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Sen. Rand Paul, R-Ky., spoke out in opposition against the $484 billion small business package that was passed in the Senate Tuesday and warned, “no amount of bailout dollars will stimulate an economy that is being strangled by quarantine.”
Paul did not block the bill that was later approved during a voice vote. The funding will replenish the Paycheck Protection Program and provide additional funding for hospitals.
“The one choice that will get our economy growing again is reopening American commerce,” Paul said. He pointed out that the virus bailouts have already cost $2 trillion and said the annual deficit this year will approach $4 trillion.
“We can’t continue on this course,” he said. “No amount of bailout dollars will stimulate an economy that is being strangled by quarantine.”
He continued, “This economic calamity will only be resolved when we begin to reopen the economy.”
By Knewz ReportSen. Rand Paul, R-Ky., spoke out in opposition against the $484 billion small business package that was passed in the Senate Tuesday and warned, “no amount of bailout dollars will stimulate an economy that is being strangled by quarantine.”
Paul did not block the bill that was later approved during a voice vote. The funding will replenish the Paycheck Protection Program and provide additional funding for hospitals.
“The one choice that will get our economy growing again is reopening American commerce,” Paul said. He pointed out that the virus bailouts have already cost $2 trillion and said the annual deficit this year will approach $4 trillion.
“We can’t continue on this course,” he said. “No amount of bailout dollars will stimulate an economy that is being strangled by quarantine.”
He continued, “This economic calamity will only be resolved when we begin to reopen the economy.”