Ron Paul’s Congressional Farewell Speech

On November the 14th, Ron Paul delivered what may well be his last speech on the House floor. Off and on over the last 36 years he has served 23 years in office, frequently as the lone voice of constitutional and economic liberty.

His service, principles, and this speech are likely to be remembered as prophetic, like many of his earlier predictions, as our country heads down the path of increasing statism, collectivism, and economic crisis.

Below the video are a few excerpts of his 49-minute speech to give you a taste. The full transcript can be found at the Daily Paul.

May God Bless Dr. Paul – thank you for trying to lead us back to the Founders’ vision via common sense.

A grand, but never mentioned, bipartisan agreement allows for the well-kept secret that keeps the spending going. One side doesn’t give up one penny on military spending, the other side doesn’t give up one penny on welfare spending, while both sides support the bailouts and subsidies for the banking and corporate elite. And the spending continues as the economy weakens and the downward spiral continues. As the government continues fiddling around, our liberties and our wealth burn in the flames of a foreign policy that makes us less safe.

The major stumbling block to real change in Washington is the total resistance to admitting that the country is broke. This has made compromising, just to agree to increase spending, inevitable since neither side has any intention of cutting spending.

The country and the Congress will remain divisive since there’s no “loot left to divvy up.”

Without this recognition the spenders in Washington will continue the march toward a fiscal cliff much bigger than the one anticipated this coming January.

I have thought a lot about why those of us who believe in liberty, as a solution, have done so poorly in convincing others of its benefits. If liberty is what we claim it is- the principle that protects all personal, social and economic decisions necessary for maximum prosperity and the best chance for peace- it should be an easy sell. Yet, history has shown that the masses have been quite receptive to the promises of authoritarians which are rarely if ever fulfilled.

The wealth that we enjoyed and seemed to be endless, allowed concern for the principle of a free society to be neglected. As long as most people believed the material abundance would last forever, worrying about protecting a competitive productive economy and individual liberty seemed unnecessary.

If it’s not accepted that big government, fiat money, ignoring liberty, central economic planning, welfarism, and warfarism caused our crisis we can expect a continuous and dangerous march toward corporatism and even fascism with even more loss of our liberties. Prosperity for a large middle class though will become an abstract dream.

Productivity and creativity are the true source of personal satisfaction. Freedom, and not dependency, provides the environment needed to achieve these goals. Government cannot do this for us; it only gets in the way. When the government gets involved, the goal becomes a bailout or a subsidy and these cannot provide a sense of personal achievement.

Achieving legislative power and political influence should not be our goal. Most of the change, if it is to come, will not come from the politicians, but rather from individuals, family, friends, intellectual leaders and our religious institutions. The solution can only come from rejecting the use of coercion, compulsion, government commands, and aggressive force, to mold social and economic behavior. Without accepting these restraints, inevitably the consensus will be to allow the government to mandate economic equality and obedience to the politicians who gain power and promote an environment that smothers the freedoms of everyone. It is then that the responsible individuals who seek excellence and self-esteem by being self-reliant and productive, become the true victims.

The Crisis is Here

Viewing and sharing this masterpiece of economic education is perhaps the most important use of 41 minutes for our citizens in a long time. Peter Schiff delivers a chilling speech at the Mises Circle in Manhattan. “The Fiscal Cliff: How to Spot the Edge” is an easy-to-follow wake-up call about the severity of our economic crisis. The Fed is out of nails to hammer. Bernanke has painted us in the corner and there are two ways out: default or hyperinflation.