Rand Paul: “A casual analysis of the world economy shows it rapidly deteriorating into recession, with a possible depression on the…”

“A casual analysis of the world economy shows it rapidly deteriorating into recession, with a possible depression on the horizon. Unemployment is sharply rising with price inflation rampant, despite official government inflationary reports. The world's stock markets continue to collapse, even after trillions of dollars in losses have been recorded in the past 2 years. These losses already have set historic records. With government revenues shrinking at all levels, we find deficits exploding. Our national debt is currently rising at a $450 billion per year. Confidence in corporate America has shrunk to levels usually reserved for governments alone. Government spending in all areas is skyrocketing, much of it out of the control of the politicians, who show little concern. Yet we are expected to believe our government leaders who say that we are experiencing a recovery and that a return to grand prosperity is just around the corner. The absence of capital formation, savings and corporate profits are totally ignored. Evidence abounds that our $350 billion DOD budget and the $40 billion spent on intelligence gathering and our immigration policies have failed miserably in protecting our homeland. In spite of the rhetoric and new legislation attacking our civil liberties, we are as vulnerable to outside attack as before.”