Rep Ron Paul Texas Straight Talk: How Keynesianism is Prolonging Economic Agony

In his weekly update, Dr. Ron Paul of Texas illustrates the disastrous consequences of following the Keynesian economic model, which advocates in perpetuity. Just last week, the House voted to raise the debt ceiling by another $1.9 Trillion, a move undertaken to avoid defaulting on current obligations, but nonetheless just delaying the inevitable. In reality, no one can merely continue borrowing funds in order to service the interest on the existing debt and make payment on bill that are currently due. This simple idea universally understood by the People, seems to escape those in government, who care more about reelection than charting a fiscally responsible course for the nation.