{"id":3917,"date":"2011-03-10T14:12:53","date_gmt":"2011-03-10T19:12:53","guid":{"rendered":"http:\/\/www.jasetaro.com\/blog\/?p=3917"},"modified":"2011-03-30T09:56:36","modified_gmt":"2011-03-30T13:56:36","slug":"rand-paul-injects-a-little-sanity-into-senate-debate-over-spending","status":"publish","type":"post","link":"https:\/\/www.jasetaro.com\/blog\/2011\/03\/10\/rand-paul-injects-a-little-sanity-into-senate-debate-over-spending\/","title":{"rendered":"Rand Paul Injects A Little Sanity Into Senate Debate Over Spending"},"content":{"rendered":"<p>If you read only one thing about how just out-of-control government spending has gotten and why it&#8217;s so difficult to actually make real, meaningful budge cuts, read Rand Paul&#8217;s floor speech from yesterday!<\/p>\n<p>Here&#8217;s the video:<\/p>\n<p><span class=\"embed-youtube\" style=\"text-align:center; display: block;\"><iframe loading=\"lazy\" class=\"youtube-player\" width=\"595\" height=\"335\" src=\"https:\/\/www.youtube.com\/embed\/nMqcLQzD-aA?version=3&#038;rel=1&#038;showsearch=0&#038;showinfo=1&#038;iv_load_policy=1&#038;fs=1&#038;hl=en-US&#038;autohide=2&#038;wmode=transparent\" allowfullscreen=\"true\" style=\"border:0;\" sandbox=\"allow-scripts allow-same-origin allow-popups allow-presentation allow-popups-to-escape-sandbox\"><\/iframe><\/span><\/p>\n<p>You can read the full <a href=\"http:\/\/paul.senate.gov\/record.cfm?id=331758&amp;\" target=\"_blank\">transcript<\/a> on Senator Paul&#8217;s web site&#8230; Here&#8217;s an excerpt:<\/p>\n<blockquote><p>We are discussing and debating two different alternatives, one  from the other side of the aisle and one from our side, about what we  should do about the budget deficit.<\/p>\n<p>We have projected a $1.65 trillion deficit in the next year.<\/p>\n<p>I think both alternatives are inadequate and do not significantly  alter or change our course. On the Democrat side, we have a proposal to  cut about $5 billion to $6 billion for the rest of the year. To put that  in perspective, we borrow $4 billion a day.<\/p>\n<p>So the other side is offering up cuts equal to one day\u2019s borrowing.<\/p>\n<p>I think it\u2019s insignificant and it will not alter the coming and looming debt crisis that we face.<\/p>\n<p>Now, on our side of the aisle, I think we have done more, the cuts  are more significant, but they also pale in comparison to the problem.<\/p>\n<p>If we were to adopt the president\u2019s approach, we would have $1.65  trillion deficit in one year. If we were to adopt our approach, we\u2019re  going to have a $1.55 trillion deficit in one year. I think both  approaches do not significantly alter or delay the crisis that\u2019s coming.<\/p>\n<p>Now, it\u2019s interesting when we talk about cuts, everybody seems to be  giddy around here, saying this is the first time we have talked about  cuts.<\/p>\n<p>Well, it is better and it sounds good, but guess what?  We\u2019re not even really cutting spending. What we\u2019re talking about is  cutting the rate of increase of spending. The base line of spending is  going to go up 7.3 % according to the CBO.<\/p>\n<p>We\u2019re talking  about reducing that increase to 6.7% increase. We\u2019re talking about  cutting the rate of increase of government. The problem is it\u2019s not  enough.<\/p>\n<p>Our deficit is growing by leaps and bounds. Our  national debt is $14 trillion. Our national debt is now equal to our  entire economy. Our gross domestic product equals our national debt.<\/p><\/blockquote>\n<p>I disagree with Senator Paul on a few things but he&#8217;s spot on here&#8230; They&#8217;re not serious about making real spending cuts, instead congress is dragging the country through this wrenching kabuki theater while they&#8217;re tugging at the fringes of the  deficit&#8230; They&#8217;re tying this country in knots fighting over tens of billion dollars when <em>hundreds of billions<\/em> in spending cuts are what&#8217;s needed.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>If you read only one thing about how just out-of-control government spending has gotten and why it&#8217;s so difficult to actually make real, meaningful budge cuts, read Rand Paul&#8217;s floor speech from yesterday! Here&#8217;s the video: You can read the full transcript on Senator Paul&#8217;s web site&#8230; Here&#8217;s an excerpt: We are discussing and debating [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[26,7],"tags":[813,1163,185],"class_list":{"0":"post-3917","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy","7":"category-politics","8":"tag-budget-deficit","9":"tag-rand-paul","10":"tag-senate","11":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/pfpI7-11b","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":3860,"url":"https:\/\/www.jasetaro.com\/blog\/2011\/03\/07\/ouch-federal-government-posts-largest-monthly-deficit-ever\/","url_meta":{"origin":3917,"position":0},"title":"Ouch: