Friday, November 9, 2012
Ron Paul: "We're over the cliff"
Can you handle the truth?
"People do not want anything cut. They want all the bailouts to come. They want the Fed to keep printing the money."
- - - Ron Paul
Constitutional Federalist Congressman Ron Paul said in the wake of this week's elections that the country has already veered over the fiscal cliff and he sees no chance of righting ship in a country where too many people are dependent on government.
"We're so far gone. We're over the cliff," the Texas Republican told Bloomberg Television's "In the Loop" program. "We cannot get enough people in Congress in the next 5-10 years who will do wise things." The video can be seen at Bloomberg.com - video..
Paul, who is retiring after 12 terms in the House, said voters on Tuesday rejected Mitt Romney because he had opposed the government bailout of General Motors and Chrysler.
"The people in the Midwest voted against him: 'Oh, we have to be taken care of!' So that vote was sort of like what we are laughing at in Greece," Paul said.
"People do not want anything cut," he said. "They want all the bailouts to come. They want the Fed to keep printing the money. And they don't believe that we've gone off the cliff or are close to going off the cliff. They think we can patch it over, that we can somehow come up with some magic solution. But you can't have a budgetary solution if you don't change what the role of government should be. As long as you think we have to police the world and run this welfare state, all we are going to argue about is who will get the loot."
Read more: Ron Paul - Washington Times