Senator Rand Paul expressed his opposition to President Trump's proposed spending bill, labeling it a significant increase in the national debt without adequate spending cuts. Paul highlighted that raising the debt ceiling by $5 trillion would set a historical precedent, with an anticipated deficit exceeding $2 trillion this year and nearly $3 trillion for the next. He emphasized the necessity for real spending cuts and suggested a short-term debt ceiling increase to regularly assess Congressional fiscal responsibilities, insisting on accountability from both the administration and Congress regarding any proposed spending reductions.
"It's asking conservatives, like myself, to raise the debt ceiling 5 trillion dollars. That's historic. No one's ever raised the debt so that much."
"It will be a record for Congress to raise the debt 5 trillion dollars... but it means they're anticipating close to 3 trillion for the next year."
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