Rand Paul Threatens To Filibuster Debt Ceiling Talks Until Balanced Budget Constitutional Amendment Passes

Tuesday, July 5, 2011
By Paul Martin

by Tyler Durden
ZeroHedge.com
07/05/2011

When it was reported last week that Eric Cantor, who had just walked out of Biden’s debt ceiling talks leaving Democrats to talk amongst themselves, was pushing for a “balance budget” amendment to the constitution, many took it as merely more posturing in the relentless debt ceiling drama that is rapidly approaching its inevitable conclusion (under one month left until August 3). It now appears that this may have been more than a bluff, at least to members of the Tea Party. According to the Huffington Post, “Sen. Rand Paul (R-Ky.) is planning a Senate filibuster next week in an attempt to force debt ceiling negotiations into the open.” More: ‘”We’ve had not one minute of debate about the debt ceiling in any committee,” he said in an interview with C-SPAN’s “Newsmakers” that aired on Sunday. “We haven’t had a budget in two years. We haven’t had an appropriations bill in two years. So I’m part of the freshmen group in the Senate that’s saying, ‘no more.'” Paul’s plan: “Next week, we will filibuster until we talk about the debt ceiling, until we talk about proposals.”” He added that a group of senators in the “conservative wing” of the Republican Party will also be presenting a proposal to tie raising the debt limit to passage of a balanced budget amendment.” So, just more posturing, which may now be indicative of the first splinters within the republican party, especially after John Cornyn said the GOP may accept a “mini deal” on raising the debt ceiling, or actual concerns about the debt hike that have to be appreciated? For now, at least judging by the market, the debt ceiling rise is a foregone deal.

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