The United States is already over the fiscal cliff and there is no hope of current political leaders or those elected within the next decade of being able to undo the financial damage that has befallen the Nation.
That’s what Representative and former Presidential hopeful Ron Paul had to say during an interview on Bloomberg Television when he was asked if he believed Congress could work out the issue associated with the looming financial calamity.
“We’re so far gone,” Paul said. “We’re over the cliff. We cannot get enough people in Congress in the next 5-10 years who will do the wise things. We have to prepare for having already fallen off the fiscal cliff.”
The problem, he said, is that too many politicians argue over what must be protected in the budget rather than focusing on necessary cuts. Paul also believes that the re-election of President Barack Obama is a bad sign that the American public is too welcoming to big-government spending.
“That is why people were sort of surprised with these conditions that the president could get re-elected,” he said. “That is a bad sign in that there are more on the receiving end. People do not want anything cut. They want all the bailouts to come. They want the Fed to keep printing money. They do not believe we have gone off the cliff or are close to going off the cliff.”