Rand Paul Won’t Play Either/Or With Debt Ceiling
Senator-elect Rand Paul joined Wolf Blitzer on CNN’s The Situation Room yesterday to discuss taxes, debt and the economy. Blitzer presented Paul with the option of either supporting the raising of the debt ceiling to over $15 trillion (Last February, Congress raised the ceiling on the national debt from $12.4 trillion to $14.2 trillion.), or not supporting it – thereby, voting for the collapse of the American government (according to Wolf Blitzer).
However, Rand Paul likened the proposition to a Hobson’s choice – a free choice in which only one option is offered. Then, Senator-elect Paul offered a third option – cut spending. Wolf was stupefied, see video:
Senator-elect Paul also voiced concerns over Obama’s tax compromise, citing the estate tax being reimplemented (which is a tax hike); Paul doesn’t support forcing one “class” of society to pay a higher percentage of income tax (class warfare) therefore Paul wants to make all of the current tax rates permanent, not just tax cuts for the “middle class.”
Rand Paul has pledged to never vote for a tax increase, and Obama’s tax plan, while it does lower some taxes, it raises others. Paul also points out there are no spending cuts!
As a country, we cannot borrow and spend our way to prosperity. My fear is the Democrats will get their way with class warfare on the rich, then they’ll keep increasing government spending, and finally, they’ll turn to the next class inline-the middle class-for tax hikes.
Currently our government is taking-in $2.4 trillion per year in revenue, why can’t we simply have $2.4 trillion worth of government, instead of $4 trillion?
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