Rand Paul in CNBC 2015 GOP primary debate
On Budget & Economy:
Filibuster against raising the debt limit: enough's enough
In Washington this week is establishment Republicans have made an agreement with the president to raise the debt ceiling in an unlimited fashion; no limit to the debt ceiling raise. This is extraordinary.
It's extraordinarily wrong. You'll see me on the floor of the Senate tomorrow filibustering this and saying enough is enough, no more debt.
Source: GOP `Your Money/Your Vote` 2015 CNBC 1st-tier debate
Oct 28, 2015
On Budget & Economy:
We borrow a million dollars a minute: no more debt!
I left my medical practice and ran for office because I was concerned about an $18 trillion debt. We borrow a million dollars a minute. Now on the floor of the Congress, the Washington establishment from both parties puts forward
a bill that will explode the deficit. It allows President Obama to borrow unlimited amounts of money. I will stand firm. I I ask everyone in America to call Congress tomorrow and say: No more debt.
Source: GOP "Your Money/Your Vote" 2015 CNBC 1st-tier debate
Oct 28, 2015
On Budget & Economy:
Use debt ceiling to force fiscal reform & discipline
Q: Do you oppose that budget deal because it doesn't cut those programs enough?A: No, I oppose it because you're taking money from the entitlement and then spending it n other items. They're taking money from Social Security, and they're going to
spend it on the military and they're going to spend it on domestic spending. When you look at raising the debt limit, it should be leveraged to try to reform government. We should use the debt ceiling to force budgetary reform.
Source: GOP "Your Money/Your Vote" 2015 CNBC 1st-tier debate
Oct 28, 2015
On Budget & Economy:
Audit the Fed, and prevent the Fed from lobbying against it
I would like to thank Ted for co-sponsoring my bill, audit the Fed. I think it is a huge problem that an organization as powerful as the Fed comes in, lobbies against them being audited on the Hill. I would prevent them lobbying Congress.
I don't think the Fed should be involved with lobbying. I think we should examine how the Fed has been part of the problem. You want to study income inequality, let's bring the Fed forward and talk about Fed policy and how it causes income inequality.
Source: GOP "Your Money/Your Vote" 2015 CNBC 1st-tier debate
Oct 28, 2015
On Budget & Economy:
Interest rates are simply price of money; keep the Fed out
Let's bring the Fed forward and have them explain how they caused the housing boom and the crisis, and what they've done to make us better or worse. I think the Fed has been a great problem in our society.
What you need to do is free up interest rates. Interest rates are the price of money, and we shouldn't have price controls on the price of money.
Source: GOP "Your Money/Your Vote" 2015 CNBC 1st-tier debate
Oct 28, 2015
On Government Reform:
Liberty thrives when government is small
Liberty thrives when government is small. I want a government so small I can barely see it. I want a government so small that the individual has a chance to thrive and prosper. I think, though, government is too big now. And what you're going to see in
Washington this week is establishment Republicans have made an agreement with the president to raise the debt ceiling in an unlimited fashion; no limit to the debt ceiling raise. This is extraordinary. It's extraordinarily wrong
Source: GOP `Your Money/Your Vote` 2015 CNBC 1st-tier debate
Oct 28, 2015
On Social Security:
Shifting payroll tax to business helps middle class the most
RUBIO: [In my tax plan], the greatest gains, percentage-wise, for people, are gonna be at the lower end of our plan, and here's why: because in addition to a general personal exemption, we are increasing the per-child tax credit for working families.
PAUL: Much of the discussion is centered over whether or not the different tax plans help the middle class. In fact, it's the chief argument by Democrats against many of the different flat tax proposals. Mine is unique in the sense that my tax plan
actually gets rid of the payroll tax as well. It shifts it to the business, and it would allow middle class people to get a tax cut. If you just cut their income tax, there isn't much income tax to cut. Mine actually cuts the payroll tax, and I think it
would spread the tax cut across all socioeconomic levels, and would allow then it to be something that would be broadly supported by the public in an election.
CRUZ: Rand's plan is a good plan. My 10% plan also eliminates the payroll tax.
Source: GOP `Your Money/Your Vote` 2015 CNBC 2nd-tier debate
Oct 28, 2015
On Social Security:
Gradually raise the age, if we're serious about fixing it
The question always is, what works better, the private marketplace or government? It always seems to be the private marketplace does a better job. Can you have Medicare or Social Security? Yes. But you ought to acknowledge the government doesn't
do a very good job at it. I have a bill to fix Medicare. I've a bill to fix Social Security. For both of them you have to gradually raise the age. If you're not willing to gradually raise the age, you're not serious about fixing either one of them.
Source: GOP "Your Money/Your Vote" 2015 CNBC 1st-tier debate
Oct 28, 2015
On Social Security:
Raise eligibility age; and means-test benefits
The [eligibility] age will have to gradually rise. It's the only way you fix Medicare, the only way you fix Social Security. You will also have to means-test the benefits and declare there's not enough money. It isn't "I put money in, I'm getting it
back." There is no money, it's a stack of paper. There is no money in the Social Security account. There is no money in the Medicare account. There's only a promise to pay by the next generation, and the next generation's not big enough to pay it.
Source: GOP "Your Money/Your Vote" 2015 CNBC 1st-tier debate
Oct 28, 2015
Page last updated: Dec 07, 2018