Government and Fraud

by Rep Ron Paul

Billions of dollars were recently lost in the collapse of Bernie Madoff’s self-described Ponzi scheme, in which too-good-to-be-true returns on investments were not really returns at all, but the funds of defrauded new investors.  The pyramid scheme collapsed dramatically when too many clients called in their accounts, and not enough new victims could be found to support these withdrawals.  Bernie Madoff was running a blatant fraud operation.

Fraud is already illegal, and he will be facing criminal consequences, which is as it should be, and should act as an appropriate deterrent to potential future criminals.  But it seems every time someone breaks the law, politicians and pundits decide we need more laws, even though lack of laws was not the problem.

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Constitutional Hypocrisy

by Pudge

Today in the same breath someone, to me, attacked Bush for violating the Constitution, and not supporting Social Security enough.

Apart from the fact that the “raiding” of Social Security actually makes the S.S. Trust Fund more solvent and is a good investment (as it is guaranteed safe by the Constitution, and earns interest), and apart from the fact that Congress controls that more than Bush (and that it has continued under the Democrats) … there’s also the fact that Social Security is an unconstitutional violation of our rights, as per the Tenth Amendment.

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Federalism: The Great Lost Concept

A “must-read” over at RonPaul2008.com on the principles of state’s rights; the 10th Amendment. Here’s an excerpt:

We are working to overcome a hundred years of indoctrination and increased dependency. The Founders would be appalled that, almost 221 years since our Constitution was written, we are now having to re-explain what a Republic is and how it works.

Federalism is the great lost concept.

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Social Security and the 10th Amendment

Guest Commentary by David Smith

Let me ask you a couple of questions.  First, which demographic segment has the best voting record?  Meaning, of any age group, which group votes more regularly than any other?

Old people, right?  Retirees, seniors…old people.  No offense intended.

So if you wanted to propose a government entitlement program and your goal was to be elected to four terms in the White House, you would want to make the beneficiaries of this newly proposed program…old people, right?

Well if your name is Franklin Delano Roosevelt, that would be your proposal.

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