GOP presidential contender Ron Paul blames big government for holding up debt talks and is forecasting an all-out bankruptcy for America.
"I am very hopeful and positive in the long run, but I think we are going to go through a bankruptcy first," the Texas congressman told Fox News in a Sunday Interview.
Paul admits a compromise will eventually come, but at the expense of younger generations.
Read more: http://politics.blogs.foxnews.com/2011/07/10/2012-hopeful-paul-predicts-americas-bankruptcy#ixzz1RnpIRv7N