 Quote by FlexGunship
Okay, I've been following without contributing, but I just want to add a general note:
The president does not create legislature nor dictate public policy. He can merely set goals and act as a spokesperson for the country.
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Neither Congress nor the President can dictate policy, unless ...
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The idea that "President Paul" could ACTUALLY end foreign aid to other countries is absurd. It wouldn't happen. Instead, you would have a push by Paul to cut foreign aid where it is least useful or most wasteful.
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Unless they are willing to go to the mat and shut the government down. In such a case of course a President Paul could end all foreign aid, or any other positive action of the government by simply vetoing the aggregated appropriation bill until he gets what he wants. I submit there is little question Paul would close the government as long as necessary to get his promised ~$1T cuts. Some years into his term a Congress could beat him up enough politically to override, but any negative action of a recently elected President is politically impossible to overcome. So I'll completely reverse this one assertion and say that if a President Paul is elected it is guaranteed that much
government based foreign aid ends.
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The idea that "President Paul" could ACTUALLY close down the Federal Reserve and return the country to the gold standard is absurd. It wouldn't happen. Instead, you would have a push to reduce the minting of fiat currency. Further, you'd likely see less reliance on the Federal Reserve to muck-about with the economy (for better or for worse).
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I don't know. Of course the President can not unilaterally overturn the Federal Reserve Act. He requires positive action by the Congress, new legislation to do that. He does however have the power to appoint Fed Chairmen, so he could certainly appoint someone that will pursue only tight money policy, open the Fed books to auditing, etc, somebody like
Jim Grant. The appointment is subject to Senate approval, but again for a newly elected P. he will get his way for awhile, and even if not, as the current President has demonstrated, he can do rolling recess appointments.
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The idea that "President Paul" could ACTUALLY remove capital gains taxes and dividend taxes is absurd. It wouldn't happen. Instead, you would see a push to lower those taxes. The benefit of which would be felt by all (I would love to sell off my investments without automatically accumulating a loss).
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A newly elected President might push that through the Senate, as there is already substantial agreement. The usual defense of catering to the rich won't stick to a President Paul.