05-30-2023, 02:00 PM
Dr. Rand Paul Announces Conservative Alternative to Biden-McCarthy Debt Deal
WASHINGTON, D.C. – Today, U.S. Senator Rand Paul (R-KY) announced his conservative alternative to the Biden-McCarthy debt deal. This alternative will be offered as an amendment to the so-called “Fiscal Responsibility Act” deal and would replace existing language with responsible reforms and necessary cuts.
“Sixty percent of Americans say Congress should only raise the nation’s debt ceiling if it cuts spending at the same time. I would guess the Americans answering that poll meant real cuts in spending, not an annual increase of one percent above already bloated levels of COVID-19 spending,” said Dr. Paul. “Bold actions must be taken to defeat our mounting national debt, and my conservative alternative to the Biden-McCarthy deal gives us a real opportunity to get our fiscal house in order.”
Dr. Paul’s amendment would replace the existing language of the Biden-McCarthy “Fiscal Responsibility Act” (FRA) with the following measures:
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