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Ron Paul On The Fiscal Cliff: “We Have Passed The Point Of No Return”

Posted By yihan On December 30, 2012 @ 8:03 am In Featured Stories,Money Watch,Tile | Comments Disabled

Zero Hedge [1]
December 30, 2012

In a little under three minutes, Ron Paul explains to a somewhat nonplussed CNBC anchor just how ridiculous the charade that is occurring in D.C. actually is. This succinct spin-free clip should be required viewing for each and every asset-manager, talking-head, propagandist, and mom-and-pop who are viewing the last-minute idiocy of the ‘fiscal cliff’ debacle with some hope that things will be different this time.

“We have passed the point of no return where we can actually get our house back in order,” Paul begins, adding that “they pretend they are fighting up there, but they really aren’t. They are arguing over power, spin, who looks good, who looks bad; all trying to preserve the system where they can spend what they want, take care of their friends and print money when they need it.” With social safety nets available to rich and poor, there is no impetus for change and “the country loses,” but Paul concludes, the markets are starting to say “there is a limit to this.”

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URLs in this post:

[1] Zero Hedge: http://www.zerohedge.com/news/2012-12-29/ron-paul-fiscal-cliff-we-have-passed-point-no-return

[2] Ron Paul: “0% Chance Of ‘Grand Bargain’ Over Fiscal Cliff”: http://www.prisonplanet.com/ron-paul-0-chance-of-grand-bargain-over-fiscal-cliff.html

[3] Paul, Lee, Rubio Vote No on ‘Fiscal Cliff’ Deal that Hikes Taxes, Puts Off Spending Cuts: http://www.prisonplanet.com/paul-lee-rubio-vote-no-on-fiscal-cliff-deal-that-hikes-taxes-puts-off-spending-cuts.html

[4] Happy New Year Middle Class: The Fiscal Cliff Is Going To Rip You To Shreds: http://www.prisonplanet.com/happy-new-year-middle-class-the-fiscal-cliff-is-going-to-rip-you-to-shreds.html

[5] Fiscal Cliff: Ron Paul Decries Bipartisan Efforts; Predicts Compromise: http://www.prisonplanet.com/fiscal-cliff-ron-paul-decries-bipartisan-efforts-predicts-compromise.html

[6] Rand Paul slams ‘spending bill’ fiscal cliff deal: http://www.prisonplanet.com/rand-paul-slams-%e2%80%98spending-bill%e2%80%99-fiscal-cliff-deal.html

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