MR. NICE GUY.
IT IS TO GET THE ANSWERS GOOD
FOR YOU.
THANK YOU VERY MUCH FORMER
OFFICE OF MANAGEMENT AND BUDGET
DIRECTOR RUSSELL’S BEEN THROUGH
OF THE SITUATION HE JOINS US
NOW.
GOOD TO SEE YOU, THANKS FOR
BEING HERE.
POLITICALLY IT WHAT THINK IS
GOING ON HERE?
JUST ONE WEEK AGO WAS SENT
DEFAULT, DEFAULT, DEFAULT.
NOW IS SAYING HE DOESN’T THINK
THERE WILL BE A DEFAULT.
HIS APPROVAL RATING HAS BEEN
GOING DOWN IT.
MAYBE THAT HAD SOMETHING TO DO
WITH THIS CHANGE IN ATTITUDE?
>> I HAVE AN UNSUSTAINABLE
POSITION THE PRESIDENT HAS COME
TO THAT REALIZATION IS BUT A
NEGOTIATING TEAM THAT’S CAPABLE
OF GETTING TO A DEAL, NOT EASILY
WITHIN THE HARD LEFT INDIVIDUALS
WITHIN THE WHITE HOUSE.
BUT THEY HAVE THAT CAPABILITY.
THE QUESTION IS, IS HE GOING TO
INSTRUCT THEM TO GET A DEAL?
THEY NEED ONE.
THE PRESIDENT IS IN A SITUATION
WHERE HE REALIZES HE HAS TO HAVE
A DEBT LIMIT THE HOUSE SHOULD
NOT BUDGE.
IT HASN’T SO FAR IS PLEASED TO
SEE THEM TAKE A HARD LINE ON
THURSDAY AND FRIDAY WITH REGARD
TO THE ACTUAL SPENDING AT PLAY.
FROM A POLITICAL STANDPOINT THE
DEMOCRATS IF THAT IS TOTALLY
UNSUSTAINABLE POSITION FOR
THAT’S COMING TO THE REALIZATION
TO THE PRESIDENT AT THIS MINUTE.
>> AT FIRST THE PRESENT SINK NOT
A DIME HE CAN CUT OUT OF
TRILLIONS OF DOLLARS OF EXTRA
SPENDING.
THAT WAS IN A POSSIBLE CLAIM,
WASN’T IT?
>> IS ONE OF THE THINGS YOU SAY
EVERYONE REALIZED IS NOT CAST
THE LAUGH TEST WHEN THE REALITY
OF THE WAIST, THE WOE AND THE
PEOPLE ARE SEEING IN THEIR DAILY
LIFE.
WHETHER THAT IS FOREIGN AID IS
DISPENSING AS WE SPEAK FOR THE
AMOUNT OF CRITICAL RACE THEORY
AND THEN COMING OUT OF THE
DEPARTMENT OF EDUCATION THAT IS
THE DEBATE THE HOUSE MEMBERS
NEED AND WANT TO HAPPEN.
NO NEED TO CUT SPENDING TO GUILT
INFLATION THEY CANNOT DO THAT IF
WE HAVE A LIMIT THAT GOES
WITHOUT ANY REAL CHANGES.
DAVID: ONE KEY POINT GETTING
PUSHBACK FROM THE LEFT PART OF
THE DEMOCRATIC SIDE IS REQUIRED
WORK FOR WELFARE.
OF COURSE IT HAS BEEN VERY
SUCCESSFUL IN THE PAST.
NINETY-SIX PRESIDENT BIDEN WAS
IN FAVOR OF IT.
HE SAYS LOOK, WE DO NOT HAVE TO
GO BACK AND REVISIT THAT.
IN FACT BOTH THE OBAMA
ADMINISTRATION IN THE PAST THREE
YEARS IN THE BIDEN
ADMINISTRATION AND CUTTING BACK
DRAMATICALLY ON THOSE
REQUIREMENTS THE WORK
REQUIREMENTS FOR WELFARE.
EXPANDING MEDICAID.
RIGHT NOW WE NEED IT AGAIN,
DON’T WE?
