Ron Paul: U.S. Government Is Bankrupt; Default Will Come through Inflation


Anderson Cooper: I spoke to him just a few moments ago. So, Congressman, you’re not willing to support the Boehner Bill at this point, why?

Ron Paul: Well, it raises the debt limit, and I’ve made too many promises I wouldn’t raise the debt limit. I’ve never voted for the appropriation bills, and I’ve been worried about our spending for many, many years, if not decades, so I think it would only encourage people to spend more money. If debt is the problem, raising the debt limit by 2.4 billion dollars, I don’t see how it can be a solution.

Anderson Cooper: You talk about the principles behind your not supporting it. Is part of your thinking, though, also politics and what happens to the bill in the Senate and what happens after that?

Ron Paul: No, I think that’s sort of not much of my concern, that’s what most of what’s going on here is all the politics. I’ve heard that they already know what will finally come out of this, but they have to go up to the last minute to see who gets blamed for whatever and see who can get the best edge. But I think the leaders have more or less agreed on something to raise the debt limit.

Anderson Cooper: Do you think regardless of what you vote, regardless of whether or not the Boehner bill moves forward tonight, that the debt limit will still be raised?

Ron Paul: Yes, one way or the other, yes. They’re going to raise it, they will not default by not paying the bills. Governments our size and in this much debt always default in a different manner. The default has to come, but they’ll default by paying the bills off with bad money. So we’re constantly defaulting and we’ve done this over many, many years.

Anderson Cooper: You talk about the politics that are happening among other people on Capitol Hill right now. For folks who are watching at home, they see this, a lot of people see this as just pure politics going back and forth. Can you explain? I mean, what is happening there right now, what are the politics behind all this?

Ron Paul: Well, I’m not an insider, I don’t know the exact details.

Anderson Cooper: You’re a Congressman, though, you’re pretty much an insider, aren’t you?

Ron Paul: Yeah, but I’m not in John Boehner’s office, he doesn’t ask me my opinion. But what my opinion is, is that they’re trying to find out who’s going to get blamed and who’s going to get credit because they know they have to achieve something.

Anderson Cooper: What do you make of what’s going on with the GOP, though? What does it say about John Boehner, the Speaker of the House? I mean, who’s in charge of the Republican Party, if Boehner, the Speaker of the House, can’t wrangle his own members?

Ron Paul: Well, I think he has a tough job. He has a lot of new members, so even though I disagree with his answers and his programs, I sort of have a bit of sympathy for him for trying to put it all together and get something passed. But just think of what happened to Paul Ryan, he made a proposal and he got bashed pretty badly. So Boehner still has to put up with the Senate and the President, it goes back and forth. In many ways it’s just a power struggle; who’s going to end up with the power in government and who’s going to get blamed. So that’s what I see going on.

But I think Speaker Boehner, under the circumstances, is probably honestly trying to solve this problem, but it’s an insolvable problem because we’re bankrupt. Nobody wants to admit the real problem: we’re bankrupt, and we can’t continue spending and even these temporary proposals won’t address the subject, that we will default. We won’t default by not paying the bills, we will default by more inflation, and that is a serious problem.

Anderson Cooper: I want to play something that I know you’ve heard, I’m sure you’ve heard, John McCain speaking on the floor yesterday. Let’s just play that for our viewers.

John McCain: Republican House has failed to raise the debt ceiling but somehow escaped all the blame. Then Democrats would have no choice but to pass a balanced budget amendment and reform entitlements, and the Tea Party hobbits could return to Middle Earth having defeated Murdor. This is the kind of crack political thinking that turned Sharron Angle and Christine O’Donnell into GOP Senate nominees.

Anderson Cooper: He was reading, obviously, from a Wall Street Journal editorial though, but pretty harsh words about the influence of the Tea Party, the effects of the Tea Party right now on this debate. What do you make of what he said?

Ron Paul: He sounds angry. I’m pretty upset and I haven’t had the philosophy of sound money and personal liberty that I desire. But I hope I don’t sound that angry, because I think that we have to change people’s ideas and change people’s attitudes about government and find out what the role of government ought to be. See, nobody talks about… in the midst of all this, we should be talking about why we can’t be the policeman of the world, and why the entitlement system has to be totally revamped.

Anderson Cooper: Do you think the impact of these new members, these Tea Party Members, ideologically you were out in front of a lot of these folks. Do you think it’s been a good influence right now, do you think it is a good positive effect of what’s happening right now? This dissension within the Republican Party, do you think it’s ultimately a good thing?

