What we need is competition and a chance for people to opt out of the system. You talk about opting out of ObamaCare? Why can’t we opt out of the whole system and take care of ourselves? — Rep. Ron Paul (R-TX) That’s a great question that I’ve wondered about for many years. For example, why can’t people opt out of Social Security? It seems to be in pretty bad shape. Why can’t I say to the government, “Do not take any Social Security deductions from my income. Let me keep all that money, and when I retire, you owe me nothing.” Why is that not an option? You might say, “Because you’ll screw it up. You’ll spend all the money now, and when you’re too old to work, you won’t have anything in the bank.” Why is that your problem? Read more →
EppsNet Archive: Ron Paul
No One Listened
Today, I will introduce the Free Housing Market Enhancement Act, which removes government subsidies from the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac), and the National Home Loan Bank Board. . . . Congress should act to remove taxpayer support from the housing GSEs before the bubble bursts and taxpayers are once again forced to bail out investors who were misled by foolish government interference in the market. — Ron Paul, 2003 [HT: Steven Landsburg] Read more →