Rand Paul says U.S. still in recession and government has made it worse
08/31/2011 08:01 AM
The United States is either heading into a double-dip recession or has never really clawed its way out of the recession that began in 2008, said Republican U.S. Sen. Rand Paul.
“It is kind of a prolonged thing. Some of the sectors of the economy started to grow again. And some of it was artificial,” he said at the start of the interview.
Paul said the federal government’s approach, such as the $787 million stimulus bill, “is still not working.” (2:00 into the interview).
And he said the U.S. Federal Reserve has erred by keeping interest rates low. (2:20)
Paul said his office has received 230,000 calls from Kentuckians and people across the country. “We try to answer every message,” he said. (5:40). Many of those were supportive of his vote against raising the debt ceiling earlier this month, he said. Paul opposed increasing that level from $14.3 trillion because it didn’t come with corresponding spending cuts.
Paul also answered questions about how to cut spending without scrapping whole programs. (7:00)
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