America’s national debt is paramount among the concerns of American voters heading into 2012, and while a huge problem, Rep. Ron Paul debuted a quick fix for reducing the debt by at least $1.6 trillion in one shot. Chatting with Iowa radio host Jan Mickelson yesterday, Rep. Paul recommended the U.S. “declare bankruptcy” and reduce the national debt by dismantling the Federal Reserve, to which we owe upwards of a trillion dollars.


"I know this is pretty strange for people to even think about this, but we owe like $1.6 trillion because the Federal Reserve bought that debt… They’re nobody, why do we have to pay them off? Why don’t we take away from them and reduce the debt by 1.5 trillion dollars? …We don’t owe that to anybody… They printed the money out of thin air."

http://www.mediaite.com/tv/rep-ron-p...re-bankruptcy/