Ron Paul Says U.S. Should Declare Bankruptcy

Congressman Ron Paul

Congressman Ron Paul is a candidate for the 2012 Republican Presidential nomination, a self-described ‘libertarian’, and has some pretty unique views.

In the past he has stated that FEMA is unconstitutional and he was the only Congressman to vote against giving subpoena power to the independent panel that was responsible for investigating the BP oil spill.

When asked recently if he thinks that the United States should declare bankruptcy he stated ‘Absolutely’.

Via CNN Money;

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How should the United States deal with its growing debt problem? Ron Paul thinks declaring “bankruptcy” might be a good idea.

The Texas congressman and Republican presidential candidate was discussing Greece’s fiscal trouble with Iowa radio host Jan Mickelson on Monday when he was asked, “If bankruptcy is the cure for Greece, is it also the cure for the United States?”

“Absolutely,” Paul replied.

Read more at; http://money.cnn.com/2011/06/28/news/economy/ron_paul_bankruptcy/index.htm?source=yahoo_hosted