US Default - then and now

[Rock Anthony]

House Budget Committee Chairman Paul Ryan:

“We cannot keep spending money we do not have," said Ryan. "Forty-two cents out of every dollar coming out of Washington is borrowed money, 47 percent of it from other countries, China number 1 [most of all]. Mr. Speaker, you cannot have sovereignty, self-determination as a country if we are relying on other governments to cash-flow [finance] half of our deficit.”

I wonder if such words would be spoken on the House floor absent Ron Paul's rise in popularity.

[shikamaru]

I wonder if such words would be spoken on the House floor absent Ron Paul's rise in popularity.

http://en.wikipedia.org/wiki/Historical_materialism

Commerce first, political status second....