Fiscal conservatives blast debt ceiling ‘sell out’

'Fake conservatives agree to fake spending cuts.'

As news that Republican leadership reached a deal with Democrats to raise the debt ceiling on Sunday, Sen. Rand Paul joined other Republicans in saying that the supposed spending cuts in the agreement were “fake” and that fiscal conservatives had been “sold out.”

The bill’s text has not been released as of this report. Rep.Thomas Massie noted the absurdity of the length of the legislation and the minimal time given for members to read it.

Republican House Speaker Kevin McCarthy told reporters Sunday morning that both sides would be disappointed with the bill because they will not be getting everything they wanted.

“We’re finalizing an agreement with the president that I believe is worthy of the American people,” McCarthy said. “It doesn’t get everything everybody wanted.”

“But that’s, in divided government, that’s where we end up,” McCarthy added. “I think it’s a very positive bill.”

Rep. Chip Roy addressed the notion that Democrats weren’t getting anything in this deal, making a list of items on which he believes that simply isn’t true.

Rep. Dan Bishop echoed Roy.

In mid-May, Sen. Paul said of the ongoing debt ceiling discussions, “You know there always is a deal reached. I have never heard of us not raising the debt ceiling.”

“But I think it’s important that when we raise the debt ceiling we do something about the enormous debt, and the spending that has really gotten us in so much trouble,” Paul said.

With a looming $31 trillion national debt, Paul said the U.S. spends trillions over budget every year.

“What does that mean in practical purposes?” he asked. “It means the Federal Reserve buys it, creates new currency and causes inflation. So when everybody goes to the grocery store and they see their wages not going as far because the grocery prices are going up, the rent goes up, the gasoline goes up.”

“This is because government doesn’t live within its means,” Paul insisted. “So the debt ceiling forces us to have that discussion.”

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Jack Hunter
Jack Hunterhttp://LibertyTree.com
Jack Hunter is a freelance writer, the co-author of Sen. Rand Paul’s 2011 book ‘The Tea Party Goes to Washington’ and the former politics editor for Rare.us.