he's going to keep a real budget bill from passing, so he can cram a c.r. with his share of pork.
he's becoming nothing more than a barking lap dog like chafettes and gowdy became, always making a big show, but never accomplishing anything.
Look, you guys are not going to understand unless you go learn the numbers. Not the words about who wants what or who has this or that history.
THE NUMBERS.
The deficit this FY will come in about 1.8 or 1.9T. The legislation is going to made that $2.2T next year.
Stop right there. Don’t go looking at details and how this or that is good. Look at that reality. $2.2 Trillion added when Republicans are supposed to be conservatives — and every single penny of that is added to the debt.
The debt is $37T. At 3.4% composite rate among all the various bonds and notes and bills in the debt, the interest is $1.054 T. If you did that multiply yourself you would get a bigger result — I used $31T because the Fed’s QE (that’s what they call creating money from nothingness and using it to buy Treasury bonds) still has $6T of Treasuries on deposit (those do not pay interest).
So in just 1 year, $2.2T will add to that. $33T X 3.5% (the rate is increasing because rollovers are at current rates vs the near 0% rates of 10 yrs ago) $1.15T — an increase in $100B in the interest expense of next year.
WHAT IS RAND PAUL SAYING THAT IS NOT MATHEMATICALLY CORRECT?