Rand Paul on Fiscal Cliff: Families Will "Drown" in Taxes This Year

Ladies and gentlemen, I hate to be the bearer of bad news, but that's all I've got for you this afternoon.

It sounds like Obama and his administration have again failed to slash spending amidst the lingering fiscal cliff debacle. Instead, the cliff deal proposed on Monday is expected to add another staggering four-trillion-dollars to our exploding federal deficit.

In response to these preliminary details, Kentucky Senator Rand Paul has slammed this “deal killer”; he doesn't want to see taxes raised with our government spending more money at the very same time.

It's a lose-lose situation that is expected to have families making between $50,000 - $200,000 per year paying over $1600 in taxes at the end of the 2013 fiscal year.

This is dismal news for families struggling to survive and make ends meet on a budget of only $50K each year.

In an obloquy, Rand Paul asserted that, “this isn't about getting rich people; this is about what it will do to the economy.” According to Paul, this fiscal cliff deal will essentially take money from the productive sector – the private sector – and put into into the nonproductive sector... Washington.

Rand Paul is concerned that this act will do nothing to create jobs and improve our bleak economic outlook. The money earned by private sector workers should remain in the hands and pockets of those earners and their communities. The government shouldn't take it from them so it can drag itself out of the multi-trillion-dollar hole they've been digging over the past decade.

As a tea party Republican, Paul doesn't believe this is the proper angle to tackle the economic crisis. We need to find a way to help the people, not greedy big government. Paul continues: “I object to increasing spending and increasing taxes. That’s really the real deal killer for me. If it were just tax rates, and you told me I had the choice of protecting 99 percent, I would vote … for that. Once Democrats sign on board in the House, it should pass as well.”

Watch Rand Paul's full speech, attached below: