Tenth Amendment Center

by Rep Ron Paul
President Obama signed an executive order last week continuing the faith-based initiatives program created by former President Bush.  When the program was created, I warned that giving taxpayer money to private religious organizations would eventually lead to political control and manipulation of them.  This week has provided some evidence that this was [...]

by Rep Ron Paul
This week the House is expected to pass an $825 billion economic stimulus package.  In reality, this bill is just an escalation of a government-created economic mess.   As before, a sense of urgency and impending doom is being used to extract mountains of money from Congress with minimal debate.  So much for [...]

by Rep Ron Paul
The economic situation continues to deteriorate this week as past and future bailouts were discussed on Capitol Hill.  The debate was over the accountability of already disbursed TARP money, and on whether or not to release remaining funds.   Banks that had already been bailed out before are looking for more money to [...]

by Rep Ron Paul
Last week I discussed our worsening economic situation and the fact that there are very few options for the new administration to improve things in the long run.  The same is not true on the foreign policy front.  Our interventionist foreign policy stands ready to be put on a new course with [...]

by Rep Ron Paul
Billions of dollars were recently lost in the collapse of Bernie Madoff’s self-described Ponzi scheme, in which too-good-to-be-true returns on investments were not really returns at all, but the funds of defrauded new investors.  The pyramid scheme collapsed dramatically when too many clients called in their accounts, and not enough new victims [...]

by Rep Ron Paul
The freedom to fail is an essential part of freedom.  Government- provided financial security necessitates relinquishing the very essence of freedom.  Last week, the big 3 American automakers came back to Capitol Hill with their hands out to the government.  Congress spent this past week debating how much money to give them [...]

by Rep Ron Paul
This week the bailout of the Big Three automakers was under heavy consideration in Congress’s lame duck session.  I have always opposed government bailouts of private organizations.  Back in 1979 Congress had hearings about bailing out Chrysler and I was on record pointing out that these types of policies are foolish and [...]

by Rep Ron Paul
With news this week that Congress is poised to consider a new stimulus package, I am forced to again ask a question that seems silly in Washington:  How will we pay for this?
While a few Members of Congress have raised the issue, it certainly was not the primary concern of the House [...]

by Rep Ron Paul
It has been long understood that our federal government is going deeper into debt, consistently raising the debt ceiling and demonstrating no fiscal restraint. In recent years, debt ceiling increases have been placed in “must pass” legislation as a means to guarantee that Republicans as well as Democrats would vote for them [...]

by Rep Ron Paul
It has not been a good week for the Republic.  It took quite a bit of trampling of the Constitution, but the bailout bill passed, as I suspected it would.
The bailout failed the first time it was brought to the House.  Undaunted, the Senate pressed on by attaching the bailout as an [...]

by Rep Ron Paul
The financial meltdown the economists of the Austrian School predicted has arrived.
We are in this crisis because of an excess of artificially created credit at the hands of the Federal Reserve System. The solution being proposed? More artificial credit by the Federal Reserve. No liquidation of bad debt and malinvestment is to [...]