Ron Paul: National bankruptcy will lead to repeal of 'Obamacare'

Washington - Texas Congressman Ron Paul spoke with Fox News after the Congress passed the historic health care reform but Paul doesn't see it as sunshine and lollipops as he believes it will be repealed after the country goes into bankruptcy.

On Sunday, former 1988 and 2008 Presidential candidate Ron Paul spoke to Fox News after the passage of the United States President’s health care reform initiative and states that the bill will be repealed once the country officially enters into bankruptcy. The Texas Congressman further added that the government will have to hire thousands of new Internal Revenue Service agents “because they have to steal more money.” The former flight surgeon during the Viet Nam war made statement after it was released by the Joint Economic Committee and the House Ways & Means Committee minority staff that 16,500 new IRS personnel “will be needed to collect, examine and audit new tax information mandated on families and small businesses in the ‘reconciliation’ bill.” The author of “The Revolution: A Manifesto” and “A Foreign Policy of Freedom” went onto state that the President’s health care reform will ultimately deepen the economic collapse the U.S. faces and the demise of the dollar because, says Paul, one cannot spend and borrow this kind of money, “Medical care will get worse and this country will go into bankruptcy.” Throughout the President’s election campaign, Obama pledged not to use executive powers and signing statements to change laws but Paul believes it’s an outrage that the President used an executive order to amend the bill to bar federal funding for abortion. “To think that we’ve gotten to a point where we allow our presidents just to write an executive order as the law of the land, there’s nothing conceivable about that being Constitutional.”