(JOINED IN PROGRESS)
PAUL: … next year the 100th anniversary of the Federal Reserve by repealing the Federal Reserve Act. (APPLAUSE)
AUDIENCE: End the Fed! End the Fed! End the Fed! End the Fed! End the Fed! End the Fed! End the Fed!
PAUL: But a lot has happened in the last four years. These problems have been going on for a long time. It’d be nice if we could blame one person or one administration, but it’s been going on a long time, so — so many young people here, I think you’re realizing you’re getting a bad rap for what you’re inheriting. You’d like a much better deal. And the deal — the better deal can be found in less government and only sending people to Washington who have actually read the Constitution and will obey the Constitution and take their oath of office seriously…
… which would be — which would do so many wonderful things for us. Take, for instance, if you’re tired of the wars — I hope you’re sick and tired of the wars that we’re involved in…
… what if we had the return to the Constitution. The founders made sure in the document in the Constitution that the wars would only occur not by the executive branch, but only by the people, through their representatives in Congress. That’s the way all wars should be declared. If necessary, they should be declared, won, and get them over with, and come home. That’s the way it was supposed to be done.
But since — since World War II, we have gone to war without a declaration. And for that reason, we essentially have not won one of those wars. It has added a lot of tragedy.
PAUL: Just in these past 10 years, these wars that we’re fighting in the Middle East, over 8,500 Americans have died, 44,000 have come back with serious injuries — and amputations and all kinds of problems — hundreds of thousands looking for help because of post- traumatic stress syndrome, at the same time, economically it’s been very damaging. It has added $4 trillion to our national debt. That is what you’re inheriting. This is the reason why it is so important, if you’re talking about peace and prosperity, you have to change the Constitution and have a lot less war and make a lot more sincere effort to promote the cause of peace.
But this has been going on for a long time, and both administrations have been doing this, and this is the reason that the message of liberty actually brings people together, because individuals see that the parties aren’t doing a very good job. You elect one party to cut the spending; they raise the debt and the spending, as well. Another party is supposed to do the job; they go in and nothing changes.
So if you look at the candidates today, there is very little difference, except for one.
The rest — the rest of the candidates support the status quo. Foreign policies never change. Monetary policy doesn’t change. There’s no challenge to the Federal Reserve system. And most of all, there’s no — no desire to protect personal liberty, personal privacy, protect us from the intrusiveness of the federal government, to protect your right to use — to use the Internet.
These are the kinds of things that are so important to so many people. And, unfortunately, that is not offered. I believe it is the offering up of a program that — that emphasizes personal liberty, the Constitution, sound monetary policy, and a sensible foreign policy is the reason the momentum is building and the reason why we’re getting such a great reception here in North Dakota.
By Kenneth W. Smith Jr. | 10:21 PM ET, 03/06/2012