Connect with us

Economy

Sen. Rand Paul says massive reconciliation bill could lead ‘ us to become Venezuela’

Published

on

Screen Shot 2021 09 21 at 12.11.37 PM

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

Continue Reading

Nation

White House Confirms It Is Looking Into Shutting Down Oil Pipeline Amid Fuel Crisis

Published

on

Gas Pipeline

The Biden administration confirmed that it is considering shutting down an oil pipeline in Michigan despite the ongoing fuel crisis in the country.

“Revoking the permits for the [Line 5] pipeline that delivers oil from western Canada across Wisconsin, the Great Lakes and Michigan and into Ontario, would please environmentalists who have urged the White House to block fossil fuel infrastructure, but it would aggravate a rift with Canada and could exacerbate a spike in energy prices that Republicans are already using as a political weapon,” Politico Pro reported. “Killing a pipeline while U.S. gasoline prices are the highest in years could be political poison for Biden, who has seen his approval rating crash in recent months.”

Fox News reporter Peter Doocy asked about the report during Monday’s press briefing, asking, “why is the administration now considering shutting down the Line 5 pipeline from Canada to Michigan?”

“So, Peter, that is inaccurate,” Deputy Press Secretary Karine Jean-Pierre claimed. “That is not right. So, any reporting indicating that some decision has been made, again, is not accurate. … So, again, I would — it is inaccurate what you just stated, but —”

“What’s inaccurate?” Doocy asked.

“The reporting about us wanting to shut down the Line 5,” Jean-Pierre said.

“I didn’t say ‘wanting.’  I said, is it being studied right now?  Is the administration studying the impact of shutting down the Line 5?”

“Yeah. Yes, we are. We are,” Jean-Pierre admitted.

 

The news comes as gas prices have reached their highest since 2014, when Biden was vice president, and are currently about 50% higher than they were when Biden entered office.

You may like

Continue Reading
Advertisement

Trending Now

Advertisement

Trending