Archive for the ‘Rand Paul’ Category

Rand Paul: US needs to wake up to profound repercussions of Biden spending – Fox Business

Kentucky Senator Rand Paul discusses the Biden administrations spending and tax plans.

Kentucky Senator Rand Paul argued recent government spending will have "profound repercussions" on FOX Business "Cavuto: Coast to Coast."

SEN. RAND PAUL & AFP'S TIM PHILLIPS: THE PRO ACT UNDERMINES WORKERS' RIGHTS AT THE WORST POSSIBLE TIME

RAND PAUL: I think when the Fed says this is transitory -- and mostly supporters of the Fed back the Fed up and say it's transitory -- I think that's an excuse for government spending and borrowing. It's sort of from the same kind of lexicon of deficits don't matter. So we added four or five trillion dollars worth of debt last year. We're going to do probably the same again this year.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

There are those of us who believe there are repercussions, that this isn't a transitory blip -- that what you've caused is a massive misallocation of resources, a massive infusion of cash into the stock market, and that there is a time in which people wake up and say the emperor has no clothes. And at that moment in time, you will discover that there's a lot of capital that's gone in the wrong direction, that demand is exceeding supply and all these supply chain things is because we've disrupted the normal marketplace. But I don't think it's as benign as people say it's going to be. I think it's going to have profound repercussions and that we're just getting started.

CLICK HERE TO READ MORE ON FOX BUSINESS

Were going to have massive debt added -- we're already doing it. But now we're talking about punitive corporate taxes. And even worse than punitive corporate taxes is punitive capital gains taxes, which I think is probably, more than anything, got the market skittish.

CLICK HERE TO WATCH THE FULL INTERVIEW

Read more here:
Rand Paul: US needs to wake up to profound repercussions of Biden spending - Fox Business

A Top Rand Paul Donor Is Dropping Big Bucks to Elect Andrew Yang Mother Jones – Mother Jones

Let our journalists help you make sense of the noise: Subscribe to the Mother Jones Daily newsletter and get a recap of news that matters.

A new ad supporting former Democratic presidential candidate Andrew Yang in the New York City mayoral race comes with an interesting disclosure at the end: The top three spenders responsible for the ad are all Republican megadonors.

GOP support for Yang, who is running in the citys Democratic primary, is showing up in donations to super PACs, which can accept unlimited amounts of cash. Jeff Yass, a libertarian billionaire and longtime supporter of Sen. Rand Paul (R-KY), is the first name listed on the pro-Yang ad from a super PAC called Comeback PAC. Andrew has a lot of libertarian leanings, Yasswho has bankrolled numerous Republicanstold Politico recently. He is not quite a libertarian, to say the least, but he has those leanings.

As I wrote earlier this week, Yang is viewed suspiciously by many New York progressives, who see him as a corporate-style Democrat with libertarian tendencies. Yangs centrist leanings are most apparent in his views on business and economics, and his campaign is being guided by a consulting and lobbying firm that has run campaigns to stop tax hikes on the wealthy.

Two other major GOP donors round out the list on the super PACs ad disclosure. Kenneth Griffin has spent millions in recent years to elect national Republicans. Daniel Loeb has supported Republicans, as well as New York Gov. Andrew Cuomo, a moderate Democrat.

Griffin and Loeb, both hedge fund managers, have hedged their bets in the mayorsraceby also donating a combined $2 million to a super PAC supporting Eric Adams, another moderate candidate who recently overtook Yang in some polls.

These three arent the only big-money donors jumping into the Democratic primary. Republican donor and oil magnate John Hess has donated $1 million to support Ray McGuire, a Wall Street executive who is seen as another centrist in the field. George Soros dropped $500,000 to support progressive Maya Wiley. And unions have likewise opened their pocketbooks to support progressives who are currently trailing Yang and Adams. Shaun Donovan, former HUD secretary under President Barack Obama, has benefited from nearly $7 million in outside spending from his father, Michael Donovan.

Link:
A Top Rand Paul Donor Is Dropping Big Bucks to Elect Andrew Yang Mother Jones - Mother Jones

Rand Paul Warns America: Time to ‘Wake Up’ to ‘Profound Repercussions’ of Biden’s Spending Binge | Brad Polumbo – Foundation for Economic Education

The federal government has broken the bank with an astounding $6+ trillion in (ostensibly) pandemic-related spending to date, and President Biden wants to spend trillions more. Unfortunately, many Republicans in Congress have been too inconsistent on this issue to protest this spending binge in any meaningful way.

