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.