Rand Paul: “on August 2, the United States will face the debt ceiling. I am one who thinks we should be debating it every day, every…”

“on August 2, the United States will face the debt ceiling. I am one who thinks we should be debating it every day, every week until we find a solution. But in order to find a solution, we have to first admit we have a problem. We have a significant problem. Raising the debt ceiling is sort of like not paying your credit card bill and then saying to the credit card company: I want to increase my limit. We have been doing that year after year, decade after decade. Both parties have done it. This is not just one party's problem. It is both parties' problem, and it is the country's problem. How big is the problem? We are spending $10 billion a day. Of that $10 billion, we are borrowing $4 billion a day. We are spending $100,000 a second, and we are borrowing $45,000 a second. Senator DeMint, the other day, said it was akin to a drug addiction. You know that to get better from a drug addiction, the first thing you have to admit is: I am addicted. You have to admit you have a problem. That is what is going on. We have to admit as a country we have a problem. But then we get into this debate, and each side seems to have a different position. Is the problem that we are spending too much or is the problem that we are taxing too little? You can look at the numbers and you can actually come up with an objective answer. The answer is we are spending too much. You can look at it in terms of what is spending as a percentage of our gross domestic product?…”