With just 5 days needed for the Texas secession petition to surpass 100,000 signatories, all is not well with the Union...
... actually, not only are things not well with the Union, things are getting worse by the minute, as American society splinters into diametrical opposites to a degree not seen in decades, a process which in itself virtually assures there will be no cliff compromise before the opportunity cost of ending the stand off becomes far too great. And with the option of the Mr. Chairman "getting to work" to fix things, one wonders - is even the market a motivating enough factor given a 20, 30 or even 50% drop in the rearview mirror: after all as the Fed has demonstrated, there is no need for a fiscal compromise to get the S&P to just shy of all time highs. Certainly, even America's politicians are very much aware of this by now (of course, this assumes that Bernanke is still in charge of the market: something we have claimed for two months is very much in question).
Regardless, with the topic of secession on everybody's lips, here is what none other than Ron Paul has said about this suddenly very volatile issue.
[Transcript]
Ron Paul: This weekend I got a couple of calls from the media asking me questions about Rick Perry, our governor here in Texas and the statements he made about possible secession....
This weekend I got a couple of calls from the media asking me questions about Rick Perry, our governor here in Texas and the statements he made about possible secession. Now, he didn’t call for secession, but he was restating a principle that was long held and at least in the original time of our country, and that is that there was a right to secession.
Actually, after the Civil War, nobody believes there is a so-called right to secession, but it is a very legitimate issue to debate because all of the states that came into the Union before the Civil War believed they have a right to secede and New England in the early part of the 19th century actually considered it, and nobody questioned them about whether they had the right to do it or not.
Since the Civil War, it’s been sort of a dead issue, but he brought it up. It stirred the media and believe me, it really stirred some of the liberal media where they started really screaming about what is going on here. “This is un-American”, I heard one individual say, “This is treasonous to even talk about it.”
Well, they don’t know their history very well because if they think about it, it’s an American tradition. It’s very American to talk about secession. That’s how we came into being. Thirteen colonies seceded from the British and established a new country, so secession is very much an American principle.
What about all the strong endorsements we have given over the past decade or two of those republics that seceded from the Soviet system? We were delighted with this. We never said, “Oh no. Secession is treasonous”.
No. Secession is a good principle. Just think of the benefits that would have come over these last 230-some years if the principle of secession had existed. That means the federal government would always have been restrained, not to overburden the states with too much federalism, too many federal rules and regulations.
But since that was all wiped out with the Civil War, the federal government has grown by leaps and bounds and we have suffered the consequences, and we need to reconsider this. It’s not un-American to think about the possibility of secession. This is something that’s voluntary. We came together voluntarily. A free society means you can dissolve it voluntarily. That was the whole issue was about...
Continued at:
http://www.zerohedge.com/news/2012-11-14/over-100000-supporting-texas-secession-...
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