Rand Paul warns: ‘No limit, no dollar limit. Here you go, President Obama. Spend what you want’. Unfortunately Bipartisan Budget Act of 2015 passes Senate
So much for restrained fiscal policy in the United States that so many on the right have harped on as they campaigned to get elected. In the wee hours of Friday morning, the Bipartisan Budget Act of 2015 passed the Senate easily with a vote of 63-35.
The deal suspends the limit on borrowing until March 16, 2017, and in the words of Kentucky Senator Rand Paul, who gave an early morning speech saying, “We will be giving President Obama a free pass to borrow as much money as he can borrow in the last year of his office”.
18 Republican Senators voted for the unprecedented bill to include foreign policy hawks John McCain, Kelly Ayotte and Presidential candidate, Lindsey Graham.
Paul said shortly after 2 am in his speech, in which few Senators cared to listen to, “We have been trying to have spending restraint in Washington. It hasn’t worked very well, but at least there are some numbers that government is not supposed to exceed. These include spending caps for military spending as well as domestic spending.
“We’re saying here, Mr. President, you can raise the debt as much as you want. You can spend as much as you want while you’re in office, and we’re going to do nothing. In fact, we’re going to help you. We’re going to exceed the caps so everybody gets what they want. So everyone in Washington’s is going to get something.
“The right’s going to get more military money, the left’s going to get more welfare money. The secret handshake goes on, and the American public gets stuck with the bill.”
The bill is headed to President Obama’s desk where he is obviously going to sign it.
Is this why we elected so many “conservative” members into the House and Senate in recent elections? Shame on them for fooling the American public once again. Even more so, shame on us for falling for the empty rhetoric that is spewed during election season.
Robert Herriman is a microbiologist and the Editor-in-Chief of Outbreak News Today and the Executive Editor of The Global Dispatch
Follow @bactiman63
[…] Rand Paul warns: ‘No limit, no dollar limit. Here you go, President Obama. Spend what you want’.… […]
[…] Rand Paul warns: ‘No limit, no dollar limit. Here you go, President Obama. Spend what you want’.… […]
The problem with our debt based system (Federal Reserve) is that in order to keep it going you must borrow more money. That’s the fractional reserve way of life.
Every dollar in existence is borrowed. And there’s not enough money in existence to pay it all back. Why? A little something called ‘Usury’ or interest. Over simplified example is, for every dollar borrowed into existence, it takes 2 to pay off the ‘loan.’ The only way to get that 2nd dollar out there is for someone to borrow it.
It’s a HUGE monster and you have to keep feeding it or it will explode and come crashing down. It’s going to anyway, but these politicians are saying “I know it’s going to happen but I don’t want it to happen on my watch.” They simply kick the can of inevitability right on down the road. Problem is, we’re running out of road.
[…] Rand Paul warns: 'No limit, no dollar limit. Here you go, President Obama. Spend what you want&… […]