Posted on 05/18/2022 9:51:38 AM PDT by RandFan
Sen. Rand Paul, R-Ky., is pushing back on a $48 billion business bailout bill, which he calls a "poorly-targeted spending spree," amid rising concerns about historic inflation.
On Tuesday evening, Senate Majority Leader Chuck Schumer, D-N.Y., scheduled a procedural vote this week on a $48 billion bill that would aid businesses impacted by the coronavirus pandemic.
In a letter reviewed by FOX Business to one of President Biden's senior advisers, Gene Sperling, Paul explained his reasoning behind his opposition to the proposed bill, saying it is an "inappropriate moment to spend taxpayer dollars on restaurants and entertainment.
Paul takes issue with the proposal, which contains "taxpayer-funded grants to restaurants, minor league sports teams, gyms, yachts and limousines businesses and more," because it is being introduced when COVID-19 is "no longer straining our economy," he writes.
Paul told FOX Business in an exclusive statement: "COVID-19 is over, and yet Congress is ready to spend $48 billion of borrowed money to bail out yacht and limousines businesses, minor league sports, and luxury gyms under the guise of pandemic relief."
(Excerpt) Read more at foxbusiness.com ...
A billion here, a billion there. Pretty soon we are talking about real money...
How else are the democrats supposed to pay their 2000 mules in November???
C’mon man!
Rand Paul is an American hero.
I don’t support “bailouts” in general, but since the government is the cause of the financial disaster in this case, it seems only fair that the government compensates at least some of the businesses they inflicted misery on for 2+ years. But it would cause more inflation, that much is certainly true.
They should just use all the unspent billions in covid relief already out there.
He’s totally right.
Money is already exceeding supply and demand, so throwing more government printing press money on the inflation fire will just help keep inflation running.
.
They’re trying to Bankrupt the Country and insert new Economic System.
Simple.
.
Federal Debt to GDP Ratio %:
1980: 34%
2022: 129%
.
i stand with rand.
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