A New American Revolution – Part III

Part III talks about Ron Paul’s Prescription for Prosperity. If this man ever did make it into the white house, I’m afraid he wouldn’t last long, nor would anyone else thinking like him. And how scary is it to think that way in a country that boasts and brags about Freedom and Liberty?

PART 3 of 3

By Jon Christian Ryter

March 23, 2008


The Ron Paul Prescription for Prosperity encompasses the following: Phase one: tax reform. Reduce the tax burden on the American people by eliminating taxes that punish investment and savings. This includes job-killing corporate taxes. Eliminate taxes on dividends and savings. The basis of capitalism is saving. Americans who have learned how to put a nest egg away should not be penalized for doing so. First on a litany of programs is House Joint Resolution 23 that will reward saving over consumption. Also needed is making the Bush-43 tax cuts permanent. Even more, cutting taxes on working senior citizens is imperative. Elderly people who are forced to work to survive should be allowed to keep all of the money they earn. We should eliminate taxes on Social Security benefits. Congress needs to enact HR 191 and HR 192. These bills will amend the Internal Revenue Code of 1986 to repeal the inclusion in gross income of Social Security benefits and they will repeal the 1993 increases in taxes on Social Security benefits enacted by the co-presidency of Bill and Hillary Clinton.

Phase Two: spending reform. Freeze non-defense, non-entitlement spending at their current levels. Pork-laden bills should never clear Congress. Since the federal courts have ruled that the President cannot exercise the line item veto enacted and signed into law by former President Bill Clinton, pork bills have to be stopped in Congress. The United States can no longer afford to subsidize our trading partners in Europe, Asia—and in the western hemisphere because what this nation is doing is funding the unfair competition that is eroding our job base at home. Further, in a world we can reach within hours, it makes little sense to deploy half of this nation’s military to permanent bases around the world. The war in Korea ended in 1953, yet 55 years later, our troops are still there. When Bill Clinton sent US troops to Bosnia in 1993 he assured the American people they would be home by Christmas. That war ended in 1995. Thirteen years later, American troops are still there. World War II ended in 1945, yet American troops are still deployed in the former battle zones in both Europe and Asia—65 years after the last cannons were fired. Add to that the costs of the military bases which are funded entirely by the taxpayers of the United States and we have to ask ourselves why the United States is footing the bill for former military allies who have become economic adversaries eager for the economic downfall of the United States?

Phase Three: monetary policy reform. Expand transparency and accountability at the Federal Reserve. Force the Fed to televise Federal Open Market Committee meetings just as the business of Congress is now televised, and force the Fed’s Board of Governors to continue to make available, to the public, a weekly report on the measure of the M3 monetary aggregate and its components. The Prescription for Prosperity calls for Congress to return value to our monetary system, end the fiat system by legalizing gold and silver as a competing currency to paper money. (While it is not a facet of the Prescription for Prosperity, written into law must be a clause which stipulates that fiat debt incurred by nations not on the gold standard will always be repaid with balance of trade credits and not dollars—or bullion. Countries which are not on the gold standard have no right to expect their balance of trade payments to be rendered in gold, or that loans or grants from the United States be paid to them in gold or silver. Historically, the drains on the gold and silver reserves in the United States were perpetuated by bankers and industrialists in Europe who invested fiat capital in the United States and withdrew gold. In the end, the gold and silver that had been in the nations vaults ended up in the banks of the wealthy elite who stole the gold and gave us debt scrip in place of it.)

Phase Four: regulatory reform. In 2002, in the aftermath of a myriad of corporate scandals that brought down such industry giants as Enron, Tyco, MCI-Worldcom and Peregrine Systems and cost individual investors and pension plans hundreds of billions of dollars Congress passed the Public Company Accounting and Reform Investor Protection Act of 2002, more commonly known as the Sarbanes-Oxley Act of 2002, or as its known on the Hill, Sarbox or SOX.

Ron Paul’s Prescription for Prosperity caught fire with diehard supporters who have discovered a vision of hope in the notion that there is life after death. That hope has converted the Ron Paul Revolution into a new nationwide conservative revolution that could propel Dr. Paul into the role of Speaker of the House if this movement can become the groundswell it could, and should, be. America needs an honest man leading the US Congress. America needs a 21st century version of Mr. Smith Goes to Washington. Ron Paul fits the bill.


Here are some links to some of the things mentioned in the article:

Ron Paul’s Prescription For Prosperity
House Joint Resolution 23

Senior Citizens Tax Elimination H.R. 191

Social Security Beneficiary Tax Reduction Act H.R. 192

Tax Free Tips Act of 2007

Mortgage Cancellation Relief Act: House Bill; Senate Bill

Federal Open Market Committee

Some Quotes from James Madison:

A popular government without popular information or the means of acquiring it is but a prologue to a farce or a tragedy, or perhaps both. Knowledge will forever govern ignorance: And a people who mean to be their own Governors, must arm themselves with the power which knowledge gives.

History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling the money and its issuance.

The right of the people to keep and bear arms shall not be infringed; a well armed and well regulated militia being the best security of a free country; but no person religiously scrupulous of bearing arms shall be compelled to render military service in person.

Since the general civilization of mankind, I believe there are more instances of the abridgment of freedoms of the people by gradual and silent encroachment of those in power than by violent and sudden usurpations.

It will be of little avail to the people, that the laws are made by men of their own choice, if the laws be so voluminous that they cannot be read, or so incoherent that they cannot be understood; if they be repealed or revised before they are promulgated, or undergo such incessant changes that no man, who knows what the law is today, can guess what it will be tomorrow. Law is defined to be a rule of action; but how can that be a rule, which is little known, and less fixed?


~ by swfreedomlover on March 25, 2008.

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