FOR IMMEDIATE RELEASE:
April 2nd, 2025
Contact: Press_Paul@paul.senate.gov, 202-224-4343
Dr. Rand Paul Offers Amendment to Rein In Reckless Borrowing with Responsible Debt Limit Extension
Washington, D.C. – Today, U.S. Senator Rand Paul (R-KY) announced he will offer an amendment to the budget resolution to strike the proposed $5 trillion debt limit increase and replace it with a $500 billion increase—providing a limited, 3-month extension that forces Congress to vote again on the debt ceiling before continuing down the road of fiscal irresponsibility.
“Washington will borrow $2 trillion this year just to keep the lights on. Handing Congress another $5 trillion blank check ensures nothing changes. If we’re serious about cutting spending, then Congress needs to get serious about returning to fiscal responsibility,” said Dr. Paul. “My amendment gives Congress a 3-month runway to give them a chance to prove they’re willing to follow through on their commitments to reduce spending.”
Dr. Paul’s amendment simply modifies the debt ceiling number in the budget resolution by a fraction of the proposed amount, delivering a clear signal that unchecked borrowing must come to an end. Congressional leadership has made vague promises to pursue spending cuts, but the American people deserve more than promises—they deserve accountability. Dr. Paul’s amendment is how we start.
The $500 billion increase represents approximately three months of deficit coverage based on current annual borrowing rates, forcing Congress to revisit the issue before authorizing another massive increase in the debt ceiling.
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