Dr. Rand Paul on the Federal Budget Video
We borrow a million dollars a minute. Our $18 trillion dollar debt has become an anchor. Some economists argue that the burden of debt costs us a million jobs a year.
I fear that this enormous burden of debt threatens our currency. I fear that another 2008-style panic is possible, and I fear that this degree of debt is an imminent threat to our national security.
You cannot project power from bankruptcy court.
Washington politicians are busting the budget, looting the treasury, and bankrupting the nation. Lobbyists and special interests, game the system, promote pork barrel spending, and enrich themselves at the expense of the taxpayer and future generations.
We can defeat the Washington Machine with term limits for Congress and lobby reform for special interests.
We can stop wasteful spending by balancing the budget by law.
We can cut over regulation by requiring Congress to approve every major rule proposed by the Executive Branch, which has an annual economic impact of 100 million dollars or more before it can be forced on the American people.
My plan balances the budget in five years, without relying on revenue increases.
Restoring our fiscal house will revitalize America’s economy and strengthen our national defense.
