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

Transcript 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 …

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Ron Paul on the Budget Control Act: Mr. Speaker, It’s Time to Tear up the Federal Credit Card!

Ron Paul: This evening Congress is asked to vote for a bill that claims to reduce spending in the future, thereby accepting the fiction that legislation passed today somehow can control Congress in the future. The fate of legislation like Gramm-Rudman-Hollings in 1985 and the 1997 Balanced Budget Act prove …

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