Coolidge “moneybomb” fundraiser for Ron Paul

Candidate Ron Paul

In what may be the first explicit invocation of Calvin Coolidge in the current presidential campaign, supporters of the Ron Paul presidential campaign are using a familiar clip of the 30th president speaking on taxes and a second clip that clearly and correctly describes the Coolidge views on taxation and foreign policy, to kick off a one-week grassroots “moneybomb” fund raiser to raise funds in advance of the Iowa caucuses on Aug. 13. And whether or not you agree with part or all of Congressman Paul’s views and statements (and for the record, I do agree with a lot of what he’s been consistently saying), I think it’s appropriate for him to point out Coolidge as a paragon of the virtues sorely needed in U.S. politics today. One might add that it also is appropriate because Ron Paul has been fighting the Fed for a long time – and it was the Fed’s mismanagement that may have been to blame at least in part for the severity of the Great Depression, which has been unfairly sullying the reputation of president Coolidge.

Full text of the fundraising message here:

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Cut defense spending? What Would Coolidge Do?

While the new Congress brings in a group of conservative freshmen (and -women), they seem to remain conflicted as to whether the military should be included in spending cuts of any significance, renewing the tug-of-war between fiscal conservatives and defense hawks. Writing on reason.com last November, Peter Suderman noted that while many conservative individuals and organizations (such as Coolidge fan Sarah Palin, AEI and the Heritage Foundation) stood squarely against military spending cuts,  Ron and Rand Paul, both early advocates for cutting defense, were being joined by other Republican notables such as Indiana Governor Mitch Daniels, Sen. Tom Coburn and Sen.-elect Pat Toomey.

For what it’s worth -and notwithstanding the completely different scenario the U.S. finds itself in today vs. the 1920s- it should be very clear that if Calvin Coolidge were in the White House today, and faced with the present budget crisis, he would not hesitate to cut, squeeze and trim the military budget just like any other part of the bloated federal government.

Here’s an extended quote from his address at the 12th seminannual meeting of the Business Organization of the Government, given January 29th, 1927:

The public debt has a direct connection with the question of military preparedness. To the extent that we are able to reduce our public debt and to eliminate the vast charges of interest thereon, to that extent are we adding to our military preparedness [emphasis added] (…).

(…)Aside from the many and other more important reasons, we should, from a financial standpoint alone, refrain from any gesture which could possibly be construed as militaristic. There are in the nation people who advocate policies which would place us in a militaristic attitude. There are others who beguile themselves with a feeling of absolute safety and preach a doctrine of extreme pacifism. Both of these are dangerous to our continued peace and prosperity. What we need, and all that we need, for national protection is adequate preparedness. (…)

I am for adequate military preparedness. It is a question to which I always give the most serious thought in my recommendations to the Congress in the budget message. As Commander in Chief of the Army and of the Navy, the Chief Executive of this nation has an emphatic responsibility for this phase of our welfare. As a nation we are advocates of peace. Not only should we refrain from any act which might be construed as calling for competition in armament, but rather should we bend our every effort to eliminate forever any such competition. (…) Surely the best interests of all are found in directing to the channels of public welfare moneys which would otherwise be spent without reproductive results.”

Again, it goes without saying that times are vastly different today. The 1920s were the aftermath of the most disastrous military conflagration the world had seen up to that time, most potential rivals and foes were in disastrous shape economically and militarily, and thus calls for disarmament were mostly favorably received by the public.The U.S. faces a much more diverse and robust array of potential rivals, though few actual enemies.

But it is my conviction that Calvin Coolidge would be just as appalled by the iron grip of the “military-industrial complex” (as decried by president Eisenhower in his farewell address) on the nation’s treasury as he would be by the ballooning budget deficit. Given his laser-like focus on constructive economy in government, it is inconceivable that he would leave the military budget untouched. His priorities were clear: budget consolidation first, military spending second. In fact, many years before Eisenhower’s famous remarks, Coolidge expressed his view of the inordinate sway of the military over the budget in a newspaper column on May 11, 1931:

Some years ago careful investigations were made by General Lord, Director of the Budget, in an attempt to stabilize military expenses at about half a billion dollars.  So much opposition arose in the Congress that little progress was made. The Army and Navy now cost about seven hundred and twenty-five millions. Instead of a reduction there has been a rather steady increase in appropriations. The interests involved have become firmly intrenched in Washington.