Ron Paul: U.S. spends $1 trillion to maintain empire
CNN’s John Roberts talked to Rep. Ron Paul about the possibilities of trillion dollars deficits in the coming years. Paul believes that the current economic crisis will worsen.
“The financial system broke down because they lost confidence in it because it was built on an illusion, but soon they’re going to lose confidence in the dollar. Now, that will be a crisis that will be much bigger than the crisis we’re facing today.”
This video is from CNN’s American Morning, broadcast Jan. 7, 2009.