Today on The Laura Ingraham Show, Senator Rand Paul (R-KY) gave a wide-ranging interview, during which he took a firm stand against raising the debt ceiling and ruled out Rep. Paul Ryan's (R-WI) plan for a short-term increase in the debt ceiling.
“I'll only support raising the debt ceiling if we pass a balanced budget amendment.” Paul stated bluntly, “I don't trust any of these people, Republican or Democrat, to do a good job with our money. There's no objective evidence that they are good with money.”
“It's just a blank check... we should not raise the debt ceiling... all you're doing is balancing the budget.”
Paul criticized President Obama for implying that failing to raise the debt ceiling would lead to default. “We're bringing in $200 billion a month in revenue. Our interest payment is $30 billion. We have plenty of money to pay for the interest on our debt.”
He said Republicans shouldn't back down on their threat to shut down the government. Doing so, Paul argued, would show “...Republicans don't have the spine and don't have the ability to really push forward to get anything changed.”