Saturday, March 24, 2012

Rand Paul: Shrinking Dollar Behind Climb in Gas Prices

Sen. Rand Paul spoke before a joint meeting of the Richmond and Berea, Kentucky chambers of commerce Friday and said:
Gasoline is not more scarce than it was a year ago.  The value of your dollar is shrinking because your government runs up a massive debt and then prints money to pay it.
He also said that working-class people, the elderly on fixed incomes and new graduates entering the work force need to realize, “Big government is not your friend.”

“When they say, ‘We’re going to give you this. It’s free.' It’s not free. They’re destroying the dollar,” he said. “This year you’ll pay four bucks for a gallon of gas. Next year you’ll pay five.”

About 40 percent of every dollar the federal government spends is borrowed, Paul continued. That is about $4 billion a day and adds up to more than $1 trillion a year.

“This is unsustainable,” Paul said.

America is close to having half of its people receiving a government check, he said, and that promises to induce an economic crisis such as Europe is experiencing.

Greece is “ahead” of the U.S., Paul said, because more than 60 percent of its people receive a government check to which they feel entitled and refuse to give up.

1 comment:

  1. There he goes making sense again. Can't have that!

    The apple doesn't fall far from the tree.