The New York Sun ^ | April 26, 2011 | David Pietrusza
Posted on Tuesday, April 26, 2011 2:05:42 PM by statestreet
NEW YORK — Congressman Ron Paul, en route to Iowa to announce the creation of the presidential campaign exploratory committee, told an editorial breakfast of The New York Sun that “it’s tempting to just walk away” from the presidential race “but if what we’re predicting happens, we’re going to have to step up.”
He was referring to the collapse of the dollar and the threat of wider inflation and the damage they are doing to ordinary Americans, who are suddenly facing soaring gasoline prices and grocery bills and an erosion of their savings and the value of their homes.
The Congressman said he was not concerned about the talk about how a vote against raising the debt ceiling would lead to a default, saying America is in “a slow motion default now.” He was referring to the collapse in the value of the dollar to below a 1,500th of an ounce of gold. The debt ceiling vote will come up in Congress shortly.
Dr. Paul, a physician by profession, voiced during the breakfast repeated frustration with the strictures of Congress, where he has for years found himself in what some have called “a party of one” because of his long commitment to sound money and opposition to even those government subsidies and interventions in the market that other Republicans are prepared to vote for.
(Excerpt) Read more at nysun.com ...
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