Rand Paul Says U.S. Debt Unsustainable

In an interesting comment which is somehow being spun as being in agreement with Federal Reserve chaiman Ben Bernanke, Rand Paul said on "This Week" on ABC, that “We need to do something about it," referring to Bernanke saying in the past that U.S. "debt is unsustainable."

With many bankers and others on Wall Street uncomfortable with the negative exposure the Federal Reserve policies are getting, along with Bernanke's hand in them, it's strange to see Paul's agreeing to Bernanke's statement as construed sort of starting point to work with by some.

Rand Paul knows Bernanke is the problem, as the huge amount of debt the U.S. owes is largely from the hands of Bernanke and his attempt to stimulate the economy by printing money, which he's now calling "quantitative easing."

The idea has also been thrown around that Paul could have a chance at being seated on the Senate Banking Committee, which would no doubt quickly eliminate the idea he's in any way supportive of Bernanke and his policies.

Paul has called for spending cuts in a number of areas, including the military and other areas, understanding there's no way Washington can proceed doing business as usual.