But one of the few principled fiscal conservatives left in Washington, Senator Rand Paul, is warning Americans to wake up to the profound repercussions this big government blowout will have. In a Wednesday interview with Fox Business, Paul argued that mounting inflation levels are a serious cause for concernnot temporary, as proponents of big government insist. His warning comes after new data show inflation is at a 12-year high, with price levels increasing, at minimum, 4.2% over the last year.

When the [Federal Reserve] says this [inflation] is transitory, I think that's an excuse for government spending and borrowing, the senator said. It's sort of from the same kind of lexicon of deficits don't matter.

But our spending levels arent sustainable. We added four or five trillion dollars worth of debt last year, Paul added. We're probably going to do the same again this year.

Its more than just bad budgeting, the senator warned. What you've caused is a massive misallocation of resources, a massive infusion of cash into the stock market.

There is [going to be] a time in which people wake up and say the emperor has no clothes, Paul said. And at that moment in time, you will discover that there's a lot of capital that's gone in the wrong direction, that demand is exceeding supply... because we've disrupted the normal marketplace.

Rands point about misdirected capital is a reference to the Austrian Business Cycle Theory, which explains how the creation of new money (generally by central banks like the Fed) causes distortions in the economy that must eventually be ironed out by a corrective crash. (For more on this, check out this FEE article by economist Jonathan Newman.)

I don't think it's as benign as people say it's going to be, Senator Paul said. I think [the spending blowout] is going to have profound repercussionsand that we're just getting started.

Like this story? Clickhereto sign up for the FEE Daily and get free-market news and analysis like this from Policy Correspondent Brad Polumbo in your inbox every weekday.

WATCH: Econ Professor Explains INFLATION (And Why YOU Should Care)

See more here:
Rand Paul Warns America: Time to 'Wake Up' to 'Profound Repercussions' of Biden's Spending Binge | Brad Polumbo - Foundation for Economic Education

Rand Paul Reintroduces Bill Aimed at Blocking FDA Regulation of LDTs – 360Dx

NEW YORK US Sen. Rand Paul, R-Kentucky,on Tuesday reintroduced a bill that would prevent the US Food and Drug Administration from regulating laboratory-developed tests.

The bill, called the Verified Innovative Testing in American Laboratories, or VITAL,Act of 2021, would place regulation of lab-developed tests under the authority of the US Health and Human Services secretary under the Public Health Services Act, and "no aspects of lab-developed testing procedures shall be regulated under the Federal Food, Drug, and Cosmetic Act, including during a public health emergency."

The FD&C Act gives the FDA authority to regulate devices, which the agency has historically argued includes LDTs, and gives it broad authority to stipulate requirements for test providers (or exempt them from requirements) during emergencies. However, the FDA has largely practiced "enforcement discretion" over most LDTsand left the Centers for Medicare & Medicaid Services to oversee labs under CLIA.

Paul originally introduced the bill in March of 2020. It represents an alternative to the Verifying Accurate, Leading-edge IVCT Development, orVALID,Act that was introduced that same month in the Senate and House of Representatives, but which did not receive a vote during that session of Congress. The VALID Act would have created a new risk-based oversight framework for so-called in vitro clinical tests, a category comprising lab-developed tests and test kits. The FDA would have authority over these tests.

Both the VITAL and VALID acts would settle the long-running debate within the industry as to FDA's authority over LDTs.

Paul and other supporters of the bill have taken the position that VITAL is needed to update CLIA and keep LDTs away from burdensome FDA oversight in light of the slow federal response to expand access to SARS-CoV-2 virus tests during the present pandemic. This argument has gained momentum in the year since Paul originally introduced the bill. HHS in August 2020 issueda determination that the FDA cannot require premarket review of LDTs without notice and comment rulemaking.

This decision by HHS recapitulated a claim made for years by many in the laboratory industry that the FDA cannot expand its authority over LDTs through guidancesbut must do so through notice-and-comment rulemaking, a much more involved process. Guidances, historically, have been the FDA's preferred method of articulating its regulatory requirements over segments of the lab industry.

While the HHS statement did not preclude the FDA from regulating LDTs through notice-and-comment rulemaking, some observers suggested the agency wouldn't take such a route, given the investment in time and effort required.

