"I absolutely will not vote to expand our national debt by $4 trillion," Paul tweeted. "When the Biden-McCarthy debt deal reaches the senate, I will offer a conservative alternative."
Speaker of the House Kevin McCarthy (R-CA) announced an “agreement in principle” with Joe Biden on a deal to raise the federal debt ceiling Saturday night.
"Ensuring that government follows the same nonaggression principle as law-abiding citizens is the key to a society of freedom, peace, and prosperity," writes Dr. Paul.
Hillary Clinton criticizes House Republicans for using the debt ceiling as a political weapon, warning that it undermines the U.S.'s global credibility and plays into the hands of adversaries like Vladimir Putin and Xi Jinping, and warns of the potential danger of playing games with the debt ceiling to the U.S. dollar's pre-eminent position in the global economy.