Congressional Candidate in Maine mentions Ron Paul solution in Op-EdSubmitted by MattMcDonald on Wed, 10/16/2013 - 16:19
Congressional Candidate Blaine Richardson, Captain USN/R-R, running in Maine' s 2nd District mentions Ron Paul's solution to the shutdown in an op-ed in the Bangor Daily News.
"Do not be fooled. There is no reason to raise the debt ceiling.
U.S. Rep. Alan Grayson, D-Fla., supports a plan, which was originally introduced by former Rep. Ron Paul, that would instruct the Federal Reserve to cancel out the roughly $2 trillion in Treasury debt held by the Federal Reserve — debt the government owes itself.
This remarkably simple act would negate any reason to raise the debt ceiling during a manufactured crisis and give Congress plenty of time to get its spending priorities in order and delay a default."
Read the full Op-Ed below: