Rand Paul: 'Republicans and Democrats Compromise Every Day of the Year to Spend Money We Don't Have'

By Susan Jones | August 6, 2020 | 11:00am EDT
Sen. Rand Paul (R-Ky.) is a fiscal hawk. (Photo by Alex Wong/AFP via Getty Images)
Sen. Rand Paul (R-Ky.) is a fiscal hawk. (Photo by Alex Wong/AFP via Getty Images)

(CNSNews.com) - "Absolutely not," said Sen. Rand Paul (R-Ky.) on Wednesday. He will not vote for another trillion-dollar coronavirus relief package, assuming one emerges from the ongoing negotiations between Democrats and Republicans.

It's funny that people say, well, Washington -- Republicans and Democrats never compromise and can't get along. That's actually the opposite of the truth. Republicans and Democrats compromise every day of the year to spend money we don't have.

So, we were already running a trillion dollars short just with our normal budgetary expenses for the year. We added $3 trillion. Now they're talking about another $1 trillion to $2 trillion. We're going to borrow $5 trillion in five months.

I remember when conservatives complained about George W. Bush borrowing $5 trillion in eight years. We're going to borrow $5 trillion in five months?

Look at gold. Gold's over $2,000 an ounce. People are worried. The politicians are out here saying, oh, no, we just have to buy more voters by flooding the economy with money.

Well, guess what? What if conservatives or libertarians that vote Republican decide, the hell with it, you're acting like Democrats, we're either staying home or voting for a third party? You know what? They might just lose this election because they're acting like Democrats now.

And so I'm very upset with my colleagues. They went eight years. They should apologize now to President Obama for complaining that he was spending and borrowing too much. He was a piker compared to their borrowing that they're doing now.

So, yes, these Republicans, they should have to apologize, and they should, by law, be forbidden from ever saying that they're fiscally conservative. That's just tongue in cheek.

Paul told Fox News's Neil Cavuto that his colleagues are "once again making President Obama look conservative" by adding $600 a week to unemployment benefits. Even Obama didn't do that:

"What did they do in 2008?" Paul asked.

They simply extended the benefits, but they didn't ramp up the benefits. When you increase the benefits and you pay people, the government pays them more for not working than they were getting for working, you institutionalize unemployment.

Even President Obama didn't do that. They extended unemployment, which is actually something I would vote for, to extend unemployment at the level that it is, has always been decided to be, not adding to it at the level that the states have decided they can afford. That, as a temporary measure, would have been OK.

But you can't keep doing this. We can't keep borrowing another trillion dollars every couple of months. The only way to fix this government-mandated depression is get rid of the government mandates and let the economy function as it did normally.

We had a great economy, until the government mandated this depression.

Paul, a physician, has previously said the economic shutdown was a mistake, and like President Obama, he wants schools to open: "I think schools should be declared essential. We keep hospitals open. I think we ought to keep schools open, because I think they're essential to our society."

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