Video - Dr. Paul with Dylan Ratigan - Is Debt Cancellation An Option? - July 13, 2011

For anyone who missed this clip the first time around.

UPDATE - TIME Magazine has picked up the scent and endorses the idea.

UPDATE - Liberal economist Dean Baker supports Paul's plan.

Ron Paul shares his thoughts on Congress cancelling the $1.6 trillion in Treasury bonds owned (accumulated during QE1 and QE2) by the Federal Reserve as a one-time event to alleviate the time constraint of the August deadline for debt ceiling negotiations.

Paul has been floating this idea for the last several weeks, though it has yet to gain much traction. Interesting discussion.

You might not have seen:

Dr. Thomas Woods Explains Why Ron Paul Is The BEST Candidate For President In 2012