Ron Paul predicts GOP cave-in on debt, deficit, taxes

To raise taxes, "They'll call it reform" - "We're in default"

Washington – Lawmakers will close loopholes to raise tax revenues, but won't allow the nation to go into default on its bonded Treasury debt, predicted presidential candidate U.S. Rep. Ron Paul.

An independent libertarian from Texas City, he shrugged off speculation that the nation will default on its full faith and credit, saying, “We're in default continuously. We've been that way for many, many decades.” Continue Reading


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