Full Text of Rand Paul's Tea Party Response to State of the Union

Kentucky Sen. Rand Paul delivered the Tea Party rebuttal to Obama's State of the Union speech.

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These are the prepared remarks of Rand Paul's Tea Party rebuttal to President Obama's State of the Union Speech. Follow U.S. News's live coverage here.

I speak to you tonight from Washington, D.C. The state of our economy is tenuous but our people remain the greatest example of freedom and prosperity the world has ever known.

People say America is exceptional. I agree, but it’s not the complexion of our skin or the twists in our DNA that make us unique. America is exceptional because we were founded upon the notion that everyone should be free to pursue life, liberty, and happiness.

For the first time in history, men and women were guaranteed a chance to succeed based NOT on who your parents were but on your own initiative and desire to work.

We are in danger, though, of forgetting what made us great. The President seems to think the country can continue to borrow $50,000 per second. The President believes that we should just squeeze more money out of those who are working.

The path we are on is not sustainable, but few in Congress or in this Administration seem to recognize that their actions are endangering the prosperity of this great nation.

Ronald Reagan said, government is not the answer to the problem, government is the problem.

Tonight, the President told the nation he disagrees. President Obama believes government is the solution: More government, more taxes, more debt.

What the President fails to grasp is that the American system that rewards hard work is what made America so prosperous.

What America needs is not Robin Hood but Adam Smith. In the year we won our independence, Adam Smith described what creates the Wealth of Nations.

He described a limited government that largely did not interfere with individuals and their pursuit of happiness.

All that we are, all that we wish to be is now threatened by the notion that you can have something for nothing, that you can have your cake and eat it too, that you can spend a trillion dollars every year that you don’t have.

I was elected to the Senate in 2010 by people worried about our country, worried about our kids and their future. I thought I knew how bad it was in Washington. But it is worse than I ever imagined.

Congress is debating the wrong things.

Every debate in Washington is about how much to increase spending – a little or a lot.

About how much to increase taxes – a little or a lot.

The President does a big “woe is me” over the $1.2 trillion sequester that he endorsed and signed into law. Some Republicans are joining him. Few people understand that the sequester doesn’t even cut any spending. It just slows the rate of growth. Even with the sequester, government will grow over $7 trillion over the next decade.

Only in Washington could an increase of $7 trillion in spending over a decade be called a cut.

So, what is the President’s answer? Over the past four years he has added over $6 trillion in new debt and may well do the same in a second term. What solutions does he offer? He takes entitlement reform off the table and seeks to squeeze more money out of the private sector.

He says he wants a balanced approach.

What the country really needs is a balanced budget.

Washington acts in a way that your family never could – they spend money they do not have, they borrow from future generations, and then they blame each other for never fixing the problem.

Tonight I urge you to demand a new course.

Demand Washington change their ways, or be sent home.

To begin with, we absolutely must pass a Balanced Budget Amendment to the Constitution!

The amendment must include strict tax and spending limitations.

Liberals complain that the budget can’t be balanced but if you cut just one penny from each dollar we currently spend, the budget would balance within six or seven years.

The Penny Plan has been crafted into a bill that millions of conservatives across the country support.

It is often said that there is not enough bipartisanship up here.

That is not true.

In fact, there is plenty.

Both parties have been guilty of spending too much, of protecting their sacred cows, of backroom deals in which everyone up here wins, but every taxpayer loses.