Ron Paul: U.S. spends $1 trillion to maintain empire

By David Edwards
Wednesday, January 7, 2009 12:06 EDT
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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.

Download video via RawReplay.com

David Edwards
David Edwards
David Edwards has served as an editor at Raw Story since 2006. His work can also be found at Crooks & Liars, and he's also been published at The BRAD BLOG. He came to Raw Story after working as a network manager for the state of North Carolina and as as engineer developing enterprise resource planning software. Follow him on Twitter at @DavidEdwards.
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