Sen. Rand Paul said Tuesday he will introduce legislation in the Senate today calling for the resignation of Timothy Geithner, who many call the architect of President Barack Obama’s economic policies. The Kentucky Republican told Fox News’ Sean Hannity that Obama’s only chance to salvage his presidency is to replace the treasury secretary.
Paul also said blaming the tea party for the nation’s fiscal quagmire “would be funny if it weren’t so tragic.”
“Blaming the tea party is sort of like blaming the fireman when he comes to put out the fire — you know, a lot of us were elected to go to Washington to put out the fire, to handle the debt, to do something about the debt — that’s why we went to Washington —that’s why we ran for office,” Paul said. “Now they are going to blame the debt on us — when we came to Washington to try to fix the mess that they’ve got us in. It is really ludicrous on the face of it. But I think it is an example of . . . really the failure of leadership that [Obama] will not accept responsibility — I think we are getting to the point where he’s going to have a failed presidency.”
Paul said the “tea party is a minority of the minority party” and in that capacity cannot control congressional votes, adding it was the Democrats who had foiled Obama’s budget in the Senate.
“When the president’s budget was produced, every Democrat in the Senate voted against it. I mean . . . the economy is in death throes right now and he can’t accept any blame or responsibility for it,” he said. “I’m going to introduce legislation tomorrow that will call for the resignation of Timothy Geithner — it will be a vote of no confidence. And I think really, his only chance to turn his presidency around is to get somebody to replace Timothy Geithner, who’s failed.”
Paul also said Congress must concentrate on entitlement reform and raise the age of those eligible to receive Social Security and Medicare benefits, because the nation’s population is aging as people are living longer .
“You can fix those problems by gradually raising the age and changing the way we do the entitlements,” he said. “But if you wait 5 years or 10 years, then there is going to be an abrupt end, and that is what is happening in Europe when you have these austere measures where people don’t get their checks — that’s when there is rioting in the streets. But the way you avoid that is by fixing the entitlement programs now and doing it gradually.”
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