Wonky Pundit
USMB's Silent Snowden
Top that, Michelle!
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Rep. Ron Paul (R-Texas) said Monday that bankruptcy could be the best solution for the United States to address its mounting debt.
Paul, the libertarian Republican presidential candidate, suggested that bankruptcy would be a good option as would, short of that, refusing to repay obligations to the Federal Reserve.
During an appearance on Iowa's WHO radio, Paul, in a conversation about the debt crisis in Greece, called on that country to declare bankruptcy, reasoning that the Greek debt was insurmountable and thus that the country could not avoid bankruptcy.
"Are we going to experience are you predicting, in essence, if bankruptcy is the cure for Greece, is it also the cure for the United States?" asked host Jan Mickelson.
"Absolutely," Paul responded.
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