Sen. Paul offers straight debt-ceiling increase

Sen. Rand Paul (R-Ky.) this week offered legislation that would increase the debt ceiling by $2.4 trillion in order to meet the spending obligations in President Obama's fiscal 2012 budget proposal.

His bill, S. 1326, was placed on the Senate calendar this week, although it was not clear that the Senate would consider his bill. In early June, Paul introduced similar language as an amendment to a bill that would increase Commerce Department funding, but did so in the hopes of showing there is no support for a $2.4 trillion increase in the debt ceiling without commitments to reduce spending.

Paul offered a tongue-in-cheek description of his language in June, saying he would vote against it but that he was offering it because he "really want[s] to get along" and "make this vote available to those who want to raise the debt ceiling."