sailingaway
06-28-2011, 07:08 AM
The title on this is off base, I'm not sure the author quite understood what he was driving at, but here:
http://thehill.com/homenews/campaign/168657-rep-ron-paul-bankruptcy-could-be-cure-for-us-debt
"I know this is pretty strange for people to even think about this — but you know, we owe, like, $1.6 trillion because the Federal Reserve bought that debt, so we have to work hard to pay that interest to the Federal Reserve. They're nobody; why do we have to pay them off?" he asked. "Why don't we just take that away from them and reduce the debt by one and a half trillion dollars or whatever?"
http://thehill.com/homenews/campaign/168657-rep-ron-paul-bankruptcy-could-be-cure-for-us-debt
"I know this is pretty strange for people to even think about this — but you know, we owe, like, $1.6 trillion because the Federal Reserve bought that debt, so we have to work hard to pay that interest to the Federal Reserve. They're nobody; why do we have to pay them off?" he asked. "Why don't we just take that away from them and reduce the debt by one and a half trillion dollars or whatever?"