WASHINGTON, D.C. - Sen. Rand Paul released the following statement of opposition to the debt deal being proposed by the House of Representatives' leadership today:
"The proposed deals being discussed today by House Republican and Senate Democrat Leaders do not make cuts to our debt. They do not solve our debt problems. They do not balance the budget, ever.
"Proponents of the most recent debt 'deal' in the House are saying it will cut $1 trillion over 10 years now, with promises of $2 trillion more cuts from a 'commission;' Senate Democrats are proposing $2.7 trillion in largely smoke and mirrors. These plans 'cut' from a baseline that, under current law, will add $10 trillion in new debt over 10 years. So in reality these 'deals' add at least $7 trillion to the national debt with no end in sight.
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