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HomePoliticsHere's how Mitch McConnell has talked about the debt limit over the...

Here’s how Mitch McConnell has talked about the debt limit over the decade

Here’s how Mitch McConnell has talked about the debt limit over the decade

1 00:00:00,090 –> 00:00:05,310 >> Republicans have proposed plans that would rein in our deficits and debt and send a clear signal to 2 00:00:05,310 –> 00:00:10,620 taxpayers and the world that lawmakers in Washington have the will to 3 00:00:10,620 –> 00:00:12,350 live within our means. 4 00:00:12,360 –> 00:00:17,730 >> Raising the debt ceiling does not allow Congress to spend more money. It simply gives our 5 00:00:17,730 –> 00:00:24,120 country the ability to pay the bills that Congress has already racked up since the 1950s Congress 6 00:00:24,120 –> 00:00:27,210 has always passed it. And every president has signed it. 7 00:00:27,240 –> 00:00:32,730 >> Last night the Democrats who control the Senate proposed a bill that would lead to the largest debt 8 00:00:32,730 –> 00:00:39,000 ceiling increase in the history of the United States and which completely ignores the roots of 9 00:00:39,000 –> 00:00:44,160 this crisis. Forty three of us. As I indicated earlier I have now signed a letter to the majority leader pledging that we 10 00:00:44,160 –> 00:00:47,820 will not vote for your two point four trillion dollar debt limit amendment. 11 00:00:47,820 –> 00:00:53,460 >> It isn’t going anywhere. It will not pass the Senate. It will not pass the House. It is 12 00:00:53,460 –> 00:00:54,950 simply a non-starter. 13 00:00:54,980 –> 00:01:00,360 >> The United States of America will not for the first time in our history default on 14 00:01:00,360 –> 00:01:05,670 its obligations. This time the request is for the president to have the ability to raise the debt ceiling whenever he 15 00:01:05,670 –> 00:01:11,190 wants for as much as he wants. With no fiscal responsibility or 16 00:01:11,190 –> 00:01:16,680 spending cuts it may be a good idea if you don’t care about the debt. But it’s a nonstarter for 17 00:01:16,680 –> 00:01:22,170 those of us who do a request of any president to raise the debt ceiling in 18 00:01:22,170 –> 00:01:27,960 the future should involve a discussion with 19 00:01:27,960 –> 00:01:30,630 whoever the president is about what we might do about the debt. 20 00:01:30,630 –> 00:01:35,730 >> The decision to raise the debt ceiling is the perfect time. To have a discussion. 21 00:01:36,390 –> 00:01:41,590 >> About the debt but certainly we will extend on the debt ceiling because they understand the importance of debt. 22 00:01:41,590 –> 00:01:46,830 So that’s really a sacred trust we have to do a debt ceiling increase. 23 00:01:46,830 –> 00:01:52,080 >> There are other things that we have to do and we only have a limited number of days left. The debt ceiling must be 24 00:01:52,080 –> 00:01:57,900 raised. We have this emergency created by Harvey and Irma 25 00:01:57,900 –> 00:02:04,410 . Which must be addressed. This week we have the debt ceiling. Expiring because 26 00:02:04,410 –> 00:02:09,960 there’s more borrowing the secretary of the Treasury needs to do than the current debt ceiling allows 27 00:02:09,960 –> 00:02:13,490 him. If this isn’t the definition of an emergency I don’t know what is. 28 00:02:13,490 –> 00:02:19,050 >> The president believes that Congress will do what they’ve done three times during the Trump administration which is to raise the debt ceiling 29 00:02:19,050 –> 00:02:24,660 . We know that that will be a central focus and discussion probably even in here come 30 00:02:24,660 –> 00:02:25,170 the fall. 31 00:02:25,200 –> 00:02:30,840 >> Since Democrats decided to go it alone they will not get Senate Republicans help 32 00:02:30,840 –> 00:02:36,540 with raising the debt limit. Don’t play Russian roulette with our economy. Step 33 00:02:36,540 –> 00:02:36,810 up. 34 00:02:38,200 –> 00:02:43,750 >> And raise the debt ceiling. They’re fumbling for bogus excuses. They remain confident they 35 00:02:43,750 –> 00:02:49,480 can spend trillions of dollars to remake the entire economy in a couple of weeks. But supposedly they 36 00:02:49,480 –> 00:02:55,210 just cannot clear this much smaller procedural battle. Hurdle without 37 00:02:55,210 –> 00:02:59,530 Republican help. Really. Give him a break.

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