Rand Paul said "The deficit has gone from $3 trillion last year; it will be $3.5 trillion this year. In Washington, every day is a good day to spend money. Big spenders like to say the Federal Government is no different than a family budget. We have the Federal Reserve that can print money to buy our debt, but all that does is cause inflation. Even with inflation not spiking, we have lost 17 percent of the dollar over the last several years. Who is responsible for the $30 trillion debt? Republicans? Democrats? The answer is yes and yes. Both parties are to blame. The vote I have called for is a litmus test for fiscal responsibility. Anyone who cares about the debt should vote to enforce the pay-go rule. According to the CBO, the bill before us will increase the deficit by $15 billion in fiscal year 2021; therefore, I raise a point of order against the measure pursuant to section 404(a) of S. Con. Res. 13 of the 111th Congress. The PRESIDING OFFICER. The Senator from Maryland. Motion to Waive" @ PoliticalQuotes.com

On the recordMarch 25, 2021

The deficit has gone from $3 trillion last year; it will be $3.5 trillion this year. In Washington, every day is a good day to spend money. Big spenders like to say the Federal Government is no different than a family budget. We have the Federal Reserve that can print money to buy our debt, but all that does is cause inflation. Even with inflation not spiking, we have lost 17 percent of the dollar over the last several years. Who is responsible for the $30 trillion debt? Republicans? Democrats? The answer is yes and yes. Both parties are to blame. The vote I have called for is a litmus test for fiscal responsibility. Anyone who cares about the debt should vote to enforce the pay-go rule. According to the CBO, the bill before us will increase the deficit by $15 billion in fiscal year 2021; therefore, I raise a point of order against the measure pursuant to section 404(a) of S. Con. Res. 13 of the 111th Congress. The PRESIDING OFFICER. The Senator from Maryland. Motion to Waive

Said by

Rand Paul

Republican · Kentucky

Source

govinfo.gov