As negotiations continue for the Democrats’ $3.5 reconciliation bill, Sen. Rand Paul (R-KY) warns that the extraordinary spending could eventually “destroy the currency.” Paul appeared on the latest episode of The Sara Carter Show to talk about the implications of massive federal spending.
“This is sort of Democrats saying ‘hey, free college, free daycare won’t cost you anything.’ But what they don’t tell you is the price of gas is going up the price of your groceries is going up,” Paul said. “And ultimately you pay for this by higher prices. You pay for this through inflation.”
Host Sara Carter pointed out that Sen. Chuck Schumer (D-NY) claims the bill was born out of the GOP’s lackluster COVID-19 relief bill. “Democrats are working to bring this GOP-manufactured default crisis to a swift end and avoid irreparable economic harm to people and families,” Schumer tweeted Wednesday.
However, Paul says all sides are in some way to blame. He said the Democrats also share the blame for the origin of the massive spending bill.
“Both parties do deserve blame for that,” Paul admitted to Carter. “But we have to talk to the American people, because I think we’re in the process of getting to the point where we might even destroy the currency. You don’t want us to become Venezuela. I don’t want our currency to be worthless, right? And when our currency becomes worthless, it means chaos for the world.”
“We’re living in a time where everything is changing,” Carter said. “But we cannot get lazy. We need to pay attention to what is going on here. We need to ask our lawmakers to do their job to do their job and to stop this.”
So far, Sens. Kyrsten Sinema (D-AZ) and Joe Manchin (D-WV) refuse to advocate for a bill at $3.5 trillion. They both claim they would support a bill that didn’t involve that large a budget. Listen to the full podcast here.
You can follow Jenny Goldsberry on Twitter @jennyjournalism.
You may like
Biden spends $1.65 trillion taxpayer dollars while vacationing in St. Croix
While vacationing in the island of St. Croix for the holidays, President Joe Biden on Thursday signed into law the massive $1.65 omnibus spending package.
The whopping 4,155 pages was supported by only nine House Republicans and 13 Senate Republicans. Majority of criticism from the GOP includes concerns that the bill was rushed and crammed with wasteful spending by a lame-duck Democratic-dominated Congress. The recourse will punish American families by adding to the national debt and exacerbate inflation.
“Today, I signed the bipartisan omnibus bill, ending a year of historic progress. It’ll invest in medical research, safety, veteran health care, disaster recovery, VAWA funding — and gets crucial assistance to Ukraine,” Biden tweeted. “Looking forward to more in 2023.”
Senate minority leader Mitch McConnell “praised the bill on the grounds that it represents a real decrease in discretionary spending. He presented it as a positive that nondefense spending jumped by only 5.5 percent, from $730 billion to $772.5 billion, amid an inflation rate of 7.1 percent” writes National Review.
“The bipartisan government-funding bill that Senators Shelby and Leahy have finished negotiating does exactly the opposite of what the Biden administration first proposed,” he said. “This bill provides a substantial real-dollar increase to the defense baseline . . . and a substantial real-dollar cut to the non-defense, non-veterans baseline,” McConnell insisted as negotiations were wrapping up.
House minority leader Kevin McCarthy, however, stated his strong disapproval of the bill before it even advanced. Affirming a letter from 13 House Republicans, McCarthy demanded the bill is reckless, irresponsible, and a “purposeful refusal to secure and defend our borders.”
For example, it failed to incorporate protections for Title 42, the pandemic policy that allows illegal immigrants to be expelled on a public-health basis, which currently hangs in the balance at the Supreme Court.
National Review adds, “The funding in the bill, which averted a federal government shutdown before the new year, includes an allocation of $45 billion in defense assistance to Ukraine. Some Republican priorities, such as Electoral Count Act reform and a bigger military budget, were nested in with Democratic appropriations, such as increased funding for Medicaid and food stamps.”
You may like
Politics3 days ago
‘Coordinated effort’ to hide Hunter Biden information: Treasury denies request for reports
Elections3 days ago
Judge orders Biden’s DHS to release files on agents accused of censoring election ‘misinformation’
Immigration11 hours ago
Migrants refuse to go to Brooklyn cruise terminal shelter, return to Manhattan hotel
Immigration6 days ago
NYC Mayor turning cruise ship terminal into migrant shelter, ‘our city is at its breaking point’