Ron and Rand Paul discussing current U.S. Debt and the Republican Pledge to America. Rand Paul notes $50 bil in savings does not scratch the surface. Republicans Pledge was at least $100 bil year one however they are now lowering the bar to less than 1/2 of the pledge.
Ron Paul: "we have to face the fact that we are bankrupt and we can't pay our bills."
Sadly, Congress will once again raise the debt ceilling and dump in on our grandchildren. It remains morally criminal that the "adult generations" remain fiscally irresponsible at our grandchildrens' peril.
Most recent debt ceiling increase: February 12, 2010 (P.L. 111-139) raising the debt ceiling by $1.9 trillion to $14.294 trillion.