By Dom Giordano
PHILADELPHIA (CBS) -- While a government shutdown was averted by the Senate passing a $1.1 trillion continued resolution bill, politicians of both Democratic and Republican origin are unhappy with it.
Senator Rand Paul (R-KY), told WPHT midday host Dom Giordano about why he voted no on the bill and why he is against continued resolutions like it.
"I think it's a crummy way to run government. I think that lurching from deadline to deadline, showing up with two thousand page bills, nobody reads them, stuff gets stuck in by people in the dead of night, nobody has any idea what's in there, and they put stuff in there that's complicated and people should have a discussion. It should be transparent and the bottom line is the result's pretty poor. We have an $18 trillion debt, so I'm absolutely opposed to just the process itself and so I'm a no vote. "
Supporters of the bill, such as Senator Pat Toomey(R-PA) point out all of the good things that they feel the bill did for bank reform. Paul however has "mixed feelings" on that part of the bill and has been trying to better understand the Dodd Frank changes in it.
"I would have not voted for Dodd Frank so I'm not for excessive regulation. However, I have some consideration and feeling for the fact that tax payer funded or insured banks really shouldn't insure risky behavior. So I still think that there is an answer somewhere out there that does separate investment banking from deposit banking or at least says, if you make risky investments and you lose your money your creditors should be the one to pay the penalty, not the taxpayer."
With the days being numbered for this congress, he expressed his view on what he wants to do in the New Year to get a better control on the $18 trillion debt and what he feels is an ever expanding government.
"The number one thing that I argue every day for in the Republican caucus in the senate is that we should pass 12 appropriation bills, that we should have not dozens, not hundreds, but thousands of restrictions of how the money is spent. We should eliminate wasteful spending…If you control the appropriation process, if you don't continue to have these large continued resolutions, but if you go through each appropriation bill with a fine toothed comb and start eliminating waste, then maybe we can get a handle on government. "
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