WASHINGTON, D.C. – Following tonight’s announcement of no votes in the U.S. House of Representatives on the debt ceiling, Sen. Rand Paul offered the following statement:

“House leaders tonight were forced to postpone their plan to raise the debt ceiling. As I have stated all week, I oppose the House plan because not only does it not balance, it adds at least $7 trillion to our national debt over the next 10 years.

“I urge Congressional leaders and the White House to take note: The plan in Congress that had the most support was the one that also required a Balanced Budget Amendment to the Constitution. It passed with bipartisan support in the House last week, and had the support of every single Senate Republican.

“I am willing to compromise on the details of the cuts and caps in the Cut, Cap, and Balance plan, but I continue to believe that we must solve our debt crisis if we are going to temporarily raise the debt ceiling. The only real way to do this is to balance the budget, permanently, through a constitutional amendment.

“Supporters of this approach are ready and willing to work with the White House and Congressional leaders to secure a path forward. I urge Congressional leadership and the Administration to join us in securing our children’s future and fixing our fiscal mess now, before it is too late.”

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