"When the federal government spends more each year than it collects in tax revenues, it has three choices: It can raise taxes, print money, or borrow money. While these actions may benefit politicians, all three options are bad for average Americans"

This quote by Ron Paul is describing the federal government's budget deficit. When the federal government spends more than it collects in taxes, it has 3 options to make up the distinction. It can raise taxes, which would put a burden typically Americans. It can print money, which would result in inflation and cheapen the currency. Or it can obtain cash, which would increase the national debt and need future generations to pay for the federal government's present costs. While these options may benefit political leaders in the short-term, they are all bad for average Americans in the long run.