Ron Paul: Election shows U.S. ‘far gone’

Rep. Ron Paul, whose maverick presidential bids shook the GOP, 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 http://www.bloomberg.com/video/ron-paul-on-fiscal-cliff-and-vows-to-compromise-MYkAiqYBTaiHwXZL9Tvxkw.html.

“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. 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 at The Washington Times . By Stephen Dinan.

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About F. Peter Brown

Editor at the Sound Money Institute and Associate Editor at the Western Center for Journalism. www.fpeterbrown.com

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The Sound Money Institute is and educational organization dedicated to the stability and soundness of the United States Dollar. Faced with unprecedented pressure to spend beyond its means the United States Government has pressured the Federal Reserve Bank to monetize the debt or in other words they are printing currency to fund deficit spending by the US Treasury.

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