On Wednesday afternoon, one day after reintroducing his Federal Reserve Transparency Act, Senator Rand Paul (R-KY) took to the Senate floor to slam his fellow Republicans for the $9.7 trillion of debt that a newly introduced budget resolution will tack on to the country's already out of control debt total.
Senate Budget Committee Chair Michael Enzi (R-WY) introduced a budget resolution on Tuesday that is being touted as the first step the newly sworn in congress is taking to repealing Obamacare. The legislation includes “reconciliation instructions” that would allow congress to dismantle the health care law as part of reconciling taxes and spending with the budget blueprint.
“To pass a budget that never balances,” the Kentucky Senator answered his own question. “To pass a budget that will add $9.7 trillion dollars of new debt in tens years.”
“Is that really what we campaigned on?” Paul asked on. “Is that really what the Republican party represents?”
After stating that he is with his fellow Republicans for the repeal of Obamacare, Senator Paul went on to ask “why should we vote on a budget that doesn’t represent our conservative view?”
I’m not for it,” Paul said of the potential new debt. “That’s not why I ran for office. That’s not why I’m here. That’s not why I spend time away from my family and from my medical practice. It’s because debt is consuming our country.”
“There is a time and place to debate Obamacare, and I’m more than willing to debate that but this is a budget,” Paul exclaimed.
The Senator from Kentucky said he will put forth an opposition to the Republican majority’s resolution with his own budget that will freeze spending and create balance over a 5 year period.
“At the appropriate time, I will introduce an amendment that will strike and replace this budget and in it’s place I will put forward a conservative vision for the country,” the Senator said. “A vision of a balanced budget that balances within 5 years.”
Senator Paul has not only made headlines for his opposition to Obamacare as of late, he has also been stirring things up with his recent reintroduction of his Federal Reserve Transparency Act, widely known as the ‘Audit the Fed’ bill.