Rep. Ron Paul Slams Debt Ceiling Plan Staff
Posted: Aug 03, 2011 9:12 AM
Rep. Ron Paul Slams Debt Ceiling Plan
The debt ceiling debate is over on Capitol Hill after several weeks of heated debate between Obama and Congressional leaders and even within political parties. Last night, the House passed the debt ceiling plan. And today, the Senate passed the debt ceiling plan, narrowly avoiding a costly default. In preparation for the debt ceiling vote, Congressional leaders made every effort to persuade their colleagues to agree to the last-minute 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.”