Republican
Rep. Ron Paul says Congress and the White House pretend they are fighting to
reach a deal to avert the fiscal cliff of year-end tax increases and spending
cuts, but in fact they are fighting over power.
He
explained that even if Congress manages to come up with a solution to avert the
“fiscal cliff,” it won’t be worth anything because it’ll probably only deal with
tax rates and ignore the problem of runaway government
spending.
"We
have passed the point of no return where we can actually get our house back in
order," Paul told CNBC.
"They
pretend they are fighting up there, but they really aren't. They are arguing
over power, spin, who looks good, who looks bad; all trying to preserve the
system where they can spend what they want, take care of their friends and print
money when they need it," he added.
With
social safety nets available to rich and poor, there is no impetus for change
and "the country loses," but Paul concludes, the markets are starting to say
"there is a limit to this." Zero Hedge
Rep.
Paul said, “I believe there is too much bipartisanship on the spending. Nobody
is talking about cutting any spending.” That’s
not to say Rep. Paul doesn’t believe U.S. lawmakers will come up with temporary
solutions to things like the “cliff.” “[It’ll
be] sort of like - how many times have they had a ‘solution’ for the Greece
crisis? About ten or 15 times?” the congressman asked, referring to the
eurozone’s most unstable and financially broken member. “There’s
no admission that they [U.S. lawmakers] have a crisis. They have no admission
that the country is bankrupt. There’s no admission that our government is
spending way too much and it’s way beyond our means and there’s not a single bit
of effort to cut anything,” the congressman continued. “They
are so they so far removed from admitting the seriousness of this crisis and if
they don’t admit it, they can’t solve the problem. They’re like a bunch of drug
addicts that just want another fix. That’s what they are looking for,” he
concluded. The Blaze
AGB/HJ
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