Out of Money!

As you can see I am a (big) fan of Rand Paul, so I am following what he has been doing now that he is elected...the Tea Party favorite! One of the big issues is the debt, and that fact that we all know that it is way to high! Trillions upon trillions of dollars. So lets see what he has to say about it, The article is in bold, my comments are not. April 19, 2011 Rand Paul speaks at luncheon in Lexington AnonymousThe Times-Tribune The Times-Tribune Tue Apr 19, 2011, 08:18 AM EDT CORBIN — By Ronnie Ellis / CNHI News Service
Tea Party favorite Sen. Rand Paul told a friendly audience of 400 business people the country’s overriding problem is its debt and seemed later to hint his father is more likely to run for president than he is. Good call for now! Paul told those gathered for a Public Policy Luncheon of Commerce Lexington at the Lexington Convention Center the “main problem in our country is our debt crisis.” Later, he told reporters he is unlikely to vote to raise the debt limit “unless some kind of significant budgetary reform were part of it.” Please, Please, Please, stay true to this! Faith needs to be restored, trusting in those that are elected. I wonder what kind of significant budgetary reform he means. Paul wouldn’t say if he’s considered mounting a filibuster against the vote. “We haven’t decided what our strategy will be on that,” Paul said, adding he’ll vote against raising the debt ceiling of $14.3 trillion without some sort of real agreement to significantly cut spending. Paul told reporters his father, Texas Republican Rep. Ron Paul, might soon form a presidential exploratory committee. Paul has twice previously sought the presidency and Rand Paul has said he won’t run if his father does.There it is 14.3 trillion dollars! Why isn't everyone so concerned about this, I mean everyone!!! “I see (Ron Paul) going to Iowa and New Hampshire and South Carolina quite a bit,” Rand Paul said, referring to the first three critical states in the nomination process. “I think they’ve actually talked some about an exploratory committee so I think he may be headed in that direction.” Paul has said he would at least consider a run if his father didn’t, but he’s always emphasized he would not run if Ron Paul does. He said he will likely vote against raising the national debt limit. The administration and many economists warn that failure to raise the debt ceiling could plunge the economy back into deep recession and Republicans have demanded some sort of spending reduction be coupled with the vote. But Paul said that will have to be more substantial than the $38 billion in cuts negotiated this month, saying the cuts in reality represent about $350 million in spending reductions. (Congressional leaders, including House Republicans who negotiated the cuts with the Obama administration, say the cuts will actually reduce spending by $38 billion over 10 years). When the spending is in the trillions, how can the cuts just be in the billions!? "could plunge" so what is going to happen if we continue to keep raising it, its a ceiling for a reason! A debt limit is just that a limit! You and me can not keep spending, raising or "credit limit" just because... insert whatever reason is out there. This year, we’ll spend more money than we did last year,” Paul told the audience. He said cuts will have to include defense and entitlements such as Medicare and the rules for Social Security must be altered to prepare for the coming retirement of baby boomers. This has to happen, when will people see this! Entitlements and defense, lets start the conversation, no one is crazy enough to say get rid of them now. Just cut back, live on, say a budget, and do not change it, balance it! He backs legislation which would raise retirement to 70 over about 24 years for those presently under 56 and reduce some payments for more affluent retirees. He told the receptive business crowd that Washington has “become a government of busy bodies” and claimed regulations cost the country more than $1 trillion. “It is the beauty of the marketplace that works,” Paul said, “but the government often gets between you and the marketplace.” He was critical of the Environmental Protection Agency and complained about the Occupational Safety and Health Administration — OSHA — regulations. Paul criticized the U.S. involvement in military operations in Libya, saying the congress should debate a declaration of war before authorizing the president to use military force.
It was an expanded version of the speech he gave a week ago at the state Lincoln Day Dinner in Louisville, calling for reduced government spending without increased taxes and quoting Ronald Reagan who said government isn’t the solution to the country’s problems, government is the problem.
RONNIE ELLIS writes for CNHI News Service and is based in Frankfort. Reach him at rellis@cnhi.com. Follow CNHI News Service stories on Twitter at www.twitter.com/cnhifrankfort. If government is the problem, let’s do something about it! But it just not government, but the size of it!