The federal government shutdown was dragging on. Days in, and the Obama Administration refused to budge, on anything. No cutting into that fat-laden roast pig known as Obamacare, spinning on its spit over a fire just waiting to be sliced.
Nope, none of that. Instead, veterans can’t get in to national war monuments, and the Washington D.C. Zoo remains off-limits to children and families. Lovely.
And while all of this is going on, President Obama is talking about raising the nation’s debt ceiling – how much money Congress approves the federal government to spend – higher than its current level of $16.7 trillion dollars. (A quick note: Trillion is a number we don’t see very often, so for some perspective from another normal American, that’s 12 zeroes).
Obama is hanging the threat of default over Americans’ heads if the debt ceiling isn’t increased. Kentucky Sen. Rand Paul isn’t having any of it, and as Sean Sullivan of the Washington Post notes, he’s calling Obama out.
“Sen. Rand Paul (R-Ky.) said Sunday that it’s ‘irresponsible’ for President Obama and his allies to be talking about the prospect of defaulting if the debt ceiling isn’t raised by a key deadline later this month…
“We bring in $250 billion in taxes every month; our interest payment is $20 billion. Tell me why we would ever default,” Paul said on NBC’s ‘Meet The Press.’”
It is pretty simple math. We bring in more money than we owe. So why is this such an issue?
Oh yes, because Obama and the federal government want to keep. Spending. Money.
Paul, by the way, has supported legislation called the ‘Full Faith and Credit Act.’ That proposal would make it a requirement for the U.S. to pay what it owes on its debt, regardless of whether Congress raises the debt ceiling.
What would this mean for the budget? Well, that money to pay back debt has to come from somewhere. So it would have to be siphoned away from other programs, essentially cutting government spending automatically by making debt payments the absolute priority.
So there’s a solution, one which Paul has publicly supported as a solution (not to mention Paul’s own proposals that would fix this issue immediately, proposals that have largely been ignored by Democrats).
Instead we get Obama talking about the debt ceiling, rather than trying to find a solution.
Photo courtesy of Mark Taylor, via Flickr Creative Commons
Finally someone on Capital
Hill is willing to speak out and
stand firm for our personal
freedoms, our God-given
rights and all man's equality.
Here you can keep up with the
latest insights and events in
Paul World, helping our hero
restore the Constitution...
and take our country back!