Ron Paul: ‘It’s Going to End Very Badly’


Republican Congressman and presidential candidate Ron Paul tells Newsmax he will vote against any attempt to raise the debt ceiling and says a proposal to allow the president to raise the ceiling is “capitulating” in the debt debate.

The Texas lawmaker also warns that continuing to run up the federal debt will eventually lead to a “dollar crisis,” while insisting that a tax increase will be very bad next year for Republicans who support it.

But he acknowledges that Washington lawmakers will most likely agree to raise the debt ceiling after they agree on some spending-cut promises “that people will fall into the trap of believing.” 


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