"It is nice to see serious debate about our debt crisis, I can support reported the deal to raise the debt ceiling. I have never voted to raise the ceiling debt, and I never will.
"This settlement will reportedly cut spending with only just over 900 billion dollars over a period of ten years. But we will have a $ 1.6 trillion deficit after only, which means that these meager cuts this year will do nothing to resolve our unsustainable spending problems.
"Indeed, this Bill will never balance the budget. Instead, it adds the untold trillions of dollars to our deficit. This implies also the cuts which are real cuts and not the same old Washington smoke and mirrors game by spending less than originally planned, so you can claim the difference as a "cut".
"The plan also calls for the formation of a deficit Commission, which will do nothing outside of Congress and the White House with another way to abdicate responsibility.
"In my many years of public service, commissions on everything from Social Security to energy policy has occurred, but not a solution has been produced by these commissions.
"By denying members the opportunity to offer amendments and only allow an up or down vote which will take place in the hectic period between Thanksgiving and Christmas, this Commission essentially depriving the vast majority of members from that meaningfully participate in the debate over to reduce spending and to balance the budget.
"In addition, despite claims by the bill's proponents, there is nothing to stop the Commission from recommending tax increases.
"One of the reasons why I humbly propose that I am the most qualified presidential candidate in my experience, see and understand the long track record of success, disappointments and bad advice from such commissions.
"Times like these require statesmanship and steady leadership, which I and the Grassroots activists who have joined my campaign, I think is unique qualified to provide.
"What should concern us most is that the scope of this debt ceiling circus, we learned from a one-time fee, recent GAO limited inspection to ensure that the Federal Reserve had secretly pumped $ 16 trillion in u.s. and foreign banks for three years. All the Fed fat cat cronies were taken care of at the expense of the American public.
"That perspective, our entire national debt is $ 14.5 trillion and our annual deficit will be about $ 1.6 trillion, which means that the Federal Reserve was created and set aside more than our entire national debt to banks around the world in a few years. We have fought in Congress these past few weeks that raise our debt ceiling by $ 2 trillion, an amount of Fed secretly gave away to only a large bank.
"For decades, politicians have promised future restraint in exchange for hikes in the debt limit. We are always told that we must act immediately to avoid a crisis. But time and time again, politicians turn out to be unreliable and we soon find ourselves in a crisis which is headed by the same fj?rrkontrollfunktion who only want to maintain the status quo.
"I believe in the great American traditions of free markets, sound money and personal freedom. But we are far away from what made us the largest nation in human history. We need to cut spending and balance our budget now, before it is too late.
"Let me be clear. The cuts, we will not be easy, and it will be difficult times in the short term. But I have the utmost confidence that if we come together as a people, work hard, and do the right things, our country will be back on track in no time and going to unprecedented prosperity. But if we continue to print money and pyramid of debt, we will destroy ourselves and lose the promise of America forever.
"These difficult times requires a President who is willing to stand against rampant spending. If elected, I will veto any spending bill that contributes to an unbalanced budget, and I will balance the budget during the first year of my term. I am not going to the Federal Reserve to destroy the value of our money by shoveling dollars in the pockets of their banker friends.
"I remain committed to working on the American people to drastically cut spending and implement fundamental changes which will reform the Government and restore our nation's prosperity."
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