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

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

"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."

Category:

News & Politics

Tags:

• ron paul
• debt ceiling
• obamanomics
• pyramid scheme
• default
• economy
• 2012
• candidate
• tea party
• rand paul
• constitution

[wayzup]

This man should be our President.

[marcusmorf]

FUCKING RON PAUL FOR PRESIDENT!!!

that sent chills down my spine... I have never heard anyone tell it like it is - Full Discloser!, and the speaker couldn't wait to thrown down his mallet. LMFAO!!!

[lukealization]

I'm a democrat. In my opinion, the republican party has become radicalized by a very small group of well-funded, loud, extremist people with ridiculous views. Romney, Gingrich & Santorum pander to these people.

Ron Paul is the only nominee who actually makes sense. That is why I give my full support to Ron Paul in 2012. Thank you.

[petermello55]

Ron Paul 2012

[RealityPrepper2012]

1st time I will vote in my life & it will be for Ron Paul !

[imjsutthatguy]

Ron Paul a pioneer of common sense. Even a layman of average intelligence like myself can understand that debt is the problem and adding more debt is not a solution to debt. Common sense is a sense that aint to common obviously cause if it was our country wouldnt be in the shitter.

[TheMadCrumpet]

@CitizenNumber Yep. A fear Monger just like the idiots that were trying to speak out prior to the demise of Rome. I would like to know how his economics are wrong. I'm assuming you're and idiot college grad that sees the world as a blissful economic wonder... Whilst your economic views have nearly brought and end to the Euro, and the demise of the US economy. Debt is a devil and your solution to the problem is more debt.

[TheMadCrumpet]

@mikemontagne So obviously you are no advocate for a gold standard, which mean you don't advocate a sustainable economy. All you care for us the money machines that give congress an incentive to blow money on welfare and warfare. The more money a country has circulating doesn't help the economy at all. Zimbabwe should have taught you this.

[ScotsmanTillDeath]

That thumbnail akes him look like the leader of Belarus...

[shingnosis]

Every single word true.

[Farina63]

It's a shame that just because he is as old as he is, that he won't get elected!

[mikemontagne]

What he means is the debt is "insoluble." Mathematically Perfected Economy™ alone solves the problems. He neither articulates the problem, or its solution. He mis-states history - purposely - a circulation of $266 per capita can't possibly sustain vital industry and commerce. We don't suffer inflation; we suffer deflation; and the cause of price inflation is interest -- which Mr. Paul and his pretended Austrian Economists actually advocate. The Fed is interest. Preserving interest ends nothing.