Ron Paul: Congress won't avert debt downgrade

[bobbyw24]

(Reuters) - Republican U.S. Representative Ron Paul said on Monday he did not think Congress will be able to take the fiscal steps needed to avoid a downgraded debt rating from agencies like Standard & Poor's.

http://www.reuters.com/article/2011/04/18/usa-ratings-paul-idUSWEN132220110418

[eduardo89]

Ron is absolutely correct. The only thing that will get them to act on the debt is when paying interest consumes the entire budget. Same goes with SS and Medicare, they'll only take the problem seriously once it's too late.