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

[the1]

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/

Quote from siafx:

Correct me if I’m wrong, but doesn’t bankruptcy imply that the bills aren’t getting paid? What bills are currently in default? Answer: None.

 

[the1]

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

Quote from Scataphagos:

In theory, and per the US Constitution, the Federal government is the "servant of the people".

In reality, the Federal Government is a ruling oligarchy... and we all serve IT!

 

[trefoil]

Quote from bearice:

2 years back millions of people knew USA is bankrupt.

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

 

[zdreg]

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.

 

[bearice]

Quote from zdreg:

it started with bush who admitted he gave up his free market principles because paulson convinced that this was the only way to save free markets. In reality paulson saved his friends at goldman and stuck the US public with the bill.

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).

 

[zdreg]

Quote from bearice:

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?

 

[bearice]

Quote from zdreg:

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.

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

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

 

[bearice]

Quote from zdreg:

the pt. of your quote?

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

 

[nooby_mcnoob]

Quote from bearice:

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

He had veto power.

 

[zdreg]

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