HE HEADS TO MICHIGAN HE WILL
MEET WITH HOUSE DEMOCRATS TO
TALK ABOUT ALL THINGS SPENDING
AND SEE IF HE HAS A CHANCE TO
BREAK THE LAW.
STUART: THE PRESIDENT CALLED
SENATE REPUBLICANS
HYPOCRITICAL, DANGEROUS AND
DISGRACEFUL AFTER THEY BLOCKED
A VOTE TO RAISE THE DEBT
CEILING.
>> THEY REFUSING TO DO THEIR
JOB AND THREATENING TO USE THE
POWER, THEIR POWER TO PREVENT
US FROM DOING OUR JOB, SAVING
THE ECONOMY FROM A CATASTROPHIC
EVENT.
QUITE FRANKLY IT IS AT THE CRITICAL, THEIR OBSTRUCTION AND
CRITICAL, THEIR OBSTRUCTION AND
RESPONSIBILITY KNOWS NO BOUNDS.
STUART: HERE IS A REPUBLICAN
SENATOR FROM THE STATE OF
FLORIDA, RICK SCOTT.
MISTER SENATOR, HYPOCRITICAL,
DANGEROUS AND DISGRACEFUL.
WOULD YOU LIKE TO RESPOND?
>> THAT IS EXACTLY WHAT HE IS,
THE SAME GUY HE DIDN’T VOTE FOR
THE DEBT CEILING, LET’S
REMEMBER, HERE’S WHY DEMOCRATS
WANT REPUBLICANS TO COME ON
BOARD.
THE DEMOCRATS CAN DO THIS ALL
BY THEMSELVES, DOING ALL THE SPENDING ALL BY THEMSELVES, THE
SPENDING ALL BY THEMSELVES, THE
WHITE HOUSE, THE HOUSE AND THE
SENATE, THEY DON’T NEED A
REPUBLICAN VOTE EXCEPT IF WE
SAY WE ARE GOING TO SUSPEND THE
DEBT CEILING SO WE DON’T HAVE
TO TALK ABOUT A NUMBER.
THEY CAN DO IT BY THEMSELVES
BUT DON’T WANT TO EXPLAIN THEIR
PLAN TO TAKE THE DEBT TO
$40 TRILLION.
WE ARE TALKING ABOUT THIS
BECAUSE REPUBLICANS KNOW
UNBELIEVABLE SPENDING IS
COSTING, INFLATION - FAMILIES
ARE SAYING I DON’T HAVE ENOUGH
MONEY TO BUY THE GAS TO GO TO
WORK AND FEED MY KIDS, AND
CAN’T BUY A HOUSE ANYMORE.
IT HAS GOTTEN TOO EXPENSIVE AND
CARS ARE RIDICULOUSLY EXPENSIVE
BECAUSE INFLATION CAUSED BY
RIDICULOUS GOVERNMENT SPENDING.
THIS IS GOT TO STOP.
BIDEN IS BEING A COMPLETE
HYPOCRITE HERE, DEMOCRATS ARE
DOING EVERYTHING ELSE BY
THEMSELVES, THEY PASSED THE
$1.9 TRILLION NON-COVID BILL IN
APRIL BY THEMSELVES, THE RECKLESS SPENDING BILL THEY
RECKLESS SPENDING BILL THEY
WILL DO BY THEMSELVES BUT THEY
WANT US TO COVER FOR THE
RIDICULOUS SPENDING.
I’M NOT DOING IT AND
REPUBLICANS ARE NOT GOING TO DO
IT.
STUART: WE COULD GET A DEBT
DOWNGRADE LIKE WE DID IN 2011
BECAUSE THE POLITICAL PROCESS
TO GET THE DEBT CEILING RAISED
IS SO COMPLICATED AND THE
TRAJECTORY OF THE DEBT IS SO
STRONG.
EVEN ALL THIS WRANGLING YOU
COULD STILL GET A DEBT RATING
REDUCTION.
THAT WILL BE A PROBLEM FOR THE
MARKET.
>> PEOPLE HAVE GOT TO
UNDERSTANDING, THEY ARE NOT
GOING TO RAISE THEIR TAXES TO
PAY FOR THIS.
PEOPLE BUYING LONG-TERM
TREASURIES, DID THEY BELIEVE
THE AMERICAN PUBLIC IS THIS
STUPID THAT WE, THEY ARE GOING TO ELECT PEOPLE LIKE ME TO
TO ELECT PEOPLE LIKE ME TO RAISE THEIR TAXES.
I DON’T WANT US TO DEFAULT ON
THEIR DEBT THE DEMOCRATS MADE
THIS CHOICE, THAT THIS IS GOOD
FOR THEM, MAKES NO SENSE TO ME,
TO ANYBODY IN THIS COUNTRY.
LET’S REMEMBER WE’VE GOT TO
START LIVING WITHIN MEANS, YOU
HAVE TO, AMERICAN FAMILIES HAVE
TO, THE INFLATION CAUSED BY
RECKLESS SPENDING IS HURTING
THE POOREST FAMILIES IN THIS
COUNTRY RIGHT NOW.
THIS HAS TO STOP.
WE HAVE TO LIVE WITHIN OUR
MEANS AND DEMOCRATS DON’T WANT
TO DO IT.
MAKES YOU SO MAD.
STUART: IS THERE ANY DOUBT IN
YOUR MIND THAT WE WILL DEFAULT?
THAT IS THE WRONG WAY AROUND.
I AM CERTAIN THAT WE WILL NOT
DEFAULT ON OUR LOANS.
DO YOU HAVE THE SAME LEVEL OF
CERTAINTY?
>> ABSOLUTELY.
WE HAVE ENOUGH MONEY TO PAY THE
INTEREST IF IT WAS A DEFAULT,
THE EXECUTIVE BRANCH DECIDED TO
DEFAULT.
OUR TAXES ARE HIGH ENOUGH.