Senator Rand Paul has dropped a bombshell prediction about the Democrats’ insane COVID bill, and the effects it could have on the United States’ economy.
Will the United States be the next Venezuela? If the Democrats have their way, the answer will likely be yes, but not for the reason you think.
Though the left’s socialist policies, if implemented, will lead to the destruction of the U.S. in a similar way to that of Venezuela, Kentucky Senator Rand Paul has revealed another Venezuela-like scenario currently being played out in the nation’s capitol: the never-ending money printer.
In a tweet, Rand Paul called out the Democrat-led Congress for its reckless spending by pointing out the inevitable consequences. Sharing an article from Bloomberg entitled “Hyperinflation Pushes Venezuela to Print 1,000,000-Bolivar Bills,” the senator asked the most important question:
“New 1,000,000 bolivar note in Venezuela worth 53 cents. Will US be the next Venezuela with Congress borrowing over $6 trillion in one year?”
New 1,000,000 bolivar note in Venezuela worth 53 cents. Will US be the next Venezuela with Congress borrowing over $6 trillion in one year?
Hyperinflation Pushes Venezuela to Print 1,000,000-Bolivar Bills – Bloomberg https://t.co/IzPGWrNAwv
— Senator Rand Paul (@RandPaul) March 7, 2021
Rand Paul’s prediction came just one day after the Senate passed the Democrats‘ $1.9 trillion “COVID relief” bill in a party line vote of 50-49. The legislation was COVID relief in name only, as only a small percentage of the bill actually went towards helping the American people who have been suffering because of the coronavirus and the authoritarian lockdowns imposed in Democrat states and cities.
According to reporting by libertarian news outlet Reason, “just 1 percent of the relief plan’s spending would go toward vaccines, and just 5 percent would go toward pandemic-related public health needs. Meanwhile, 15 percent of the spending—about $300 billion—would be spent on long-standing policy priorities that are not directly related to the current crisis.”
These “long-standing policy priorities” are really just far-left agenda items like bailouts for failing Democrat states and giving more funding to failing schools despite the fact that teachers and their unions refuse to even open schools for in-person learning. All of this wasteful spending is just going to lead to inflation and a rising cost of living, eventually devaluing the dollar just as Venezuela de-valued the bolivar.