Ron Paul: We're Already over the Fiscal Cliff

Says politicians talking about what to protect rather than what to cut

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."