How is an increase in the debt ceiling going to lead to a decrease in spending? Mr. Spock would certainly see that as illogical!!!
Published 07/27/2011 - 9:56 a.m. CST
Senator Rand Paul
WASHINGTON, DC - On Tuesday Republican Sens. Rand Paul, Mike Lee (Utah), Jim DeMint (S.C.), and David Vitter (La.) issued a Dear Colleague letter to their Republican House brethren, stating their opposition to tomorrow's House vote on the debt limit extension and urging them to stand in opposition as well.
Upon issuing the letter, Sen. Paul offered the following statement:
"Members of both chambers of Congress who wish to protect American taxpayers must stand together in opposition of the current debt 'deal.' Tomorrow the House of Representatives will have that opportunity, and I hope they will find the courage to do so.
"The 'deal' at hand would lead to an increase of our national debt over the next 10 years by at least $7 trillion, and the amount of 'cuts' introduced in the first year are a measly $7 billion. More so, it doesn't even balance the budget and all but guarantees a U.S. downgrade. There are so many things wrong with this legislation that will be passed on to the American taxpayer if enacted, the urgency of denying its passage is great."