Rand Paul: There’s no reason to raise the debt ceiling

[DallasNE]

9. That Rand Paul Doesn't Know What He Is Talking About Is A Given

What would Paul do about the large trade deficit we run every month. That is part of the debt that must be financed too and runs in the range of $40 billion a month. Our current budget deficit averages $50 billion a month but that includes the $30 billion for interest. This means that spending for items other than debt service, Social Security, Medicare and soldiers salaries (no mention of VA benefits) would have to take the entire $60 billion a month hit or $720 billion a year. My guess is that the rest of the budget doesn't have that much in total in it. That means no air traffic controllers, no student loans, no unemployment checks, no Medicaid --- nothing. Not at reduced levels but abolished completely.