Ron Paul: U.S. Government Must Admit Bankruptcy and Stop Cheating People with Devalued Money

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01/05/2011

Ron Paul and Rand Paul discuss the debt ceiling with George Stephanopoulos.

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Category:

News & Politics

Tags:

• ron paul
• rand paul
• debt ceiling
• balanced budget
• congress
• senate
• politics
• news
• debt

[AtopaMesa]

Ron Paul is probably the only person I'll ever be trully thankful for his public service in my life. It's not an easy job to basically tell Americans that they have it all wrong, but the truth needs to be heard.

[SCLARK2112]

@0engima0 I'd rather have an "old" SMART Ron Paul than a young DUMB Obama.

[TWSceptic]

@tukkajumala Exactly!

[TWSceptic]

@H2J0E Look up "trade deficit", maybe you'll learn something.

[TWSceptic]

@H2J0E You are wrong, debt has never been higher. GDP doesn't mean anything, it includes everything including government spending, and borrowed money. Ron Paul understands economics perfectly, you on the other hand obviously don't.

[TWSceptic]

@SCLARK2112 Obama is not dumb, he is ignorant about what needs to be done. It's not the same.

[tukkajumala]

@H2J0E

Arguing in the internet is a lot like running in special olympics: even if you win, you're still a retard :)

US may well produce over 24% of world's GDP, but that doesn't mean you guys actually produce anything useful. If US produced 24% of world's food supply, industrial goods and other real items, then I'd agree on your 24% assumption.

But your 24% is just financial GDP and consumtion (debt), which means 0% positive output. You don't give the world anything, yet you take so much.

[H2J0E]

@ClockIsRunningOut LOL, back in college my debate coach taught that someone knows they are clearly loosing an argument when they resort to name calling. (or your dealing with a small child) Your level of maturity is not the only problem with your egregious statement though. It's quantitatively incorrect. While only 4.5% of the world population the US produces over 24% of worlds GDP. That is over 3 times greater than China, it's next closest competitor. Read, study and learn.

[ClockIsRunningOut]

@H2J0E You are beyond fucking deluded. In 2011 your country no longer produces anything worth shit. In 1946 you produced lots of shit. In 2011 your debt is in the dozens (actually, hundreds) of trillions, especially if you take future unfunded obligations into account. That was not the case in 1946.

And to top it all off, you're all fucking arrogant assholes who can't survive without credit and an unbacked dollar now. In other words, you're fucking bankrupt beyond belief. You lose. Next?

[H2J0E]

Ron Paul's integrity is truly inspiring. It's unfortunate that he doesn't understand economics. We are not bankrupt, we were much deeper in debt before. In 1946 the US was 117% of GDP in debt. Through a progressive tax structure we paid that debt down to only 24%!! (1979) (becoming the world's economic superpower along the way) 1980 gave us a new tax structure that redistributed the nations wealth to the top 1% and leaving the 99% of us owing 96% of GDP.

[tooproguy]

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