Sen. Paul: Open Letter: Why I Oppose the Debt Ceiling Compromise

• The current deal to raise the debt ceiling doesn't stop us from going over the fiscal cliff.
• This deal does nothing to fix the overreaches of both parties over the past few years
• The deal purports to "cut" $2.1 trillion, but the "cut" is from a baseline that adds $10 trillion to the debt.
• In addition, the plan harms the possible passage of a Balanced Budget Amendment. 
• This plan so badly backloads the alleged savings that the cuts are simply meaningless
• Despite claims to the contrary, none of the triggers in this bill include withholding the second limit increase.
• plan will result in our AAA bond rating being downgraded
• This plan does not solve our problem. Not even close.

It looks worse the more you look at it.