan Budget
April 2, 2012
2012 Republican Presidential candidate Ron Paul released the following
statement concerning Rep. Paul Ryan’s budget.
Rep. Paul was unable to make the vote on his colleague’s budget
legislation because he was en route to an event in Wisconsin where
thousands of supporters were waiting to hear him speak about issues that
include fiscal restraint. Below find comments from Rep. Ron Paul:
“Our nation is in dire fiscal crisis to the extent that if reforms are
not instituted through the regular process of Congressional budgeting,
then they will have to take place in a scenario closer to the reforms
now addressing European fiscal crises.
“That is, if we don’t make real reforms today, tomorrow we will face the
threat of unfunded obligations, an inflation tax that hurts low- and
fixed-income Americans, and the emergency implementation of painful
austerity measures not yet experienced in our nation.
“I sympathize with my friend Rep. Paul Ryan’s aim in reducing federal
debt, reforming entitlements while protecting those who currently depend
on them, and reducing taxes. Unfortunately, Mr. Ryan’s budget assumes
that the federal government can and should continue all its current
activates, the welfare state just needs to be run in a more efficient
“The Ryan budget reduces the federal government’s debt burden by
trillions of dollars yet it does so in decades and not immediately, as
our severe debt crisis warrants. Washington has a debt problem because
the federal government spends too much, and the federal government
spends too much because it tries to do too much. Any budget plan will
fail to make the serious and timely spending cuts needed as long as it
accepts the premise that Washington should run the economy, run our
lives, and run the world.
saddens me to see Rep. Ryan and his plan targeted for demagoguery by
those on the left since the reforms he is proposing to the full Congress
are rather insignificant. Attacks of these kinds have a chilling effect
on the many voices calling for fiscal restraint, and it is unfortunate
that criticism of this kind gains attention while our fiscal house is in
disorder and future generations’ prosperity is jeopardized.
“I, however, will not remain silent about our spending-fueled debt
crisis. In fact, condemning the outsize growth in government that
perpetuates spending and borrowing in the first place is a prominent
feature of my candidacy.
“My ‘Plan to Restore America’ is an economic blueprint that cuts federal
spending by $1 trillion in year one, and balances the federal budget in
year three. The plan provides a roadmap for authentic reforms by
curtailing unnecessary spending the nation simply can no longer afford.
“Something I hope to do as your President is to assemble those on both
sides of the aisle for a civil discussion about the seriousness of our
debt and spending crises, and that is partly why I am seeking the