Rand Paul: Everything Is on the Table to Balance Budget

By Kate McCarthy

Nov 3, 2010 8:54am

Senator-elect Rand Paul said everything is on the table in order to get our government’s spending under control and he is not ruling out blocking the debt limit to help do it.

“If you’re really serious that the deficit is a threat to our economy, you have to be a serious person and that does mean we will have to talk about things some people are afraid to talk about. I’ve been unafraid to talk about the fact that spending is way out of control and we have to do something about it,” he told me on “GMA.”

“There’s an enormous amount of ways that no one has the guts to stand up and talk about cutting,” Paul added.

I spoke to Paul the day after he defeated state attorney general Jack Conway 56% to 44%. Paul is one of the many Tea Party-backed candidates that helped the GOP take over the House and gain six seats in the Senate. When I asked Paul if would consider cutting social security and Medicare to balance the budget, Paul said “that’s the wrong way of putting it.”

“What I would say is, let’s figure out how to fund them. I don’t think it’s appropriate that we borrow money from China to pay for our social security… People do have to recognize if they want low taxes or lower taxes they have to cut spending. In the past what we’ve always done is say here’s your tax break and here’s your pork barrel spending,” he said.

And a vote on taxes is the immediate issue facing the Senate when they return for the lame duck session.  If Congress does not vote then everyone’s taxes increase in 2011.

Paul supports extending the Bush era cuts and says he would find other ways to slash spending.  When I asked if he would also filibuster any attempt to raise the debt limit he didn’t rule it out.

“I think exactly what tactics we’ll use will have to be discussed and I do plan on working with others to figure out what the best strategy is,” Paul said. “I will tell you though that I don’t think adding debt is a good idea. I think cutting spending is what we have to do. And you need some people with principle in Washington who will stand up and say enough’s enough.”

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