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  • 5/13/2025
Sen. Rand Paul (R-KY) voices his opposition to raising the debt ceiling.
Transcript
00:00Are you far enough to address waste, fraud, and abuse in Medicaid?
00:03No changes to that at all.
00:04I haven't seen the proposal, so it's hard for me to comment on that proposal.
00:08Are you a no on this House GOP plan?
00:12All the plans so far that I've heard include $5 trillion in raising of the debt ceiling.
00:17I'm not for adding to the debt.
00:18I don't think it's very conservative to raise the debt ceiling.
00:21This will be an historic increase in the debt ceiling.
00:24This will be a more significant, a greater increase in the debt ceiling than we've ever seen in our country.
00:30And I think it'll be ironic and sad in a way that conservatives will be voting for the largest increase in the debt ceiling.
00:37And so I'm just not for that.
00:39If the debt ceiling were to get stripped out, I will consider I'm keeping the tax cuts permanent, and I am for reducing spending.
00:46I do fear that all the really large ticket items for reducing spending have sort of been excluded.
00:52So I have a feeling it's going to be wimpy on the spending cuts, and it's going to be maybe a little wimpy on the taxes, too,
00:59because it may, does it make them permanent or not?
01:03Permanent.
01:04They said permanent.
01:05I don't think it can make them all permanent.
01:07But anyway, I think that's worth looking into.
01:09But we have to look into that.
01:10I would like to see the tax cuts permanent and give certainty to business.
01:14I think they did help the economy.
01:15It's why Trump had a robust economy.
01:17It's because of the tax cuts.
01:18But so if it were just the tax cuts without the debt ceiling, I'd consider it.
01:25But I have a feeling.
01:26So here's the rub.
01:27People talk about $800 billion or $2 trillion, all these different numbers that are really big that are hard to fathom.
01:33But when you add them up, the one thing you can measure pretty simply that's one number is what will the deficit be.
01:39This year, end of September, when our fiscal year ends, it's going to be about $2.2 trillion, despite all the doge cuts.
01:45Beside all that, they just don't seem to have going to budge the deficit.
01:50But then they want to borrow another $2.8 trillion after this year.
01:53So $5 trillion total, it makes you think, well, maybe really, you know, the left is apoplectic.
01:59There's too much cutting.
02:01The right says there is cutting.
02:02And I'm here saying neither one is going to happen.
02:04They aren't going to cut any spending significantly because they've ruled everything out, the entitlements.
02:09And what's going to happen is you're going to have an increase of $5 trillion.
02:12You're going to have a $2 trillion deficit this year and a $2 trillion.
02:14And, you know, before you know it, you're at the end of four years and you have $8 to $10 trillion added to the deficit.
02:20Or, I don't know, and then it's demoralizing as a conservative who believes in smaller government and less spending that you're not getting it from either party.
02:28What did you think of these Democrats that went to Newark the other day?
02:33I mean, it's conflict with them on the heist.
02:35And did they step over a line?
02:37You know, I don't, I need to review the tapes on that.
02:39I haven't seen all that.
02:41It sounds like it, but I don't, I don't know if you're going to make a comment.
02:43What's your address on the Trump's, the Qatari gift of a plane to the President Trump?

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