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How should the United States deal with its growing debt problem? Ron Paul thinks declaring "bankruptcy" might be a good idea.
The Texas congressman and Republican presidential candidate was discussing Greece's fiscal trouble with Iowa radio host Jan Mickelson on Monday when he was asked, "If bankruptcy is the cure for Greece, is it also the cure for the United States?"
"Absolutely," Paul replied.
Of course, sovereign nations can't declare bankruptcy the same way a corporation might. Instead, the government would be unable to fulfill its obligations, and would stop making payments on its debt, resulting in a default....
Ron Paul is definitely well-spoken and would probably be a good president (with the right people in his cabinet, advising him). Certainly better than what we have now .
Jim's "Too Close to Kooky" article, though informative, read like a hit-piece. Especially that last line about Ron Paul being more qualified to lead The Branch Dividians than the Free World. That's pretty low.
I'm old enough to remember when Lydon Larouch ran for President. Compared to him Ron Paul looks and sounds pretty normal to me.
Ron Paul knows more about economics than any candidate running. As a matter of fact he is the only true patriot running. http://www.ronpaul2012podcast.com/2011/06/24/ron-paul-speaks-to-the-national-right-to-life-convention-6242011/