This week, the U.S. federal government received a credit rating downgrade. Given the unsustainable levels of government spending and debt, as well as the skyrocketing interest payments to merely service the debt, should anyone be surprised? Endless wars and endless welfare promises come at a cost. It’s obviously very easy for politicians to focus on the short-run and let future generations deal with the long-run. But the long-run always arrives, and is rarely expected.
The Ron Paul Institute for Peace and Prosperity is a project of Dr. Paul’s Foundation for Rational Economics and Education (F.R.E.E.), founded in the 1970s as an educational organization. The Institute continues and expands Dr. Paul’s lifetime of public advocacy for a peaceful foreign policy and the protection of civil liberties at home. Visit http://www.ronpaulinstitute.org