Rand Paul Says He's Considering GOP Alternative To Detroit BailoutSubmitted by legalizeliberty on Tue, 08/06/2013 - 15:06
Sen. Rand Paul (R-Ky.) said Tuesday he has begun talks with his legislative staff about drafting a conservative alternative to a possible federal bailout of Detroit if the White House and congressional Democrats push to rescue the city from financial ruin.
During a phone interview on Glenn Beck's radio show, Paul said he might push a Republican plan to assist Detroit that would emphasize conservative pet policies to stimulate economic growth and bring the troubled municipality back to fiscal well-being.
"I think there is a way, in an economically depressed zone, to have some tax forbearance, reduce some taxes, encourage people to come in and take abandoned property," he said. "I will not be for borrowing any money from China to try to bail out Detroit, particularly if they continue the same policies."
Paul also said he hopes the proposal could generate support for Republicans in the overwhelmingly Democratic city.