Ron Paul on Debt Talks

[웃 910]

[luckytxn 2,265]

Bring the troops home from worldwide now.

[dalegg 143]

I hope the President and members of the Senate listen to Ron Paul a little bit- not because he's going to explain to them what our problems are or teach them anything- but because they need to understand what the opposition is that they are up against. There are lots of guys like Ron Paul that really don't want the debt ceiling raised, so trying to work with them on a compromised, or balanced solution to get there isn't gonna work. They don't want to get there in the first place.

[luckytxn 2,265]

I hope the President and members of the Senate listen to Ron Paul a little bit- not because he's going to explain to them what our problems are or teach them anything- but because they need to understand what the opposition is that they are up against. There are lots of guys like Ron Paul that really don't want the debt ceiling raised, so trying to work with them on a compromised, or balanced solution to get there isn't gonna work. They don't want to get there in the first place.

The compromise you speak of means that we get record deficits again and again. It is time to stop it.

[luckytxn 2,265]

Rep. Ron Paul (R-TX) explains why default by inflation is worse than default by not raising the debt ceiling.

Rep. Paul also talks about how the devaluing of the U.S. has led to record prices in gold bullion.

"Default is coming. The only argument that's going on now is how to default, not send the checks out or just print the money. In all countries our size, they always print the money," Paul said.

"They're going to raise the debt limit, and then they're going to print the money, and then they'll default by inflation, and that's much more dangerous than facing up to the facts of what's happening today."

[slim 1,533]

Simple math. It's really not that complicated. You can't spend money you don't have. No matter how you label it, you can't do it.

[luckytxn 2,265]

Simple math. It's really not that complicated. You can't spend money you don't have. No matter how you label it, you can't do it.

Well you can but for some reason it is expected to be paid back with interest.