Posted on 04/25/2020 6:13:54 AM PDT by Twotone
Republican Sen. Rand Paul of Kentucky excoriated his colleagues in Congress over their efforts to provide relief to Americans while putting the country in debt instead of opening up the economy.
"If you print up billions of dollars and give it to people, they are unlikely to spend it until you end the quarantine," said Paul in his speech on the Senate floor on Tuesday after returning from his battle with coronavirus.
He went on to point out that there were some studies showing that experts' predictions of mortality rates from coronavirus could be inaccurate and overblown.
"The virus is still dangerous," he added, "and we shouldn't ignore the risks, but we should put those risks in perspective!"
Paul said that these randomized studies show that America can manage the coronavirus without continuing the "draconian" lockdown policies. Plagued by a lack of commerce, not money
"So today I arise in opposition to spending $500 billion more. The virus bailouts have already cost over two trillion dollars. Our annual deficit this year will approach four trillion dollars!" he said.
"We can't continue on this course!" Paul added.
"No amount of bailout dollars will stimulate an economy that is being strangled by quarantine!" he exclaimed. "It is not a lack of money that plagues us, but a lack of commerce!"
Paul praised the numerous efforts from Americans to combat the coronavirus pandemic, then returned to the subject of the debt amassed by the relief bills.
"With the recent $2 trillion bailout we are borrowing faster than we have ever borrowed before!" he continued. "Had we practiced sound budgeting in the past, we would have been better, significantly better positioned to weather this storm."
He pointed out that the most recent statistics said more than 20 million Americans are unemployed.
(Excerpt) Read more at theblaze.com ...
The man speaks the truth and who can’t see it? He’s a chip off the old block for sure. Isn’t anyone using the brains in their heads to come to the same conclusion? Shut down - no commerce - more debt piled on debt...Wish our grandkids could vote and tell them, “not on our watch.”
The cure is worse than the disease.
At some point we could see a rash of sudden bankruptcies of major companies that would shake what’s left of the economic foundation of this country. Nobody knows when that might happen but the probability of this happening grows higher everyday.
The stock market is going to fall unless they open the country immediately. It is going to cause financial panic among those who understand economics. Why in the world are the leaders unable to see this?
thank You, Lord, for answered prayers
At some point? It's happening right now. We MUST open up NOW. A LOT of businesses that closed are ALREADY NOT GOING TO COME BACK. What does it take to get people to listen?
...or as Biden said...”We have to take care of the cure that will make the problem worse no matter what”
The national deficit will approach $40 trillion by 2025. Unthinkable, given it was $5 trillion in just 1990. Unforgiveable. Gold is the only thing that is going to put food on the table when the coming financial collapse occurs. I am not predicting that any time soon, and I expect I will be gone and buried before that happens, but things are accelerating so fast today, I can’t be sure.
Regardless what you think of him he’s always been strong on civil liberties.
Thank you, Senator Paul.
The bigger they are; the harder they fall. We go down and the whole world goes down.
Left-wingers love tanked economies and anything else that forces people to rely on government overlords.
Wow, Dr Paul has been through the fire and back several times during his public service and he keeps coming back. God bless and protect the man.
thanks Rand. you’re a tea party hero. one of the few we sent who didn’t turn on us.
Gold the commodity we argue with our asset management broker about all the time. He recently told us our portfolio has done the best of all his clients, because of our constantly wanting to purchase gold. Like pulling teeth with him, to take our direction to invest in gold.
Do you actually have the gold in your possession, or is it merely a digital representation that stipulates you “own” gold?
At some point? It’s happening right now.
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I readily agree that a lot of businesses are already in extremis and/or closing for good but I’m talking about MAJOR companies (really big corporations) becoming insolvent and going under. Think of the swiftness of the domino effect. It could all unravel very quickly and there’s nothing the government could do to stop it.
We are walking right up to the edge of the cliff.
Exactly. The dominoes are already falling. Immediate re-opening is the ONLY thing that will be able to pull out a section and stop them from all going.
Do you actually have the gold in your possession, or is it merely a digital representation that stipulates you “own” gold?
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If its not in your hand you own a piece of paper. :)
To read later. Rand is a master of persuasive speech.
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