Rand Paul introduces alternative to Biden-McCarthy debt bill: 'Get our fiscal house in order'Sen. Rand Paul, R-Ky., introduced legislation providing an alternative to House Speaker Kevin McCarthy and President Biden's debt limit deal on Tuesday.
Paul's bill would raise the debt ceiling by just $500 billion, forcing Congress to act in the near future to address America's debt problem with a more lasting solution. The bill would also impose automatic budget cuts to be imposed each year moving forward.
"Sixty percent of Americans say Congress should only raise the nation’s debt ceiling if it cuts spending at the same time. I would guess the Americans answering that poll meant real cuts in spending, not an annual increase of one percent above already bloated levels of COVID-19 spending," Paul wrote in a statement.
"Bold actions must be taken to defeat our mounting national debt, and my conservative alternative to the Biden-McCarthy deal gives us a real opportunity to get our fiscal house in order," he added.................
https://www.foxbusiness.com/politics/rand-paul-introduces-alternative-biden-mccarthy-debt-bill-get-fiscal-house-order