The Association for Molecular Pathology, or AMP,and the Association of Pathology Chairs, or APC,issued statements Tuesday supporting the passage of VITAL.

"This important support by members of Congress for the VITAL Act addresses the serious consequences experienced by our nation when laboratory tests are regulated like medical devices," said Lydia Howell, the president ofAPC. She is also a professor and chair of pathology and laboratory medicine at the University of California Davis School of Medicine.

"In the earliest and most frightening days of the pandemic, CLIA-accredited academic clinical laboratories could have used their valuable expertise and resources to expand SARS-CoV-2 diagnostic testing in their communities, but were unable to do so due to inappropriate FDA restrictions.Priceless weeks were lost, making the urgency to address these issues now even more clear," she added.

Read more:
Rand Paul Reintroduces Bill Aimed at Blocking FDA Regulation of LDTs - 360Dx

To the Bat Cave: In Search of Covids Origins, Scientists Reignite Polarizing Debate on Wuhan Lab Leak – Kaiser Health News

Arthur Allen

Once dismissed as a conspiracy theory, the idea that the covid virus escaped from a Chinese lab is gaining high-profile attention. As it does, reputations of renowned scientists are at risk and so is their personal safety.

It can be republished for free.

At the center of the storm is Peter Daszak, whose EcoHealth Alliance has worked directly with Chinese coronavirus scientists for years. The scientist has been pilloried by Republicans and lost National Institutes of Health funding for his work. He gets floods of threats, including hate mail with suspicious powders. In a rare interview, he conceded that he cant disprove that the deadly covid-19 virus resulted from a lab leak at the Wuhan Institute of Virology though he doesnt believe it.

Its a good conspiracy theory, Daszak told KHN. Foreigners designing a virus in a mysterious lab, a nefarious activity, and then the cloak of secrecy around China.

But to attack scientists is not only shooting the messenger, he said. Its shooting the people with the conduit to where the next pandemic could happen.

Yet what if the messengers were not only bearing bad news but also accidentally unleashed a virus that went on to kill more than 3 million people?

The generally accepted scientific hypothesis holds that the covid virus arose through natural mutations as it spread from bats to humans, possibly at one of Chinas numerous wet markets, where caged animals are sold and slaughtered. An alternative explanation is that the virus somehow leaked from the Wuhan Institute, one of Daszaks scientific partners, possibly by way of an infected lab worker.

The lab leak hypothesis has picked up more adherents as time passes and scientists fail to detect a bat or other animal infected with a virus that has covids signature genetics. By contrast, within a few months of the start of the 2003 SARS pandemic,scientists found the culprit coronavirus in animals sold in Chinese markets. But samples from 80,000 animals to date have failed to turn up a virus pointing to the origins of SARS-CoV-2 the virus that causes covid. The viruss ancestors originated in bats in southern China, 600 miles from Wuhan. But covid contains unusual mutations or sequences that made it ideal for infecting people, an issue explored in depth by journalist Nicholas Wade.

Scientists from the Wuhan Institute have collected thousands of coronavirus specimens from bats and registered them in databases closed to inspection. Could one of those viruses have escaped, perhaps after a gain of function experiment that rendered it more dangerous?

Daszak, who finds such theories specious, was the only American on a 10-member team that the World Health Organization sent to China this winter to investigate the origins of the virus. The group concluded its work without gaining access to databases at the Wuhan Institute, but dismissed the lab leak hypothesis as unlikely. WHO Director-General Tedros Adhanom Ghebreyesus, however, said the hypothesis requires further investigation.

On Friday, 18 virus and immunology experts published a letter in the journal Science demanding a deeper dive. Theories of accidental release from a lab and zoonotic spillover both remain viable, they said, adding that the Wuhan Institute should open its records. One of the signatories was a North Carolina virologist who has worked directly with the Wuhan Institutes top scientists.

That demand is definitely not acceptable, responded Shi Zhengli, who directs the Center for Emerging Infectious Diseases at the Wuhan Institute. Who can provide evidence that does not exist? she told MIT Technology Review. Shi has said that thousands of attempts to hack its computer systems forced the institute to close its database.

Many leading virologists continue to believe that zoonotic transmission from a bat or some other animal to a human remains the most likely origin story. Yet the lack of evidence for that is troubling, 17 months after the emergence of covid, said Stanley Perlman, a University of Iowa virologist who was not among the Science letter signatories.

