Rand Paul headed to the Senate floor...

[Todd]

Boeing is going bankrupt. The hospitality industry is going bankrupt. The biggest private equity firm Blackstone is about to be insolvent. Las Vegas is bankrupt.

It would be 2030 before things in bankruptcy got settled in this country. If we have a Great Depression scenario, the S&P 500 would hit 1993 levels. That will work out real great for 401ks and pension funds.

Rand is a doctor not someone with any finance experience. Rand has no comprehension of what is happening right now. He thinks this is some little flu bug and things will be back to normal in a few weeks. And if a few companies go bankrupt then good. Get rid of those bad apples and it will be like 1920. He doesn't get like 70% of the companies in the country can't survive for more than a few months without any revenue.

I do agree that a service based economy cannot stand this for long, but Rand calling for the right thing to do is not the problem.

 

[Krugminator2]

You're not convincing me. How does any of that make it a okay to continue spending money on frivolous perks for foreigners?

That first bill was only $8 billion. Let's just say all of Rand's proposals would cover $8 billion.

The response to this is going to need to be a couple of trillion minimum. So Rand's cuts will pay for .01%.

 

[jmdrake]

That first bill was only $8 billion. Let's just say all of Rand's proposals would cover $8 billion.

The response to this is going to need to be a couple of trillion minimum. So Rand's cuts will pay for .01%.

Okay. Let's be honest here. Rand's amendment is not going to pass. It never was. It's a truth seed. Andrew Yang's UBI didn't have a snowball's chance in hell just a month ago. Now it's all the rage. Sometimes injecting some truth serum is more important than the hand wringing over what might happen if the truth serum was actually taken. But let's say it was taken. How much would we save not just today, but over the next 50 to 100 years if we finally pulled back from the Middle East? Not just cash money, but also the lives of U.S. soldiers?

 

[Warlord]

Proud of Rand for standing up. I can only hope Kentuckians feel the same because the media will spin this it as being mean and cruel.

 

[Warlord]

Here's how the KY Courier Journal is reporting it:

Senate rejects Rand Paul's amendment to emergency coronavirus bill

The U.S. Senate overwhelmingly rejected Republican Rand Paul's efforts on Wednesday to offset spending in an emergency coronavirus response bill.

Paul, of Kentucky, argued mightily during a floor speech for senators to pay for the $100 billion stimulus package approved by the Democratic-controlled House by cutting funding for wars or "frivolous" programs.

"I ask my colleagues to stop wasting money in this time of crisis," he said. "Stop being a rubber stamp for wasteful spending — do your jobs and prioritize our precious resources. It is our job and our responsibility to conserve our resources."

The amendment would require a Social Security number for purposes of the child tax credit; to provide the president the authority to transfer funds as necessary; and terminate U.S. military operations and reconstruction activities in Afghanistan.

The GOP-controlled Senate, however, dismissed Paul's plan by a 95-3 vote with Republican Sens. Mike Braun, of Indiana, and Mike Lee, of Utah, joining him.

Paul's effort put him on the receiving end of criticism from several Senate Democrats, who described the amendment as a "poison pill" that had no place in a debate about a national health emergency.

“In a time of national emergency, this Republican amendment is ridiculous," said Minority Leader Chuck Schumer, of New York. "A colossal waste of time."

Paul's move also put him at odds with Senate Majority Leader Mitch McConnell, also of Kentucky, who has been urging quick passage of the measure.

McConnell stressed that he did not believe the Senate should let perfection be the enemy of something that will help even a subset of workers.

"The men and women who pour their entire lives into small businesses do not need even more new obstacles," McConnell said Wednesday. "They need help. They need a lifeline. They need to know that Congress understands the historic obstacles they are facing, and that we have their back, too."

Paul was blamed for keeping the Senate from voting on the bill Tuesday night, according to NBC News, which cited two leadership sources.

Paul spokeswoman Kelsey Cooper said there was an agreement to have the amendment voted upon, and that there was no delay due to Paul's office.

On March 5, Paul made headlines for being the sole "no" vote when the Senate approved $8.3 billion in emergency aid to fight the coronavirus. More than $7 million of that has gone to Kentucky, which has reported more than 25 positive cases of COVID-19.

Paul's office did not address questions related to The Courier Journal's report that he attended an event in Louisville where two guests tested positive for COVID-19.

The senator's spokeswoman said he "didn't interact with the known infected individuals" but did not directly address whether he had been tested or would self-quarantine.

Paul was among dozens of attendees, including Rep. John Yarmuth, Mayor Greg Fischer and Gov. Andy Beshear, at the Speed Art Museum's March 7 fundraiser.

Yarmuth, Fischer and Beshear announced they had all been tested and the results were negative for COVID-19.

https://www.courier-journal.com/sto...d-pauls-amendment-rejected-senate/2863112001/

 

[nobody's_hero]

Boeing is going bankrupt. The hospitality industry is going bankrupt. The biggest private equity firm Blackstone is about to be insolvent. Las Vegas is bankrupt.

It would be 2030 before things in bankruptcy got settled in this country. If we have a Great Depression scenario, the S&P 500 would hit 1993 levels. That will work out real great for 401ks and pension funds.

Rand is a doctor not someone with any finance experience. Rand has no comprehension of what is happening right now. He thinks this is some little flu bug and things will be back to normal in a few weeks. And if a few companies go bankrupt then good. Get rid of those bad apples and it will be like 1920. He doesn't get like 70% of the companies in the country can't survive for more than a few months without any revenue.

I see absolutely nothing wrong with saying we should cut money elsewhere if we're going to spend it here, or that we would be prepared for this pandemic if we hadn't been wasting money for the past . . . century. It's actually a good point. We're not prepared to handle this. We've been blowing money on useless wars and stupid grants for idiotic studies and now when we need the money for something potentially worthwhile it's going to have to be printed out of thin air (well it has been for those other things too, but now even more so).

I'd say if anyone doesn't take it seriously, it's everyone who thinks those other things are just as important or worthy of spending money on, not Rand.