Monthly Archives: October 2011

Ron Paul: Blame the Fed for the Financial Crisis – WSJ.com

To know what is wrong with the Federal Reserve, one must first understand the nature of money. Money is like any other good in our economy that emerges from the market to satisfy the needs and wants of consumers. Its particular usefulness is that it helps facilitate indirect exchange, making it easier for us to buy and sell goods because there is a common way of measuring their value. Money is not a government phenomenon, and it need not and should not be managed by government. When central banks like the Fed manage money they are engaging in price fixing, which leads not to prosperity but to disaster.

via Ron Paul: Blame the Fed for the Financial Crisis – WSJ.com.

Ron Paul’s budget cuts put U.S. on right track – Chicago Sun-Times

Next month, the Joint Select Committee on Deficit Reduction, a 12-member subset of Congress that Congress created to make the hard fiscal choices Congress has failed to make, is expected to propose $1.2 trillion in cuts from projected spending during the next decade. This week, Rep. Ron Paul (R-Texas), who is seeking the Republican presidential nomination, unveiled a plan to cut nearly that much in 2013 alone, followed by similar cuts in the next two years, yielding a balanced budget by 2015.

The contrast between the so-called super committee’s goal and Paul’s plan shows how pathetic official Washington’s gestures of fiscal responsibility are. Paul’s detailed numbers refute the myth that the budget cannot be balanced without raising taxes while challenging his opponents to put up or shut up.

via Ron Paul’s budget cuts put U.S. on right track – Chicago Sun-Times.

Presidential Candidate Comparison: Top Contributors, 2012 Cycle | OpenSecrets

Candidate Comparison: Top Contributors

2012 Cycle

These tables list the top donors to these candidates in the 2012 election cycle. The organizations themselves did not donate , rather the money came from the organization’s PAC, its individual members or employees or owners, and those individuals’ immediate families. Organization totals include subsidiaries and affiliates.

Because of contribution limits, organizations that bundle together many individual contributions are often among the top donors to presidential candidates. These contributions can come from the organization’s members or employees (and their families). The organization may support one candidate, or hedge its bets by supporting multiple candidates. Groups with national networks of donors – like EMILY’s List and Club for Growth – make for particularly big bundlers.

Barack Obama

Microsoft Corp $170,323

Comcast Corp $116,155

Harvard University $94,225

Google Inc $90,166

University of California $83,679

Mitt Romney

Goldman Sachs $354,700

Credit Suisse Group $195,250

Morgan Stanley $185,800

HIG Capital $176,500

Barclays $155,250

Rick Perry

Ryan LLC $197,800

Murray Energy $66,803

USAA $51,500

Contran Corp $50,000

Ernst & Young $45,300

Ron Paul

US Air Force $23,437

US Army $23,053

US Navy $16,973

Mason Capital Management $14,000

Microsoft Corp $13,398

via Presidential Candidate Comparison: Top Contributors, 2012 Cycle | OpenSecrets.

Ron Paul to propose $1T in specific budget cuts – Dan Hirschhorn – POLITICO.com

Ron Paul’s opinions about cutting the budget are well-known, but on Monday, he’ll get specific: the Texas congressman will lay out a budget blueprint for deep and far-reaching cuts to federal spending, including the elimination of five cabinet-level departments and the drawdown of American troops fighting overseas.There will even be a symbolic readjustment of the president’s own salary to put it in line with the average American salary.

via Ron Paul to propose $1T in specific budget cuts – Dan Hirschhorn – POLITICO.com.