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Ron Paul: We're Broke and Already Over Fiscal Cliff...

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posted on Nov, 8 2012 @ 07:07 PM
Ron Paul speaking to Bloomberg News one of the few who has predicted all that has befallen us financially and economically for decades and probably been doing it longer then anyone else (30+ years)., People should take notice and prepare accordingly. He tells it like it is and our future is not bright. He has been dead on and the pundits even admitted it after 2008 yet they still don't want to believe him dispite his accurate track record...

Normalcy bias is much stronger then truth reason and logic apparently.

Excellent interview definitely worth a listen...

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." Mr. 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," Mr. 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...

edit on 8-11-2012 by hawkiye because: (no reason given)

posted on Nov, 8 2012 @ 07:15 PM
We need 16,000,000,000,000 to be broke. Let CK explain.

posted on Nov, 8 2012 @ 07:32 PM
reply to post by hawkiye

Already a thread on this


posted on Nov, 8 2012 @ 07:34 PM

we cannot get enough people in Congress in the next 5-10 years who will do wise things.

Mr. Paul, that is why we desperately needed you to become president!

Well at least he's still giving them the simple truth. Things will just have to get worse before it gets better.

posted on Nov, 8 2012 @ 11:53 PM
reply to post by hawkiye

Ron should just listen to Ben Stein. He says this is the only way we will not end up like Greece - who got in trouble by letting their own rich hide their money offshore rather than put it back into their country.

Investing back into our own country! What a concept!

Ron Should just calm himself down and drink a warm glass of milk.
Austerity measures should only be taken by those who can afford them.

edit on 8-11-2012 by newcovenant because: (no reason given)

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