Federal Government Posts Largest Monthly Deficit Ever","author":"Jeff","date":"March 7, 2011","format":false,"excerpt":"Wow, when it comes to deficit spending Barack Obama makes George W. Bush look like a piker... From The Washington Times: The federal government posted its largest monthly deficit in history in February at $223 billion, according to preliminary numbers the Congressional Budget Office released Monday morning. That figure tops\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1525,"url":"https:\/\/www.jasetaro.com\/blog\/2009\/02\/15\/federal-obligations-exceed-world-gdp\/","url_meta":{"origin":3917,"position":1},"title":"Federal Obligations Exceed World GDP???","author":"Jeff","date":"February 15, 2009","format":false,"excerpt":"I tend to be skeptical of articles like this one from World Net Daily: Federal obligations exceed world GDP Does $65.5 trillion terrify anyone yet? By Jerome R. Corsi, February 13, 2009, WorldNetDaily As the Obama administration pushes through Congress its $800 billion deficit-spending economic stimulus plan, the American public\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4871,"url":"https:\/\/www.jasetaro.com\/blog\/2013\/03\/15\/video-senator-rand-pauls-speech-at-cpac-the-gop-of-old-has-grown-stale-and-moss-covered\/","url_meta":{"origin":3917,"position":2},"title":"Video: Senator Rand Paul&#8217;s Speech at CPAC \u2018The GOP of Old Has Grown Stale and Moss-Covered\u2019","author":"Jeff","date":"March 15, 2013","format":false,"excerpt":"Senator Rand Paul delivered a rousing speech at yesterday, here the video in case you missed it: http:\/\/youtu.be\/d3sSgGU2LSQ More videos from CPAC 2013 can seen here.","rel":"","context":"In &quot;Politics&quot;","block_context":{"text":"Politics","link":"https:\/\/www.jasetaro.com\/blog\/category\/politics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/img.youtube.com\/vi\/d3sSgGU2LSQ\/0.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":2097,"url":"https:\/\/www.jasetaro.com\/blog\/2009\/04\/30\/barack-obama-on-the-deficit-i-didnt-do-it\/","url_meta":{"origin":3917,"position":3},"title":"Barack Obama On The Deficit: I Didn&#8217;t Do It&#8230;","author":"Jeff","date":"April 30, 2009","format":false,"excerpt":"Barack Obama's 'It wasn't me' protestations about the ballooning federal deficit are so patently false even the Associated Press is calling him on it: WASHINGTON (AP) - \"That wasn't me,\" President Barack Obama said on his 100th day in office, disclaiming responsibility for the huge budget deficit waiting for him\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4249,"url":"https:\/\/www.jasetaro.com\/blog\/2011\/10\/03\/democrats-to-push-tax-hikes-first-in-deficit-talks\/","url_meta":{"origin":3917,"position":4},"title":"Democrats to Push Tax Hikes First in Deficit Talks","author":"Jeff","date":"October 3, 2011","format":false,"excerpt":"From Reuters: Democrats want tax hikes to be the first item negotiated in \"super committee\" deficit-reduction talks, trying to force Republicans to confront an issue at the heart of this year's budget fights, sources told Reuters. The tough stance by Democratic members of the powerful 12-member congressional panel reflects the\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4340,"url":"https:\/\/www.jasetaro.com\/blog\/2012\/01\/24\/video-1000-days-without-a-budget\/","url_meta":{"origin":3917,"position":5},"title":"Video: 1,000 Days Without a Budget","author":"Jeff","date":"January 24, 2012","format":false,"excerpt":"We've reached something of grim milestone... It has now been 1,000 days since federal government has had an actual budget: http:\/\/www.youtube.com\/watch?feature=player_embedded&v=QG0stsk3Ljs#! I can't say it any better than Tina Korbe: No matter what measure you use, government spending has increased since 1965. Total government spending has more than doubled. Federal\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/img.youtube.com\/vi\/QG0stsk3Ljs\/0.jpg?resize=350%2C200","width":350,"height":200},"classes":[]}],"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/posts\/3917","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/comments?post=3917"}],"version-history":[{"count":0,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/posts\/3917\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/media?parent=3917"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/categories?post=3917"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/tags?post=3917"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}