‘We Have Passed That Point of No Return’: Ron Paul Explains What’s Missing in The ‘Fiscal Cliff’ Talks
Even if Congress manages to come up with a solution to avert the “fiscal cliff,” a combination of year-end tax increases and spending cuts, it won’t be worth anything because it’ll probably only deal with tax rates and ignore the problem of runaway government spending, or so say Texas Congressman and former presidential candidate Ron Paul.
“I think we have passed that point of no return where we can actually get our house in order,” Rep. Paul said Friday on CNBC. “I believe there is too much bipartisanship on the spending. Nobody is talking about cutting any spending.”
“Republicans and Democrats,” he continued, “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...
C000, I'm going to be with you in agreement somewhat, it is somewhat interesting to look at the statistics on such things as, Haiti earthquake: Where has the aid money gone?. It really looks like the U.S. has to be more realistic on what it does pledge for such work, and to make the UN cough up what it said it will do.
You're right, James, and it's something that should have happened long ago. As much as it would have hurt, we could have been back on an honest upward economic trend by now.
We could start by stopping the forgiving of enormous debts, stop sending billions of our currency to other countries, and stop taking the planet upon our shoulders. The UN member states should all have equal financial responsibility instead of expecting the US to always take the economic weight in times of trouble.
C000, I was going to quote exactly the same paragraph! You and Ronny make a good point there. Now that is one of the few statements of Mr. Paul I can agree with, The Group Think on the "Fiscal Cliff" is that a lot of smart people say bring it on. It would help correct a lot of problems, if the U.S. went down the fiscal slope.
"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..."
So true, and I'm so sick of them stealing my hard earned money so they can have lavish sinner parties, so the Obamas can spend millions to vacation on Martha's Vineyard for a week, so they can write off ultra posh vacations at the taxpayers expense, so they can continue the ridiculous pork barrel projects, so they can send millions and billions of our hard earned dollars to countries that hate us and want us dead, etc, etc.
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