July 14, 2008

Inside the Beltway


That was Texas congressman and 2008 Republican presidential candidate Rep. Ron Paul scaring the britches off everybody in the House last week when expressing "grave concern" for America's future.

"I have days, growing more frequent all the time, when I'm convinced the time is now upon us that some big events are about to occur," he began. "These fast-approaching events … will affect all of us. They will not be limited to just some areas of our country. The world economy and political system will share in the chaos about to be unleashed."

Mr. Paul warned of an "indeed frightening and an historic event," one that "may even be worse than I first thought … now at our doorstep."

"There are reasons to believe this coming crisis is different and bigger than the world has ever experienced," he said. "The financial crisis, still in its early stages, is apparent to everyone: gasoline prices over $4 a gallon; skyrocketing education and medical-care costs; the collapse of the housing bubble; the bursting of the NASDAQ bubble; stock markets plunging; unemployment rising; massive underemployment; excessive government debt; and unmanageable personal debt...

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