FOR IMMEDIATE RELEASE: <\/p>\n
November 16, 2023 <\/p>\n
Contact: Press_Paul@paul.senate.gov<\/a>, 202-224-4343 <\/p>\n WASHINGTON, D.C. Last night, U.S. Senator Rand Paul (R-KY) forced the U.S. Senate to vote on his conservative amendment to the U.S. House of Representatives short-term spending bill that would have saved American taxpayers $50 billion over ten weeks. <\/p>\n Dr. Pauls $50 billion cut, one percent of total federal spending, would exclude Social Security, Medicare, the Department of Defense, Military Construction, and the Department of Veterans Affairs and would rescind $30 billion from funds originally appropriated to the Internal Revenue Service (IRS). <\/p>\n 32 Senate Republicans voted for Dr. Pauls amendment. You can view the full vote tallyHERE. <\/p>\n Below are excerpts from Dr. Pauls floor remarks ahead of the vote: <\/p>\n To continue spending money at the current levels will inevitably lead to the bankruptcy of our great nation. My amendment, in order to stave off such a terrible fiscal outcome, would cut approximately 1% of our budgetary spending and help to put us on the path towards fiscal responsibility.In June of this year, the national debt surpassed $32 trillion. Then, in September, the national debt surpassed $33 trillion.You heard that right. It took Congress 90 short days to add a trillion dollars in debt. <\/p>\n Unless we change course, the debt will consume us. Americas future as a nation is not threatened from without but from within. Our mounting debt will ultimately force a day of reckoning.The Congressional Budget Office predicts that we will add an average of $2 trillion in debt every year for the next decade.Using Congressional Budget Office projections, the U.S. government will add over $5 billion to its debt pile every single day for the next ten years.We borrow over $176 million every hour, we borrow $3 million every minute, and we borrow $50,000 every second. <\/p>\n Its only a matter of time before the world wakes up and refuses to buy our debt.This reckless level of borrowing and spending is patently unsustainable. The ever-increasing heights of our debt mean a weak economy, high inflation, and confiscatory tax rates. In other words, todays spending threatens tomorrows prosperity. <\/p>\n You can watch Dr. Pauls full floor remarksHERE, and read the full text of his amendmentHERE. <\/p>\n ### <\/p>\n<\/p>\n <\/p>\n Follow this link:<\/p>\n ICYMI: Dr. Rand Paul Forces Senate Vote on Conservative Amendment Saving Taxpayers Billions - Senator Rand Paul<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" FOR IMMEDIATE RELEASE: November 16, 2023 Contact: Press_Paul@paul.senate.gov<\/a>, 202-224-4343 WASHINGTON, D.C. Last night, U.S. Senator Rand Paul (R-KY) forced the U.S. Continue reading