24/7 Newsfeed

Put Reason 24/7 on Your Site


Follow Reason 24/7 on Twitter and via RSS

Ron Paul: We're Already over the Fiscal Cliff

Rep. Ron Paul (R-Texas) said Thursday that while President Barack Obama and Congressional leaders stake out their positions on a budget deal, the nation’s economy has already driven off the fiscal cliff.

“We’re so far gone,” Paul said on Bloomberg Television. “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.”

Source: Politico. Read full article. (link)

Editor's Note: We invite comments and request that they be civil and on-topic. We do not moderate or assume any responsibility for comments, which are owned by the readers who post them. Comments do not represent the views of Reason.com or Reason Foundation. We reserve the right to delete any comment for any reason at any time. Report abuses.

  • gigarath6||

    The fall of the American empire has begun.

  • Pound. Head. On. Desk.||

    I hope you're wrong, but I'm preparing for long, bad times. As the debt gets bad enough to trigger serious inflation... Let's just say the pattern the USA has entered has never gone well for any country that's tried it.