Tags: Ron Paul | Economic- Crisis | Obama Budget | | Exploratory | committee | balanced

Ron Paul: I Am Forming Exploratory Committee

Tuesday, 26 Apr 2011 06:06 AM

By Hiram Reisner

Texas GOP Rep. Ron Paul says he will announce in Iowa Tuesday that he is forming an exploratory committee, moving closer to a decision to enter the 2012 presidential race. Paul also told Fox News’ Sean Hannity on Monday that a balanced budget amendment would not be enough for him to vote to raise the debt ceiling.
Ron Paul, president, committee“We’re going to announce that I'm going to start an exploratory committee,” he said. “I’ll stop by in Iowa on my way home, and that might lead to the next decision. It depends on what kind of reception I get on your show tonight — you know, if I get booed or something, I'll say, well, maybe I shouldn’t do it.”

Hannity noted that the Texas congressman’s son, Kentucky Sen. Rand Paul, has said a balanced budget amendment could make him lean to voting to raise the debt.
“I guess I probably would have a little disagreement on that,” Ron Paul said. “I would, you know, vote for that, but that wouldn’t make me satisfied to raise the debt, because when are you going to get the amendment passed?
“You have to pass it through the House and the Senate and pass it through the states, five or 10 years from now — that is what is wrong with all these budget proposals — it does nothing until, you know, many years out,” he said. “But the amount of deficit difference, national debt difference in 2016 between Republican and Democrats, is 19 trillion for the Republicans and 20 trillion for the Democrats. I mean, that's all fiction — it doesn't mean anything.”
Hannity said he does not believe Republican lawmakers fought hard enough for spending cuts in the 2011 budget agreement and he would have preferred if the government had shut down.
“I’m with you on that — but still, you know, it is not easy to vote against the budget when all the Republicans are voting, you know, for a budget,” Ron Paul said. “But I agree with you — I think it should close down — it should have closed down a long time ago. But I thought it should have been closed down 15 or 20 years ago and change our ways.
“But because of this system and the monetary system and the desire for entitlements, I mean, it is sort of endless.”

© 2015 Newsmax. All rights reserved.

Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
Zip Code:
Privacy: We never share your email.
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Mali's Islamists Withdraw Cease-Fire Pledge

Friday, 04 Jan 2013 13:06 PM

Tens of thousands of Fatah supporters rallied in the Hamas stronghold of Gaza on Friday for the first time since they we . . .

Fmr. CIA Director Hayden: Iran Nuclear Crisis Gets 'Scarier'

Tuesday, 17 Jul 2012 18:11 PM

 . . .

Join Fmr. CIA Director for Special Iran Briefing, Assess the Danger

Friday, 13 Jul 2012 12:27 PM

 . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

America's News Page
©  Newsmax Media, Inc.
All Rights Reserved