Most Republicans endorsed this view in order to achieve victories at the polls. Limiting government power and size with less spending and a balanced budget as the goal used to be a “traditional” Republican value. This is what Goldwater and Reagan talked about. That is what the Contract with America stood for.

The opportunity finally came in 2000 to do something about the cancerous growth of government. This clear message led to the Republican success at the polls.

Once the Republicans were in power, though, the promises faded, and all policies were directed at maintaining or increasing power by trying to whittle away at Democratic strength by acting like big-spending Democrats.

The Republican Congress never once stood up against the Bush/Rove machine that demanded support for unconstitutional wars, attacks on civil liberties here at home, and an economic policy based on more spending, more debt, and more inflation — while constantly preaching the flawed doctrine that deficits don’t matter as long as taxes aren’t raised.

But what the Republican leadership didn’t realize was that ALL spending is a tax on middle-class Americans through price inflation and that eventually the inevitable consequence is paying for the extravagance with a financial crisis.

Party leaders concentrated only on political tricks in order to maintain power and neglected the limited-government principles on which they were elected. The only solution for this is for Republicans to once again reassess their core beliefs and show how the country (not the party) can be put back on the right track. The problem, though, is regaining credibility.

After eight years of perpetual (and unnecessary and unconstitutional) war, persistent and expanded attacks on our privacy, runaway deficits, and now nationalization of the financial system, Republicans are going to have a tough time regaining the confidence of the American people. But that’s what must be done.”
-Ron Paul