Paul to file bill taking default off the table; Keeps door open to presidential run in 2016
01/16/2013 07:42 PM
Don’t count U.S. Sen. Rand Paul among the Republicans who are willing to risk default.
In fact, Paul told reporters in Frankfort on Wednesday that he plans to file a bill in the next week that would take the threat of default off the table in negotiations over raising the federal government’s debt limit.
Paul has warned of the risk of borrowing too much money. And he’s called for reducing spending across the board — even defense funding and programs like Medicare.
Unlike some of his Republican colleagues from the House, Paul said he doesn’t want to see the nation default on the debt to prove a point. To underscore that point, he criticized President Barack Obama for “mishandling” the debate so far by suggesting a default is possible.
Paul just returned from a trip to Israel where he met with dignitaries. He discussed the need to cut back foreign aid to Israel and other countries.
The trip to Israel has raised questions about whether it was another step on the pathway to seeking the Republican presidential nomination in 2016.
Paul said he wouldn’t make a decision on running for President for another two years, but at this point he has decided not to rule it out.
Below the Fold
Observers watch for ripple effect in U.S., Kentucky after United Kingdom's decision to split from European Union
Gov. Bevin quotes opinion from former AG Conway, his gubernatorial opponent, in attempt to prove reorganization powers
Kentucky will seek another extension for REAL ID compliance, vehicle regulations commissioner tells legislative panel
Addiction specialist says the sooner opiate addiction is treated as a disease, the sooner the state can gain ground in the battle against heroin
Subscribe and get the latest political intelligence delivered to your inbox.