Ron Paul on President Obama's Chances of Reaching a 'Grand Bargain': Probably Zero

Congressman Ron Paul (R-Texas) during a Tuesday interview on Bloomberg TV said that the chances of President Obama reaching some sort of “grand bargain” with Congress to avoid the "fiscal cliff" are “probably zero.”

Why?

Well, according to Paul, no one in Washington is willing to face up to the economic realities of our country. Consequently, the congressman argues, Washington’s elite will go round and round like they did during 2011's debt-ceiling debate and put off the inevitable.

And what is the “inevitable,” you ask? Oh, just the crash of the U.S. dollar the collapse of our nation's economy. That’s all.

"We are at a point of no return" the Texas congressman warned, "we are not the productive nation we used to be."

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