The
new budget deal that's been reached by GOP leaders and the White House is a "disaster" that will allow President Barack Obama to enjoy unlimited borrowing power, Sen. Rand Paul said Wednesday, and he vowed to do "everything within my power to stop it."
"Typically, when they raise the debt ceiling, they raise it a certain amount," the Kentucky Republican, a GOP presidential hopeful, told Fox News'
"America's Newsroom" host Bill Hemmer. "[With this], he borrows as much as he wants until March 2017. I think this is a recipe for disaster."
The deal also increases budget spending, while allowing more military spending, which is what foreign policy hawk Republicans wanted, said Paul. It also allows for more domestic welfare spending for progressives, and both things have increased spending, he said, and "there is nothing fiscally conservative about this."
And while outgoing House Speaker John Boehner praised the bill as not being perfect, but still good for the troops and taxpayers, Paul called the arrangement "rotten."
"It stinks and I haven't met one Republican outside of Washington who thinks it is a good idea to give unlimited borrowing power to the president and to bust budget caps to spend more on the military, more on domestic spending," he said. "We don't have a strong country if we keep borrowing. If we go further, further into debt, we're making ourselves weaker and weaker."
Sandy Fitzgerald ✉
Sandy Fitzgerald has more than three decades in journalism and serves as a general assignment writer for Newsmax covering news, media, and politics.
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