Ron Paul: Not Raising Debt Ceiling Won't Put U.S. In Default

"They are not going to default, all governments like us they default by giving money with less value, they are good at that. But they are not going to not send the checks out, you think of what happened in'09 when the financial system worldwide was collapsing. The Fed was involved with trillions, some estimate up to 15 trillion in secret they bailed out banks, foreign government, foreign central banks. nobody knew. Are they going to allow our treasury bill interest not to be paid? They are capable doing whatever they want, all they have to do is write an executive order or whatever."