Wholesale inflation up 6.3% for 2007 That's the largest increase in 23 years. We can't continue to allow our government to print $800 Billion more dollars per year than it collects in revenue. Ron Paul is the only candidate that is serious about making spending cuts that will bring our budget in line. Unless you want to pay $6 or $7 for a gallon of milk, it's time to put someone who will be responsible about government spending in office. The ONLY candidate with that record is Ron Paul.
Yeah Ron Paul is for spending cuts, thats why he loads up his bills with earmarks: âMeet the Pressâ transcript for Dec. 23, 2007 MR. RUSSERT: When I looked at your record, you talked about big government and how opposed you are to it, but you seem to have a different attitude about your own congressional district. For example, "Congress decided to send billions of dollars to victims of Hurricane Katrina. Guess how Ron Paul voted. `Is bailing out people" that choose--"that chose to live on the coastline a proper function of the federal government?' he asks." And you said no. And yet, this: "Paul's current district, which includes Galveston and reaches into" the "Brazoria County, draws a substantial amount of federal flood insurance payments." For your own congressional district. This is the Houston Chronicle: "Representative Ron Paul has long crusaded against a big central government. But he also" "represented a congressional district that's consistently among the top in Texas in its reliance on dollars from Washington. In the first nine months of the federal government's" fiscal "2006 fiscal year," "it received more than $4 billion." And they report, The Wall Street Journal, 65 earmark-targeted projects, $400 million that you have put into congressional bills for your district, which leads us to the Congressional Quarterly. "The Earmark Dossier of `Dr. No.' There isn't much that" Ron--Dr. "Ron Paul thinks the federal government should do. Apparently, though, earmarks" for his district "are OK. Paul is the sponsor of no fewer than 10 earmarks in the water resources bill," all benefiting his district. The Gulf Intercoastal Waterway: $32 million. The sunken ship you want to be moved from Freeport Harbor. The Bayou Navigation Channel. They talk about $8 million for shrimp fishermen.
Inflation up over 6% and yet the treasuries are yielding lower and lower.... what morons are buying them with inflation going so high? It defies logic.
There is something "else" going on with the treasury market... cynic that I am, I suspect it could be that the Fed is monitizing the debt covertly... other possibilities too.... but definitely a conundrum