Squawk Pod Worse than Teenagers: Sen. Rand Paul on Congressional Spending 7/10/25
Senator Rand Paul Calls Congress Worse Than Reckless Teenagers on Spending
Senator Rand Paul rejects the recent $5 trillion debt ceiling increase and $270 billion added deficit in the new spending bill, citing fiscal irresponsibility he likens to giving a teenager a bigger credit card after maxing out their limit.
He proposed a compromise: a shorter, three-month debt ceiling "leash" to hold Congress accountable for spending, requiring frequent votes rather than allowing massive unchecked increases.
While supporting key bill provisions like permanent 100% expensing for capital expenditures, Senator Paul stood firm against the overall spending increases and concessions made to special interests such as Alaska.
He criticizes the governmental tendency to add earmarks and special carve-outs instead of adopting responsible budget controls, emphasizing the need for continual oversight to correct the country’s growing debt.
Congress Worse Than Reckless Teens
- Senator Rand Paul compares Congress to reckless teenagers with credit cards, needing stricter spending limits.
- He advocates for a shorter debt ceiling leash to enforce fiscal responsibility and accountability.
Permanent 100% Expensing Boosts Growth
- 100% expensing of capital costs is a positive, pro-growth aspect of the new tax bill.
- It encourages faster investment in equipment, benefiting the economy extensively.