Ron Paul: Time to stop spending trillions on war
The Texas Representative argued in Monday's Republican presidential debate that, rather than eliminating programs like Social Security and prescription drug benefits for seniors, America could reduce trillions' worth of spending in conflicts abroad .
"I agree that Social Security is broke. We spent all the money and it's on its last legs unless we do something," Paul said, when asked if he thought Social Security was a "Ponzi scheme" - a phrase his GOP contender and fellow Texan Rick Perry has used to describe the entitlement program.Romney: Perry doesn't deserve credit for Texas job growth
Perry defends law allowing in-state tuition for undocumented immigrants
Bachmann blasts Perry for HPV vaccine mandate
Perry and Romney trade jabs on Social Security
But Paul stopped short of suggesting Social Security should be eliminated, noting instead that "One bill that I had in congress never got passed was to prevent the congress from spending any of that money on the wars and all the nonsense that we do around the world."
Indeed, when asked about repealing a prescription drug benefit plan for seniors, Paul said that despite his initial opposition to the plan, its repeal "sure wouldn't be on my high list" when there were cuts to be found elsewhere.
"We should never have started it; I voted against it," Paul said, of the program. "But that sure wouldn't be on my high list."
"I'd find a lot of cuts a lot of other places," he said. "As a matter of fact, on Social Security, it is already being reformed because the cost of living increases aren't there, so the value is going down. So no, there's places we should cut."
He continued: "I'm not sure I can get anybody to agree with me on this panel, but we spend $1.5 trillion overseas in wars that we don't need to be in and we need to cut there."Federal Reserve in bullseye at Tea Party debate
Tea Party audience gets into the GOP debate
Debate exchange offers window into larger question about role of health care
Popular in Politics
- Obama forgets to salute while boarding Marine One Play Video
- The Ted Cruz conundrum
- Petraeus biographer regrets affair
- As summer approaches, sequestration threatens holiday fun
- IRS' Lerner was asked to resign, refused: GOP Sen. 197 Comments
- GOP Rep.: Obama elected because of Reagan's immigration reforms
- Obama prom pictures surface
- Is President Obama ending the war on terror? 362 Comments