Bad Bank + Bad Debt + Bad Bankers = Bad Idea In his latest speech to Congress, Ron Paul points out that allowing the liquidation of bad debt is politically unacceptable, but the alternative – dumping everything on the taxpayer – is even worse. Its interesting that there is even such a thing as politically unacceptable in this day and age. One one hand, thats good because it shows that when all is said and done, politicians are still afraid of the people, not the other way round. But its also bad because many Americans will fall for the politically acceptable alternative of bailing out everything and everyone, thereby guaranteeing a future collapse of the dollar, the nationalization of large parts of the economy, and the reduction of Americas status in the world to that of an angry third world banana republic with an aging stockpile of nuclear weapons. RONPAUL.COM RONPAUL.ORG CAMPAIGNFORLIBERTY.COM

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Ron Paul speech on House floor 1/22/09