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Ron Paul: …you have to develop the transition, and eventually the next step would be to prohibit the Fed from monetizing debt. This is the real evil. The politicians spend for war, welfare, and they don’t have to do it responsibly.
Question: When you say monetize the debt, you mean they would only be able to spend the cash that they had on hand. They couldn’t write any cheques for which they don’t have in their account any money?
Ron Paul: That’s right. And that is the key to it. Because when the Fed comes along, and there’s starvation for capital and liquidity, and politicians are spending too much, the Fed can create 20, 30, 50 billion dollars in a day, just like they did trying to bail out this housing bubble crash. So they create money out of thin air endlessly, eventually that has to stop because that drives the value of the dollar down.”

  —Ron Paul
 Fox Business Network, October 16, 2007

Arizona Special Election 2012: Jan Brewer Orders Special Election For Jun 12 To Fill Gabrielle Giffords’ Congressional Seat

s ARIZONA SPECIAL ELECTION 2012 large300 Arizona Special Election 2012: Jan Brewer Orders Special Election For June 12 To Fill Gabrielle Giffords Congressional Seat

reuters logo Arizona Special Election 2012: Jan Brewer Orders Special Election For June 12 To Fill Gabrielle Giffords Congressional Seat

PHOENIX, Jan 27 (Reuters) – Arizona Governor Jan Brewer on Friday systematic a special ubiquitous election to be hold on Jun 12 to fill a congressional chair vacated by Tucson Democrat Gabrielle Giffords, who quiescent to focus on recuperating from her gunshot wound of final year.
The Republican administrator also set an Apr 17 primary to select a possibilities who will strive to reinstate Giffords in what has valid to be a rarely rival district in southern Arizona. (Reporting by David Schwartz; Writing by Steve Gorman; Editing by Paul Thomasch)

Copyright 2012 Thomson Reuters. Click for Restrictions.

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