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Extension of Continuing Appropriations and Other Matters Act, 2024

Floor Speech

By: Rand Paul
By: Rand Paul
Date: Feb. 29, 2024
Location: Washington, DC

Mr. Paul. Mr. President, I call up Senate amendment No. 1614 and ask that it be reported by number.

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Mr. PAUL. Mr. President, here we go again. Senators of both parties will once again kick the can down the road.

Our national debt is over $34 trillion and growing at an alarming rate.

The majority of the Senate meets today to vote once again for more deficit spending. We now know that the Federal Reserve is not only buying the Federal debt; they are buying the debt of profligate, large- spending States like California, New York, and Illinois.

My amendment would make it explicitly illegal for the Federal Reserve to buy the debt of these big-spending, profligate individual States. It was never intended that Congress give the Fed the power, and we should make sure that it is explicit that the Federal Reserve cannot buy the debt of individual States.

I urge a ``yes'' vote.
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