Digital Journal - Candidate says US going bankrupt

Digital Journal - Candidate says US going bankrupt: "Presidential candidate Ron Paul, campaigning in Iowa, says that the US is going bankrupt.
Speaking to a group of supporters at the University of Iowa, the Republican candidate said that:

'As time goes on, our country will realize that we can't afford to pay all the promises we've made.'

He said that our entitlements programs, the wars in Iraq and Afghanistan and our monetary policy are causing such a drain on the country's finances that in the very near future our trading partners abroad will lose confidence in the dollar and then there will be a very severe financial crisis, possibly worse than the Great Depression of the 30's. "