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Fiscal Responsibility Act of 2023

Floor Speech

By: Rand Paul
By: Rand Paul
Date: June 1, 2023
Location: Washington, DC


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Mr. PAUL. Mr. President, I call up amendment No. 107 and ask that it be reported by number.

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Mr. PAUL. The Biden-McCarthy debt deal will do nothing to avert the looming debt crisis. A debt deal that creates no limits to the debt accumulation over 2 years is not fiscally responsible and should be rejected.

My amendment replaces the spending caps with caps that balance the budget in 5 years and limits the extension of debt to $500 billion, and I urge a ``yes'' vote.
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