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Chris Wallace: You talk a lot about the Constitution. You say Social Security, Medicare, Medicaid are all unconstitutional.
Ron Paul: Technically, they are. … There’s no authority [in the Constitution]. Article I, Section 8 doesn’t say I can set up an insurance program for people. What part of the Constitution are you getting it from? The liberals are the ones who use this General Welfare Clause. … That is such an extreme liberal viewpoint that has been mistaught in our schools for so long and that’s what we have to reverse — that very notion that you’re presenting.
Chris Wallace: Congressman, it’s not just a liberal view. It was the decision of the Supreme Court in 1937 when they said that Social Security was constitutional under Article I, Section 8 of the Constitution.
Ron Paul: And the Constitution and the courts said slavery was legal, too, and we had to reverse that.”

  —Ron Paul
 Fox News Sunday, 15 May 2011

Tim Geithner: Debt Crisis Needs Stronger Efforts

WASHINGTON — Treasury Secretary Timothy Geithner wants faster and bolder action to deal with the European debt crisis, and he’s calling that crisis the most serious risk to the global economy.

Geithner tells leaders of the International Monetary Fund that without more decisive moves, there’s a risk of domino-style defaults by European countries.

He says critical decisions cannot wait until the crisis grows more severe.

Geithner has a specific request for the European Central Bank, which serves as the central bank for the 17 nations that use the euro currency. He wants the bank to make sure that countries that are pursuing credible reform programs have access to capital.

The treasury secretary spoke to the IMF on Saturday.

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