Ron Paul: Yeah, I think so because it calls attention to our problems. I just hope we can follow through with the right answers. If it’s all anger and screaming and blaming, it won’t work. But if it comes to the conclusion that I’ve come to a long time ago, that we have to change our attitude about what the role of government is, and maybe we ought to just follow the Constitution, because that gives us a pretty good guideline. But we don’t do that. But I think the subject that the younger members bring up, and the pressure is put on dealing with this subject, I think it’s very good because it brings us closer to the day when we decide the real issues.

Anderson Cooper: Congressman Ron Paul, I appreciate your time, thank you.

Ron Paul: Okay, Anderson.


  • trexx32

    Anderson Cooper is completely brain dead

  • Avaindiana

    thanks for keeping us informed

  • alice01be

    Someone here mentioned that Ron Paul looked really tired during this interview and rightly so.He is the hardest working congressman in town and must get tired of the profuse of BS that flows in from every corner, not to mention these bonehead interviews. But no worries; when you can go to bed with such a clean conscious, as he must have, your sleep is deep and rejuvenating

  • Eels88ya

    AnusSon Pooper needs the shit slapped out of him. Oh yeah, and McCain too.

    Ron Paul 2012

  • stlouis8

    As much as American’s don’t like to admit it, cutting spending isn’t enough. Taxes need to be raised in conjunction with spending cuts in order to get back into the black.

  • Higgs666

    McCain thinks the Tea Party’s goal is to get bragging rights for giving a major party a black eye. They still haven’t figured out that we want the country back and probably won’t stop until we get it. I may see another civil war in my life.

  • calmingspeed

    youtube isn’t giving the total views on Ron Pauls vids. It doesn’t change because they are in the zionists pockets. Bastards. Ron Paul for pres.

  • I beg to differ. Its growing much faster than you think, and its following consists of some of the most highly intelligent individuals in this country. You can add the IQ’s of both the neo-cons and neo-dems together and their IQ still wouldn’t be as high as the libertarians. Sorry but if you don’t want the smartest individuals running the country…well then you are simply a moron.

  • I beg to differ. Its growing much faster than you think, and its following consists of some of the most highly intelligent individuals in this country. You can add the IQ’s of both the neo-cons and neo-dems together and their IQ still wouldn’t be as high as the libertarians. Sorry but if you don’t want the smartest individuals running the country…well then you are simply a moron.

  • disclosurenow9

    Problem is that there are no depths of dirtiness and deceipt that obumbo will not stoop to while Dr. Paul is an honorable man. Obumass will take your job or throw you in jail if you speak out against him. He has a very large following of peabrained zombies who would have died before age 5 from weakness and stupidity if not for medical science.

  • disclosurenow9

    It’s the Boner Bill you Bonehead. Ron Paul really deals with the condescending NWO controlled media well, better than I would. I hope he jumps on the anti-war issue. I think it could be the key to the next election. Show the obumbo dicktator for the compulsive liar and egomanical hypocrite that he is.

  • noado51

    The TEA PARTY wins. Going further into debt is not a solution . If you are in debt you don’t borrow more do you? No, you spend less. Even a child knows that. Women don’t however. JUST KIDDING! Holy cow. Ron Paul makes too much sense and that’s why he gets ignored by the leaders. He makes them feel stupid. Why? because they are corrupted by big money players who want America to spend spend and spend.

  • katnap72

    John Mc same does what all the rest do — shift the blame. Ron Paul doesn’t waste his energy with this type of tactic. I like his “Right to the Point” views. The current philosophy is outdated, and these problems can only be solved with getting back to true American principles. I can’t make any sense of either party, really. I can only identify with honest principles, and honest men like Dr. Paul.

  • plugginjerkface

    Come on Ron Paul! I hope you keep getting mainstream coverage, your message needs to get across to more people!

  • radjanvar

    I am happy to see Anderson interview Ron Paul respectfully as opposed to a lot of other TV news networks that just try to bash Ron and have absolutely no interest of Ron’s stands on issues and explanations.

  • johnnydelgrady

    We need a real American NOT A PUPPET for PRESIDENT!

  • MrRayRPh

    The line of questioning centered around the republican/democrat childish battles…looking to spice up the “soap opera” mud slingings…not wanting to follow-up on Ron’s line of thinking about something important like the way in which the default will come.

    This guy has been like a prophet with his predictions and yet all the focus is on the mud slinging. Listen to what he is saying…his warnings…and what we need to do to avoid a much more serious problem…INFLATION!!!!

  • levonet33


  • uturniaphobic

    if squatters hate the Tea Party then I love the Tea Party. damned squatters gotta go!

  • TheEpoxyExpert