Debt Ceiling Bill Faces Strong Opposition from Senate Conservatives
(Chaz Anon) Senator Rand Paul is leading the charge against the deal to raise the debt ceiling. The bill worked its way through the House, and now Senate Republican leader Mitch McConnell (KY) is preparing for battle with Senate conservatives who are calling for amendments to the bill and threatening to delay the legislation until changes are made.
As The Hill reports, the bill is likely to get over 40 Senate Democratic votes, meaning it will likely need at least 10-20 "yes" votes from Senate Republicans in order for it to move to President Biden's desk before the June 5 "X-date" deadline set by Treasury Secretary Janet Yellen for the US to run out of funds.
On Sunday, McConnell came out in favor of the deal negotiated between House Speaker Kevin McCarthy (R-CA) and President Biden's team, however he faces strong opposition from actual conservatives. Chief among them, Sen. Mike Lee (R-UT), who has threatened to use "every procedural tool at my disposal" to slow down the bill. Sen. Rand Paul (R-KY) has similarly thrown a wrench in the gears - demanding a vote on his "conservative alternative" that would cut total federal spending by $545 billion over two years.
"It’s time to go back to the drawing board or, even better, go back to what the House already passed," said Lee on Tuesday - referring to the Limit, Save, Grow Act, which would cut $4.8 trillion from the future deficit. According to Lee, the current bill "simply does not do what its proponents claim it does — not even close."
Last week, Lee said that if the bill doesn't include substantial budgetary and spending reforms, it "will not face smooth sailing in the Senate."
McConnell has pledged the nation will not default on its debts but he also has a responsibility as leader to help Republican colleagues who want to amend the legislation, which could delay it past the June 5 “X-date.”
“The Senate must act swiftly and pass this agreement without unnecessary delay,” he said in a statement Sunday. -The Hill
Rand Paul, meanwhile, says he won't vote for any bill to raise the debt ceiling that doesn't balance the federal budget in five years - which would require over $500 billion in future cuts.
There’s nothing conservative about a debt deal that grants unlimited borrowing for two years that experts estimate will likely exceed $4 trillion.
— Rand Paul (@RandPaul) May 31, 2023
I will insist on an amendment vote to enact REAL spending caps that lead to a balanced budget in 5 years!
"To us, it doesn’t look like cuts at all. In fact, spending will go up every year under that debt plan," he said of the Biden-McCarthy deal, adding "Mandatory spending is enormous; it’s over half of the spending every year. It’s going up at five percent a year."
That said, Paul says he won't use procedural amendments to slow down passage of the debt bill, which caps federal spending for two years, and allows Congress to decide how to meet those targets at a later date.
Also opposing the current deal are Sens. Rick Scott (R-FL) and Mike Braun (R-IN).
"This bill leaves us with trillions more in debt & no clear path to less inflation or a balanced budget. I appreciate the work @SpeakerMcCarthy did to try & negotiate a good deal when @JoeBiden refused to engage, but I cannot support this bill," Scott tweeted Tuesday.
(1/2) While I'm focused on the family struggling with inflation right now, Washington clearly has a spending problem & politicians up here always love more debt. This bill leaves us with trillions more in debt & no clear path to less inflation or a balanced budget. I appreciate…
— Rick Scott (@SenRickScott) May 30, 2023
Braun, meanwhile, told reporters that he wouldn't vote for the bill unless it similarly contains major changes and amendments, adding that he won't object to speeding up the debate on the legislation if he and his GOP colleagues can submit amendments - even if they're unlikely to pass.
"You want amendments because you know they’re not going to pass, let’s be real here. The Democrats and the neo-cons in our party are going to get this thing across the finish line, but I want the process of being able to amend it. To me, that is a step in the right direction, because this all gives information to the public in terms of what could be done, even though it doesn’t get incorporated," said Braun.
Other GOP Senators on the fence include John Cornyn, John Kennedy and Mike Rounds.
"From my perspective, there’s not really anything to support until the House passes the bill. I’m waiting to see what the House sends us," said Cornyn.
