Ron Paul: "The U.S. Government Must Admit It Is Bankrupt"

The only reason bills are still getting paid is because the Government/Fed is creating money at will to pay those bills. When you need a new credit card to pay off an old credit card you are bankrupt. $14.02T and counting:

http://www.usdebtclock.org/

 

Unfortunate but true. Our founding fathers are turning in their graves.

 

Granville may be right, you know: if it's obvious, it's obviously wrong.

 

george wills, the well known columnist, said today when asked if additional protection should be given to congressional people as a result of the arizona shooting said, that the streets of washington d.c. is filled with tanks and armed personnel to the pt. of resembling a 3rd world country.

he might have inc. bankrupt 3rd... in his description.

 

If I remember correctly George Bush had said "Under normal circumstances I would have allowed the companies to fail but this is an extra ordinary situation".

After that the bankrupt companies received $700 billion bailout (not sure).

 

the pt. of your quote?

 

There are more important big events in the world. Somebody is angry.

http://maps.google.com/maps/ms?ie=U...d=201817256339889828327.0004991bca25af104a22b

 

I think George Bush wanted the bankrupt companies to fail but he was not supported by the congress (not sure).

 

He had veto power.

 

agree. but a lot has to do with secretary of the treasury paulson's influence on both congress and the president.