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Rand Paul warns $700B Iran war cost worsens US debt amid $2T deficit

Market News
15 Apr 2026
Rishabh Mishra
View Source
Bearish
pluang ai news

Senator Rand Paul criticized the projected $700 billion cost of the Iran war, highlighting it as a major threat to the U.S. economy amid a $2 trillion deficit. He argued that the real danger to America is its growing debt and fiscal mismanagement, not foreign enemies. Paul advocated for his "Penny Plan," which calls for a 6% cut in overall spending to balance the budget within five years, warning that failure to control spending could harm the dollar and economy. Despite these warnings, few in Washington support such strict fiscal discipline.

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