Rand Paul on The Economy

Last Updated : Jul 16, 2010

Summary

Rand Paul has stated that he opposes both TARP and the stimulus. He opposes the notion that printing money for people to purchase things as stimulus does not build the wealth of a nation.

 

Opposition the stimulus

At a Kentucky chamber of commerce debate, Dr. Paul discussed what (in his opinion) is the myth that government can create jobs.

 

Opposition to TARP, Stimulus, and Inflation

In an August 2009 appearance on CNN, Rand Paul spoke about his opposition to TARP, the stimulus, and how it leads to inflation.

 

Courier-journal

In 2010, the Courier-journal asked the Senate candidates a series of questions. When asked about bailouts, Rand Paul responded in the following way.

 

Campaign Website Statements

 

 

 

Sponsored and Cosponsored Legislation

Session-112; Bill Number-S 18; Small Business Paperwork Mandate Elimination Act - Cosponsor

Amends the Internal Revenue Code to repeal a provision (added by the Patient Protection and Affordable Care Act) that extends to corporations that are not tax-exempt the requirement to report payments of $600 or more. Rescinds $39 billion of appropriated but unobligated discretionary funds. Exempts unobligated funds of the Department of Defense (DOD) or the Department of Veterans Affairs (VA). Requires the Director of the Office of Management and Budget (OMB) to determine and identify from which appropriation accounts such rescissions shall apply and report to the Secretary of the Treasury and Congress on such rescissions.

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