I found a Rand Paul video at The Other McCain, along with some advice from Smitty on how to handle the onslaught of bad news out of Congress. In the video below, Senator Paul begins by defending the Tea Parties and then moves on to the budget. It’s a good discussion, whether you want to scan my transcript below or listen as he excoriates Congress for refusing to insist on a balanced budget.
Smitty: No matter how deep the rot revealed inside the Beltway, there just isn’t any excuse to give in to despair…We know it will suck twice as bad as we imagine, even when we double our estimate. That bad news shan’t improve over time. Our leaders are, as a group, a heap of FAIL. Bring it on, so we can be about improving things.The video isn’t working here. Please click the ‘Smitty’ link and watch it there.
Rand Paul Transcript:
The president said he’s going to cut $4 Trillion. Try to read what’s going on here. He said he was going to spend $46 Trillion a month ago…he’s going to cut $4 Trillion off the $46 he’s going to spend. These are no cuts. We will spend more this year
We will spend more this year than we spent last year. Forget about all the numbers. Forget about all the baselines. Forget all the numbers…ask your representative, are we going to spend more this year than last year. If we’re spending more this year than last year, that’s not a cut. Ask your representatives and your senator, will the deficit be more this year than last year? The deficit will be bigger this year. We threatened to shutdown government over nothing, because we are not spending cutting in any serious way. They want to blame it on the Tea Party because in their secret caucus meetings they’ve done a poll that says, ah the Tea Party can be a villian. Call them extreme. Call them all Tea Partiers. Say the Tea Party has taken over the Republican Party.
You know what the Tea Party believes in? Good government. We believe in balancing the budget. We believe in reducing spending. We have plans to fix Social Security. We introduced a plan yesterday . If the other side is serious about fixing entitlements , we have a plan. Come to us and we’ll work with you, but don’t just come down here and call us names.
Before you send anymore money to Washington, ask your representative, are they spending your money wisely. One Hundred Billion dollars in the budget last year is unaccounted for. We don’t where it went, or we think it was improperly spent. A Hundred Billion dollars.
In our Senatorial offices, we get several Million dollars. Some of us want to be frugal with that and send some back to the Treasury. We plan on sending several Hundred Thousand back. But you know what, we want to know where the money goes. We are still not certain. Some say that money is kept in some fund for three years and then may go back. Other people tell us the leadership spends that money. We don’t have a definitive answer for even trying to save a couple of Hundred Thousand dollars of you money that I have control over.
Now the Pentagon spends a lot of money. Some people say, we can never cut any, but are they spending their money wisely? Well you don’t know because we can’t audit them. Why? The Pentagon tells us they are too big to audit. You heard about the companies tell you they are too big to fail? The Government tells you now they are too big to be audited. We got a partial audit of the Federal Reserve, we got some information from that. Guess what? We’re now fighting a war against Gaddafi. You know what we were doing last month? We were giving him money. We give him foreign aid, not much but we also helped to bail out his national bank. Well, in these third world countries, the national bank is the leader’s piggy bank. We don’t know who owns it or where the money goes. Half of it is probably spirited off to secret banks in Switzerland, but the U.S. Taxpayer bailed out Gaddafi’s bank, now we’re bombing him.
The budget bill we’re talking about has now been scored by the CBO. It will cut almost nothing. Maybe a couple of Hundred dollars. It will increase Defense spending by $8 Billion and it will cut spending by $8 Billion dollars. The net is about Zero. Our deficit will be bigger this year than last year. Our overall spending will be bigger than last year. We are not yet serious in Washington. We have not yet recognized the severity, the enormity and the significance of how big this deficit is. this deficit is going to have serious repercussions. The Chinese have bought over a Trillion of our debt. The Japanese have nearly a Trillion. The Japanese have now suffered an enormous national disaster. Question is, will they continue to buy our debt or can they continue to buy our debt?
The other question is, how long can a Government exist that spends more than it brings in? Now the other side, they want to blame the Tea Party, the Republicans or rich people. You know what, both parties are responsible …everyone up here is responsible…we have to understand that the people can do things. Not everything has to be done up here. The states can do things. We have to believe once again in the American dream. Believing in the American dream is not standing here on the floor and castigating rich people . What’s great about our country is that any among us can, any of our kids can become rich people, work hard, go to school, achieve. We live in a mobile society and that’s what the American dream is about. We got away from Europe because all the land was owned and it was stifled by nobility. We came here where there was plenty of land and plenty of opportunity, and the American dream is believing in that. When they try the whole Huey Long stuff of soak the rich, its actually failing with the American people because we believe our kids can gain great wealth or great success. If they want to castigate that and say ‘forget about it,’ what we need is more government, they need to explain to people why they don’t believe in Capitalism, why they don’t believe in the American dream, why they don’t believe in the greatness of America. I still believe in America and I want to get government out of the way, but I think we cannot have an America that succeeds until we are ready to do something about our debt crisis. I fear that very few up here on either side recognizes the severity of this problem and my hope is that before crisis becomes a reality we will begin to discuss balancing our budget, have plans to balance our discussion.