Rand Paul: “the question is, Do deficits matter? We have had a lot of debate over deficits and people complaining that tax cuts add…”

“the question is, Do deficits matter? We have had a lot of debate over deficits and people complaining that tax cuts add to deficits. Well, tonight we will have a vote on whether we should honor what are called pay-go budget caps. We have had these in place for about 6 years. Congress has disobeyed their own rules 30 times as of tonight. These budget caps would keep spending in order. Yet we are going to have them waived tonight. My budget point of order would actually say that we should not waive these budget caps. We should honor them because deficits do matter. We borrow $1 million a minute. The deficit this year will be over $700 billion. The overall debt is $20 trillion. We have a spending problem. We have rules to keep spending in check, and we disobey our own rules. With that, I make a point of order on the statutory pay-go scorecard that says we should spend within certain limits. This budget point of order is pursuant to section 306 of the Congressional Budget Act of 1974. The PRESIDING OFFICER. The Senator from Maine.”