The fact that no bat or other animal has been found infected with anything resembling the covid virus, which suddenly swept through Wuhan at the end of 2019, has put the lab leak hypothesis back on the table, although there is no evidence supporting that theory either, he said.

Alina Chan, a Broad Institute postdoctoral researcher who signed the Science letter, agrees that there is no dispositive evidence either way for covids emergence. But a network of amateur sleuths have put together evidence, she said, that the Wuhan Institute has covid-like viruses in its collection that it has not deposited in global databases, as would be customary during a global pandemic. Chan and others are particularly curious about a bunch of SARS-like viruses that the institute collected from a cave in Yunnan province where guano miners suffered a deadly outbreak of respiratory disease in 2012.

We dont have access to that data, Chan said. She and other scientists wonder why the covid virus was so ideally suited to human-to-human transmission from the onset without signs of an intermediate host or circulation in the human population before the Wuhan outbreak.

In a paper posted to a virology forum last week, Robert Garry of Tulane University, who doubts the lab leak hypothesis, brought forth a new fragment of spillover evidence: The WHO report shows that some of the first 168 cases of covid were linked to two or more animal markets in Wuhan, he said, with strains from different markets showing slight differences in their genetic sequence. Maybe one animal was in a truck with a bunch of cages and then it spread it to another species and thats where the shift took place, Garry said.

Garry and other international scientists have worked with Shi and her lab for years. The evidence for Garrys supposition isnt airtight, he admitted, but its more convincing than contriving something where some of the worlds leading virologists are covering up at the behest of the Chinese Communist Party, he said.

Shi has no greater defender in the United States than Daszak, whose EcoHealth Alliance was a wildlife protection organization when he joined it two decades ago. The group has since expanded its goals from protecting endangered animals to protecting humans endangered by the pathogens trafficked with those animals. The more than $50 million EcoHealth Alliance had received in U.S. funding since 2007 includes contracts and grants from two NIH institutes, the National Science Foundation and the U.S. Agency for International Development, as well as Pentagon funds to look for organisms that could be fashioned into bioterror weapons.

Daszak has co-authored at least 21 research papers on bat coronaviruses since 2005, finding hundreds of viruses capable of infecting people. He estimated that about 1 million people a year are infected with bat viruses a number thats grown as humans encroach on bat habitats.

He recalled a 2019 visit to a cave filled with millions of bats. Tourists were going in there in shorts, and we were in there in full PPE. They asked us, What are you doing? and we told them, Were looking for viruses like SARS.

In April 2020, citing what he said was evidence of the viruss link to the Wuhan lab, President Donald Trump ordered the NIH to cancel a five-year, $3.7 million grant for EcoHealth Alliances bat virus research. But about 70% of the groups annual $12 million budget continues to come from the U.S. government, Daszak said.

When the NIH grant was frozen, Daszak called the lab leak hypothesis pure baloney, saying he was confident his Chinese scientific partners were not hiding anything. But he admits it is impossible to disprove.

There are plenty of reasons to question Chinas openness and transparency on a whole range of issues including early reporting of the pandemic, he told KHN. You can never definitively say that what China is telling us is correct.

Daszak said he thinks it more likely that China is covering up the role of the countrys wildlife markets in covids origin. Farming of these animals employs 14 million people, and the government has closed and reopened the markets since SARS. Following the covid outbreak, the Chinese authorities investigation of Wuhans animal markets, where the virus could have mutated after passage through different species, was incomplete, Daszak said.

People dont realize how sensitive China is about this, he said. Its plausible that they recognized there were cases coming out of a market and they shut it down.

A Controversy With Roots

The scientific conflict over the lab hypothesis is partly rooted in a debate over gain-of-function experiments, work that in theory could lead to the creation and release of more infectious or deadly organisms. In such experiments, scientists in a lab can, for example, test a viruss ability to mutate by exposing it to different cell types or to mice genetically engineered with human immune system traits.

At least six of the 18 signatories of the Science letter are part of the Cambridge Working Group, whose members worry about the release of pathogens from the growing number of virus labs around the world.

