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OPINION

Ron Paul says default on debt unavoidable

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Rep. Ron Paul (R-Texas) on Tuesday predicted that the U.S. would default on its debt.

"When a country is indebted to the degree that we’re indebted, the country always defaults," the 2012 GOP presidential candidate said on the House floor. "We will default because the debt is unsustainable."

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Paul predicted that the U.S. government would dodge the best solution, which is to impose real spending cuts.

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