Senator Rand Paul on the Revolving Door
Barbara: The last time you were in New Hampshire, Senator Paul, you said “If a corporation gets a billion dollars in government contracts, they shouldn't be allowed to use any of that money to fund election campaigns and to lobby congress for more contracts.” What will you do to end the revolving door between congress and lobbyists?
Rand Paul: We actually have rules, but they get around the rules somehow, because all money is fungible. They say “Oh, we didn't take the money and use it to lobby for more money.” But in reality, quite a bit of that money seems to go out the door and immediately start lobbying. There is a revolving door between Wall St. and the Fed and Treasury. There's a revolving door between big business and government. There's probably $20 Billion in direct subsidies to big business. Why would big corporations be getting any money from government? We could end all of that tomorrow.