Stocks Flux
  • Business
  • Politics
  • Latest news
  • World News
  • Business
  • Politics
  • Latest news
  • World News

Stocks Flux

Politics

Still a no: Rand Paul says $5T debt increase in ‘Big, Beautiful Bill’ a deal-breaker

by admin June 3, 2025
June 3, 2025
Still a no: Rand Paul says $5T debt increase in ‘Big, Beautiful Bill’ a deal-breaker
NEWYou can now listen to Fox News articles!

Sen. Rand Paul, R-Ky., said the debt limit increase included in the One Big Beautiful Bill Act is still a deal-breaker for him, saying it goes against conservative values, despite discussions with President Donald Trump about his concerns. 

Paul told reporters on Monday that the bill will increase the debt ceiling by $5 trillion, the largest debt increase in the U.S.

‘We have never raised the debt ceiling without actually meeting that target,’ he said. ‘So you can say it doesn’t directly add to the debt, but if you increase the ceiling $5 trillion, you’ll meet that. And what it does is it puts it off the back-burner. And then we won’t discuss it for a year or two.’

‘So I think it’s a terrible idea to do this,’ he added. 

Paul said he spoke with Trump about his concerns over the legislation during a ‘lengthy discussion,’ but that Trump ‘did most of the talking.’ 

‘I’ve told him I can’t support the bill if they’re together,’ Paul said. ‘If they were to separate out and take the, debt ceiling off that I very much could consider the rest of the bill.’

Paul noted that Congress voted to continue spending to avert a government shutdown. 

‘During the campaign, Republicans said they were against Bidennomics and Bidenflation and Biden spending. When March, we renewed the Biden’s spending levels,’ Paul said. ‘So the spending levels we live under now are Biden-GOP spending levels. They’ve all come into agreement.’

‘But come the end of September, when our fiscal year ends, the deficit is going to be $2.2 trillion. That’s just not conservative,’ he added. ‘They’re borrowing 5 trillion. That means they’re anticipating the following year being over 2 trillion as well. So it’s just not a conservative thing to do.’

Over the weekend, Trump warned Paul would be ‘playing right into the hands of the Democrats’ if he votes against the bill.

‘If Senator Rand Paul votes against our Great, Big, Beautiful Bill, he is voting for, along with the Radical Left Democrats, a 68% Tax Increase and, perhaps even more importantly, a first time ever default on U.S. Debt,’ he wrote on his Truth Social platform. 

‘Rand will be playing right into the hands of the Democrats, and the GREAT people of Kentucky will never forgive him! The GROWTH we are experiencing, plus some cost-cutting later on, will solve ALL problems. America will be greater than ever before!’ he added. 

Next week, Senate Republicans will get their turn to go through the bill and are eying changes that could be a hard sell for House Speaker Mike Johnson, R-La.

This post appeared first on FOX NEWS

0
FacebookTwitterGoogle +Pinterest
previous post
LIZ PEEK: Trump must stay strong, US reliance on Chinese minerals and drugs puts Americans at risk
next post
Puerto Rico permits nonbinary gender marker on birth certificates in landmark court decision

You may also like

National Security Agency Director Gen. Haugh fired, civilian...

April 4, 2025

Vulnerable House Dem rakes in thousands of dollars...

April 29, 2025

White House unleashes on ‘rogue bureaucrats’ after agency...

March 8, 2025

Speaker Johnson slams Dem Rep. Green’s ‘egregious behavior’...

March 6, 2025

Key Trump agency facing ‘unprecedented backlog’ inherited from...

April 15, 2025

Trump administration defends US and Israeli sovereignty with...

June 6, 2025

Former Trump official slams UN reform efforts as...

May 2, 2025

Trump shoots down rumors he will seek 3rd...

May 4, 2025

Vance issues ultimatum to Russia, Ukraine on peace...

April 23, 2025

Former defense secretaries condemn Trump’s firing of senior...

February 28, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (259)
    • Latest news (10)
    • Politics (1,111)
    • World News (1,110)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Politics

    • Israel strikes southern suburb in Beirut

      June 6, 2025
    • What is D-Day? How the Normandy landings led to Germany’s defeat in World War II

      June 6, 2025
    • Russia launches aerial assault on Kyiv days after Ukraine’s audacious drone attack on bomber fleet

      June 6, 2025
    June 2025
    M T W T F S S
     1
    2345678
    9101112131415
    16171819202122
    23242526272829
    30  
    « May    

    Copyright © 2025 stocksflux.com | All Rights Reserved