In 2012, Dr. Anthony Fauci, who leads NIHs National Institute of Allergy and Infectious Diseases, came out in support of a moratorium on such research, posing a hypothetical scenario involving a poorly trained scientist in a poorly regulated lab: In an unlikely but conceivable turn of events, what if that scientist becomes infected with the virus, which leads to an outbreak and ultimately triggers a pandemic? Fauci wrote.

In 2017, the federal government lifted its pause on such experiments but has since required some be approved by a federal board.

In his questioning of Fauci in the Senate last week, Sen. Rand Paul (R-Ky.) cited a 2015 paper written by Shi, Ralph Baric of the University of North Carolina and others in which they fused a SARS-like virus with a novel bat virus spike protein and found that it sickened research mice. The experiment provided evidence of the perils that lurked in Chinese bat caves, but the authors also raised the question of whether such studies were too risky to pursue.

.@RandPaul: "Dr. Fauci, do you still supportNIH funding of the lab in Wuhan?" Dr. Anthony Fauci: "Senator Paul, with all due respect, you are entirely and completely incorrect"Full video: https://t.co/ILTKlTSQdC pic.twitter.com/t0HxwsWXmm

Critics have jumped on this paper as evidence that Shi was conducting gain of function experiments that could have created a superbug, but Shi denies it. The research cited in the paper was conducted in North Carolina.

Using a similar technique, in 2017, Barics lab showed that remdesivir currently the only licensed drug for treating covid could be useful in fighting coronavirus infections. Baric also helped test the Moderna covid vaccine and a leading new drug candidate against covid.

Research into covid-like viruses is vital, Baric said. A terrible truth, he said, is that millions of coronaviruses exist in animal reservoirs, like bats, and unfortunately many appear poised for rapid transmission between species.

Baric told KHN he does not believe covid resulted from gain-of-function research. But he signed the Science letter calling for a more thorough investigation of his Chinese colleagues laboratory, he said in an email, because while he personally believe[s] in the natural origin hypothesis, WHO should arrange for a rigorous, open investigation. It should review the biosafety level under which bat coronavirus research was conducted at the Wuhan Institute, obtaining detailed information on the training and safety procedures and efforts to monitor possible infections among lab personnel.

Fauci also told KHN, in an email, that we at the NIH are very much in favor of a thorough investigation as to the origins of SARS-CoV-2.

Scaling the Wall of Secrecy

U.S.-China tensions will make it very difficult to conclude any such study, scientists on both sides of the issue suggest. With their anti-China rhetoric, Trump and his aides could not have made it more difficult to get cooperation, said Dr. Gerald Keusch, associate director of the National Emerging Infectious Diseases Laboratory Institute at Boston University. If a disease had emerged from the U.S. and the Chinese blamed the Pentagon and demanded access to the data, what would we say? Keusch asked. Would we throw out the red carpet, Come on over to Fort Detrick and the Rocky Mountain Lab? Wed have done exactly what the Chinese did, which is say, Screw you!

Still, while China has shut off its laboratories to outside inquiry, that doesnt mean all investigative avenues are closed, Chan said. Many Chinese scientists were in contact with colleagues and journals outside the country as the pandemic emerged. Those communications may contain clues, Chan said, and someone should methodically interview the contacted individuals.

Its worth recalling that the only U.S. bioterror attack so far in the 21st century consisted of a U.S. bioterrorism researcher mailing anthrax spores to politicians and journalists. Hundreds of millions of dollars go into researching organisms around the world and there are risks of leaks, accidental or intentional, no matter how sophisticated the lab, Chan said.

But it would be unwise to limit support for global virus research, said Jonna Mazet, a University of California-Davis professor who led a USAID-funded program that trained scientists around the world to collect and research animal viruses. For her pains, she has received death threats and hacking attacks on her computers and home alarm system.

If we dont do the work, she said, were just sitting ducks for the next one.

KHN correspondent Rachana Pradhan contributed to this report.

This story was produced by KHN, which publishes California Healthline, an editorially independent service of the California Health Care Foundation.

KHN (Kaiser Health News) is a national newsroom that produces in-depth journalism about health issues. Together with Policy Analysis and Polling, KHN is one of the three major operating programs at KFF (Kaiser Family Foundation). KFF is an endowed nonprofit organization providing information on health issues to the nation.

This story can be republished for free (details).

Read the original:
To the Bat Cave: In Search of Covids Origins, Scientists Reignite Polarizing Debate on Wuhan Lab Leak - Kaiser Health News