Sen. Rand Paul on future of economic growth
Kentucky lawmaker speaks out
- Duration 2:38
- Date Mar 5, 2013
Kentucky lawmaker speaks out
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To -- Republican senator Rand Paul says.
That of the markets were really worried about that happening they have had -- since had a funny way of showing it senator I don't think the markets were one.
I -- -- concerned about those restrictions adult.
Well I -- -- if they knew the truth they'd be even less concerned this sequestration cuts are really just a slowdown in the rate of growth.
And so we can absorb this.
It actually be good for the economy because the debt is such a burden of the debt causes.
Loss of jobs and less jobs be created so we have less dot less -- less debt we'll have more jobs created.
Now -- Play this politically market averages says both sides of want to do and your blog that sort of like but that enables your -- they -- A big government spending has gotten us back in these markets back.
And Republicans will say.
You know always being you know aggressive about reining in spending and and taking our victories where and when we -- Hasn't gotten us here what is.
Well you know money spent by the government bureaucrats get to decide where that spent money spent in the marketplace the consumer decides.
So money spent by the government is inefficiently spent it doesn't really efficiently distribute goods to the people.
-- -- money spent directed by consumer decisions by 300 million people.
Voting every day in the marketplace.
That's spent more efficiently.
And so I -- save your create jobs you want more money in the private marketplace for less money thing.
Now are you surprised we were showing a little while ago senators are speaking out homebuilders have been doing banks have been doing of late.
They're off their lows I stressed that it would most of them are from the -- five years ago there's still under water from that period.
But but of late they're there they're coming back clawing back more of them that the term.
Are you confident they'll continue.
-- now I had I don't know and the thing is is that I'm a little worried that some of the economic recovery forgetting it.
Is illusory in the sense that it's coming from.
Quantitative easing it's coming from not.
This false sense of prosperity you get when new money comes into the system.
But then once it chases goods long enough prices rise and there was an illusion of gain -- -- a profit.
But it's not really there are so I think it's still very tenuous.
I think there is great and stuff -- prosperity that could come for the marketplace but the way to do it's not by printing more money and not by creating more debt.
All right thank you senator good seeing you again senator Rand Paul.
The Russell Condit in Washington seem to be --