IT IS A PERFECT TIME RIGHT NOW
TO REINSTITUTE WORK REQUIREMENTS
REQUIREMENTS.
NOT JUST IN CASH, WELFARE AND
WELFARE BENEFITS BUT MEDICAID,
HOUSING, FOOD STAMPS.
MUCH OF THE WORK REQUIREMENT IS
SOCIAL SAFETY NET INSTEAD OF
BEING A BENEFIT HAMMOCK WE HAVE
SEEN IN THE AFTERMATH OF COVID.
IT’S A PERFECT TIME I’M ON THE
HOUSE TO PUT IN THEIR BILL.
I’M GLAD THAT’S ON THE TABLE FOR
WHAT SHOULD BE DONE.
BECAUSE OF NINE DAVID HOUSE
PASSED A BILL THERE’S BEEN
AMATEUR HOUR AT THE WHITE HOUSE
AND NOT PASSING ANYTHING AND
BELIEVING THEY COULD HAVE A
CLEAN DEBT LIMIT WHICH IS A
HISTORICAL EVENT.
ANOTHER BACK IS AGAINST THE WALL
BUT THEY NEED TO ACCEPT THE ONLY
THING THAT HAS PASSED ONE OF THE
CHAMBERS AS THE HOUSE BILL.
>> IS A BILL OUTSTANDING ON
PAPER.
THE NUCLEAR OPTION FOR THE
SO-CALLED NUCLEAR OPTION THEY
WOULD USE THE 14th AMENDMENT.
SOMETHING TO DEAL THE CIVIL WAR
PROBLEMS OR PROBLEMS COMING OUT
IN THE CIVIL WAR.
THEY CLAIM THERE IS IN THIS
14th AMENDMENT WHEN I SAY THEY
IT’S MOST OF THE LEFT WING OF
THE DEMOCRATIC PARTY DOING THIS.
THEY QUOTE SOMETHING THE
VALIDITY AUTHORIZED BY LAW
INCLUDING THAT SHALL NOT BE
QUESTIONED.
HERE’S THE WHOLE SECTION FOR THE
14th ON THEM AT THE VALIDITY
OF THE PUBLIC DATA IN THE UNITED
STATES AUTHORIZED BY LIKELY
DEBTS INCURRED FOR PENSION AND
BOUNTIES, FOR SERVICES IN
SUPPRESSING INSURRECTION OR
REBELLION SHALL NOT BE
QUESTIONED.
THAT WAS SPECIFICALLY TARGETED
TO PROBLEMS STEMMING FROM THE
CIVIL WAR.
IT DOES NOT APPLY HERE, DOES IT?
TO KNOW THE KEYWORDS THERE’S
AUTHORIZED BY LAW.
YOU GIVE THE CONTEXT FOR THE
AMENDMENT.
IN TERMS OF AUTHORIZED BY LAW IF
YOU DON’T HAVE A DEBT LIMIT THAT
IS INCREASE IS NOT AUTHORIZED BY
LAW.
THE DEMOCRATS UNDERSTAND THAT
FOR THE ONE TO THINK THEY’RE IN
THE FAST KNOW THERE’S A REASON
I’M NOT DONE THIS BEFORE THAT
BECAUSE IT DOES NOT APPLY PRETTY
14th AMENDMENT IT’S BASICALLY
A WASHINGTON WAY OF SAYING
IGNORE THE CONSTITUTION IGNORE
THE LAW.
TO IGNORE IT THE LAW.
TALK ABOUT THE QUITE ECO- FOR
PRINTING MORE MONEY.
AGAIN, THERE IS NO WAY OUT OF
THE SITUATION OTHER THAN PASSING
THE BILL HAS FIVE CHILDREN
DOLLARS IN SAVINGS.
A CLAIM FOR THE PRESIDENT TO
APPROVE OF GET THE SENATE IF HE
DOES.
DAVID: AND WANT TO PUT UP A
QUOTE FROM JANET YELLEN.
EVEN JANET YELLEN, OUR TREASURY
SECRETARY ADMITS IT’S A LEGALLY
QUESTIONABLE WHETHER OR NOT
THAT, MEANING THE 14th
AMENDMENT, IS A VIABLE STRATEGY.