Rep. Ron Paul Slams Debt Ceiling Plan

In a statement released Monday afternoon, Rep. Ron Paul (R-Tex.) slammed the debt ceiling plan. “Congress should recognize the federal government has reached debt saturation and therefore stop incurring new debt,” Paul said. Paul believes that the spending cuts proposed by the debt ceiling plan aren’t real spending cuts. Paul, an official candidate for the Republican presidential nomination, argued in this week’s Texas Straight Talk column that “the real debate is over how much government spending will increase.”