Rand Paul: We’re Borrowing Money from China for Free Health Care

EXCERPT:

PAUL: "Well, see, on the one hand, you can offer people free stuff. You can say, 'I’ll give you free healthcare,' and people go, 'Oh, thank you for free healthcare.' But what you don’t tell them is we’re borrowing the money from China to pay for your healthcare so we run a deficit, $2 trillion, which leads to inflation, which leads to rising prices, which squeezes you on the other side. So the bottom line is, there is no free lunch. You can offer people free stuff, but if you’re borrowing money to do it, you end up punishing them with inflation. The same people that are getting the free stuff are also being punished by inflation and never seem to creep out of poverty or climb up out of poverty. So it’s a bait and switch. It isn’t good.”