‘We Have Passed That Point of No Return’: Ron Paul Explains What’s Missing In the ‘Fiscal Cliff’ Talks

Posted by clnews _Featured_, Economy Sunday, December 30th, 2012

Last Friday, Ron Paul was questioned about the impending fiscal cliff on CNBC.  His response:

“I think we have passed that point of no return where we can actually get our house in order… I believe there is too much bipartisanship on the spending. Nobody is talking about cutting any spending…

“Republicans and Democrats, they pretend they’re fighting up there, but they really aren’t. They’re arguing over power, spin, and who looks good, and who looks bad, but they’re all trying to preserve this system where they can spend what they want, take care of their friends, and let the Fed print money when they need it.”

According to Paul, it’s possible that lawmakers may come up with a temporary solution, but it will likely only be a Band-Aid:

“[It’ll be] sort of like — how many times have they had a ‘solution’ for the Greece crisis? About ten or 15 times?…

“There’s no admission that they [U.S. lawmakers] have a crisis. They have no admission that the country is bankrupt. There’s no admission that our government is spending way too much and it’s way beyond our means and there’s not a single bit of effort to cut anything…

“They are so they so far removed from admitting the seriousness of this crisis and if they don’t admit it, they can’t solve the problem. They’re like a bunch of drug addicts that just want another fix. That’s what they are looking for.”