Rand Paul is attempting to make our summer interesting by threatening to filibuster the US debt limit increase legislation.
If the US debt limit is not increased, you will see the greatest depression here in the US immediately.
After a big show and political posturing, the debt limit will be increased, and another $500 billion in Treasuries will be purchased by the Fed (just to make up for the deficit already spent since May).
Notice even at the end of this announcement, Paul admits that in the end, a debt limit increase will be agreed to.
QE to Infinity....AND BEYOND!!!
Sen. Rand Paul (R-Ky.) is planning a Senate filibuster next week in an attempt to force debt ceiling negotiations into the open.
"We've had not one minute of debate about the debt ceiling in any committee," he said in an interview with C-SPAN's "Newsmakers" that aired on Sunday. "We haven't had a budget in two years. We haven't had an appropriations bill in two years. So I'm part of the freshmen group in the Senate that's saying, 'no more.'"
Paul's plan: "Next week, we will filibuster until we talk about the debt ceiling, until we talk about proposals."
He added that a group of senators in the "conservative wing" of the Republican Party will also be presenting a proposal to tie raising the debt limit to passage of a balanced budget amendment.
"[W]e will actually vote in favor of raising the debt ceiling next week if we can, but it will be contingent on passing a balanced budget amendment to the Constitution," he said, adding, "I'm not completely without the sense that we may need to raise the debt ceiling. But I will only do it if we have significant budgetary reform, and to me that means you have to balance your budget every year."
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