Senator Paul Statement on Debt Ceiling Increase

WASHINGTON, D.C. – Following today’s Senate passage of the debt ceiling bill, Sen. Rand Paul offered the following statement:

“I voted in opposition to this bill because it doesn’t do enough to provide a stable solution to our nation’s debt crisis. It never balances, and it will add at least $7 trillion in NEW debt on top of our current 14 trillion. This is not sustainable.

“The President called for a “balanced approach.” But the American people are calling for a balanced budget. This deal does nothing to fix the overreaches of both parties over the past few years: Obamacare, TARP, trillion-dollar wars, runaway entitlement spending. They are all cemented into place with this deal, and their legacy will be trillions of dollars in new debt.

“Americans deserve more from their government than a weak compromise that doesn’t actually cut spending and they deserve better leadership from their President. I will continue to fight every day for fiscal sanity and a solution to our debt crisis”

Related posts:

1. Open Letter: Why I Oppose the Debt Ceiling Compromise
2. Senator Paul Statement on House Passage of Debt Ceiling Plan
3. Senator Paul Opposes Debt Deal to Add at Least $7 Trillion to Debt

Read more at Rand Paul US Senate 2010