In an interview posted to C-SPAN on Sunday, the Kentucky Republican said he and a group of other conservatives would support raising the debt ceiling if the chamber passes a balanced budget amendment to the Constitution.
“I’m part of the freshman group in the Senate that’s saying no more. ... So [this] week, we will filibuster until we talk about the debt ceiling, until we talk about proposals,” he said.
“And many of us in the conservative wing are going to present our own proposal [this] week, and that is to raise the debt ceiling. We will actually vote in favor of raising the debt ceiling [this] week if we can, but it’ll be contingent upon passing a balanced budget amendment to the Constitution.”
“I’m not completely without the sense that we may need to raise the debt ceiling,” Paul said. “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.”
Fellow GOP freshman Sen. Ron Johnson (Wis.) staged a short-lived filibuster last week to protest Congress’ failure to approve a budget.
“Unless we receive some assurance from the Democrat leadership that we will actually start addressing our budget out in the open, in the bright light of day, I will begin to object,” Johnson said in his initial remarks on the floor. “The American people deserve to be told the truth. Unless that happens, I will begin to withhold my consent.”
But Majority Leader Harry Reid (D-Nev.) moved swiftly to snuff out the filibuster via a procedural vote.
Each year since 1990, CQ Roll Call has reviewed the financial disclosures of all 541 senators, representatives and delegates to determine the 50 richest members of Congress. This year's report, derived from forms covering the calendar year 2012, shows it took a net worth of $6.67 million to crack the exclusive club.