January 1, Rand Paul Raises Alarm Over Debt Increase Plan

Rand Paul, a smart and strong leader from Kentucky, is worried about a big money problem. The House recently passed a bill inspired by former President Donald Trump’s plan, and while Rand likes the part about lowering taxes, he’s concerned because it could make our country’s debt much bigger.

Rand talked to Shannon Bream on Fox News and said that the bill’s savings are weak. He might support it, but he doesn’t like that it could add a lot more debt, which is already nearly $37 trillion!

He said, “The math doesn’t add up.” The House thinks the debt would increase by $4 trillion, but the Senate thinks it might grow by $5 trillion.

People who like the bill say it will cut down on spending, like stopping illegal immigrants from getting Medicaid, and boost the economy. But even with these changes, it’s not certain the bill will pass as it is. The Republicans have only a small majority in the Senate.

Our country keeps spending more, and Rand is worried. He’d like to support the bill if it didn’t plan to raise the debt by $4-5 trillion.

He said, “We need someone in Washington to say debt is wrong and deficits are wrong.” The country might explode with $3 trillion more debt over the next 10 years, and Rand thinks this is a bad idea.

Rand has an idea to stop the country from borrowing too much money. He wants to raise the amount we can borrow every three months but also cut some spending. He says Republicans are acting like those on the left by avoiding the problem.

Borrowing for “free stuff,” like healthcare, makes our debt bigger, about $3 trillion, and this can lead to inflation, which hurts everyone. Rand doesn’t like that some spending cuts haven’t been made.

With the country spending $7 trillion but only making $5 trillion, Rand says this debt is the biggest threat to America’s safety.

He calls on conservatives to speak up. “We’ve had this problem for a long time, and if we don’t talk about it now, I’m really worried about where our country is heading.”

Wyatt Matters!

Debt can be a big problem for our country. When the government spends more money than it has, it needs to borrow money, which makes our debt grow. Imagine if you had only $5 to spend, but you spent $7 instead—you’d be in trouble! Right now, our government is spending way more than it earns, which worries some leaders who want to keep America safe and strong for the future.

Some people think a new bill will help by cutting down on spending in certain areas and lowering taxes. Lower taxes can be good because they let people keep more of their own money. But if this bill also makes our debt bigger, that is not good. Even if the bill has some good parts, it’s important to think about what happens if we keep borrowing too much. It could cause problems like inflation, which makes things more expensive for everyone.

There are ideas to help reduce our debt, like only borrowing a little more money every few months while also cutting down on some of the things we spend money on. It’s important to talk about these ideas because if we don’t try to fix the debt, it could lead to big problems later. Leaders need to speak up and work together to find solutions, so our country can stay strong and healthy.

As our loyal readers, we encourage you to share your thoughts and opinions on this issue. Let your voice be heard and join the discussion below.

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