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article imageRon Paul cites post WWII era as model for federal program cuts

By Michael Krebs     Oct 23, 2011 in Politics
In an appearance on NBC's 'Meet The Press' on Sunday, Republican presidential candidate Congressman Ron Paul clarified his federal spending cut agenda, citing the post-WWII era as his parallel proposal.
Libertarian-minded Republican presidential candidate Congressman Ron Paul appeared on NBC's "Meet The Press" on Sunday to detail his perspectives and to talk further about his proposed plan to cut $1 trillion in federal spending during his first year in the White House.
"American conservatism is a critique of the modern state; a massive federal government too many Americans now accept as the norm. This includes many self-described conservative Republicans who do not really seek a substantive return to constitutional government, but simply believe the GOP can be better managers of the current broken system. This is especially true of most the Republicans running for president this year," the Paul campaign explained in a statement on their web property on Sunday. "Here, Paul explains to Meet the Press’ David Gregory that most of what the federal government does, and does with our money, is ultimately destructive; that cutting government helps create jobs; that slashing spending doesn’t hurt the economy but helps it."
With a ballooning debt and federal deficit that has largely defined the Obama White House, Ron Paul's message of fiscal reserve has propelled him to the national spotlight and has weaved his message into the overall Republican agenda for 2012.
However, what some see as a "draconian" approach by Congressman Paul to cut deeply to the nation's fiscal marrow has been a sounding board for alarmists who claim the Libertarian perspective embodied in Paul is too radical for a modern day America that has become reliant on broad-scale entitlement programs and federal departments.
Paul remains unshaken in his resolve on these concerns and on the matter in general, explaining the successful parallels that history has delivered.
But NBC's David Gregory expressed worry that Paul's approach would hinder economic growth.
"Well, I just used the perfect example," Paul explained. "By draconian cuts after World War II, it stimulated the economy because the resources aren't diminished. The resources are put back into the economy, and the people spend the money. But now all we do is give them debt. We tax; we borrow; then we inflate, and then we distort the economy so we destroy the production because the government takes over the economy, and that's the negative."
More about Ron paul, meet the press, Libertarian, WwII, 2012 presidential election
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