Dr. Paul dishes out the truth.
'There aren't any real cuts. It will do nothing to fix our debt problem. The budget is growing automatically at about 7% per year. With the sequester it will grow 6.9%.'
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Ron Paul on CNBC's Fast Money late Friday.
Selected quote:
"It's just a fear tactic to raise taxes. Heck, the Fed spends $85 billion per month all on its own. The proposed increase in spending the next 10 years is $2.5 trillion. If the sequester goes through, they will instead increase spending $2.4 trillion in the next 10 years. It means nothing. The budget is growing automatically at about 7% per year. With the sequester it will grow 6.9%. Let's just freeze the budget at 2012 levels, then no one can complain about a cut. Don't be fooled by the rhetoric. Both parties are against cutting anything in the military budget."
The actual numbers are here:
The Truth About The Sequester Cuts
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