Sunday, July 24, 2011

Ron Paul: "We Will Default Because The Debt Is Unsustainable"

It is really a sad uphill battle when Congress has to be told the solution to too much debt is NOT more debt. These people have been running Congress for too long and need to be replaced.

Bruce

'"When a country is indebted to the degree that we’re indebted, the country always defaults. We will default because the debt is unsustainable," Rep. Ron Paul (R-TX) said on the House floor today.

"If we don’t understand this, this default will not be because we don't send out the checks. We will send out the checks. It will be defaulted on because people will get their money back, or they will get their Social Security checks and it won't buy anything."'

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