Rep. Ron Paul: Bankruptcy could be cure for U.S. debt

The Hill reports:

Rep. Ron Paul (R-Texas) said Monday that bankruptcy could be the best solution for the United States to address its mounting debt.

Paul, the libertarian Republican presidential candidate, suggested that bankruptcy would be a good option — as would, short of that, refusing to repay obligations to the Federal Reserve.

Just a reminder for defenders of the welfare-warfare state.