MADE WHAT ASKS WILL BE.
BACK TO YOU, LIZ.
ELIZABETH: EDWARD LAWRENCE,
THANK YOU SO MUCH.
LOOK WHO IS HERE, THE CHAIRMAN OF HOUSE BUDGET.
OF HOUSE BUDGET.
CONGRESSMAN JODY JODY JOE ARRING
DID YOU HEAR THE BALANCING THE
WHITE HOUSE BUDGET EXTREME.
HAVE WE FALLEN THROUGH THE
LOOKING GLASS?
ARE WE ON THE OTHER SIDE OF THE
MIRROR WITH WHAT IS GOING ON?
>> IT IS CERTAINLY MORE THAN
JUST EXTREME.
IT IS IRRESPONSIBLE AND RECKLESS
TO CONTINUE ON OUR DEBT PATH
WHICH IS COMPLETELY
UNSUSTAINABLE.
16 TRILLION OVER THE NEXT 10
YEARS.
116 TRILLION OVER 30.
HALF OF THE DEBT OVER THE NEXT
TEN YEARS IS INTEREST ALONE.
WE’LL BE SPENDING MORE ON
SERVICING THE DEBT, THAT IS
INTEREST PAYMENTS THEN ALL OF
NATIONAL DEFENSE IN 10 YEARS.
SO TO, TO SIMPLY RAISE THE DEBT
CEILING, TO ASK FOR A NEW LINE
OF CREDIT FOR THIS PRESIDENT AND
THE PROFLIGATE SPEND DEMOCRATS,
IT IS ABSOLUTELY UNACCEPTABLE.
WE HAVE TO PUT FISCAL REFORMS IN
PLACE ALONGSIDE OF RAISING THE
DEBT LIMIT.
IT HAS BEEN DONE SEVERAL TIMES
IN THE PAST SO THIS IS AN ACTION
FORCING OPPORTUNITY TO RIGHT THE
SHIP, PUT US ON A SUSTAINABLE
PATH.
ELIZABETH: AREN’T REPUBLICANS
DEMANDING $130 BILLION IN CUTS?
WHAT COULD BE CUT?
I THOUGHT HOUSE SPEAKER, WE
THOUGHT HOUSE SPEAKER McCARTHY
PROMISED SPENDING CUTS WHEN HE
NEGOTIATED WITH THE 20
CONSERVATIVE HOLDOUTS TO GET THE
SPEAKERSHIP.
SO I MEAN, WHERE IS THE
130 BILLION GOING TO COME FROM?
ARE YOU GOING TO GET IT?
>> WELL, LOOK, THERE’S, WE’VE
HAD HUNDREDS OF BILLIONS OF
DOLLARS OVER PRE-PANDEMIC
DISCRETIONARY SPENDING.
THEN OF COURSE YOU’VE GOT0% 70%
OF THE BUDGET WITH AUTO SPEND
WITH MANDATORY SPENDING THERE IS
PLENTY OF FAT THERE, THERE IS
PLENTY OF UNNECESSARY,
DUPLICATIVE SPENDING.
I DON’T THINK IT’S A MATTER IS
THERE ENOUGH TO CUT, IS THERE
POLITICAL WILL TO DO IT?
WE DID IT WITH 2011, SPENDING
CAPS WITHIN 10 YEARS.
THEY HAVE EXPIRED.
THOSE WERE NEGOTIATED ON A
BIPARTISAN BASIS.
WE’RE ASKING DEMOCRATS --
ELIZABETH: THEY’RE OFF THE
RAILS.
THEY’RE OFF THE RAILS.
THEY HAVE GONE OFF THE RAILS.
THIS IS NOT YOUR PARENTS DEMOCRAT PARTY.
DEMOCRAT PARTY.
LET’S WATCH WHITE HOUSE ADVISOR
BRIAN DEECE ADMITTING HOW BROKEN
IT IS.
PRUDENT FOR CONGRESS TO KEEP
RAISING THE DEBT CEILING NO.
IT IS NOT.
CONGRESS HAS NOT PRUDENTLY DONE
ITS JOB.
HAS NOT PASSED A BUDGET IN
DECADES.
INSTEAD 11th HOUR SPENDING
DEALS AND BILLS NO ONE READS.
WATCH THIS.
>> WHAT NEEDS TO HAPPEN WHAT
CONGRESS DONE TIME AND TIME
AGAIN PRUDENTLY DO ITS JOB. RAISE THE DEBT CEILING.
RAISE THE DEBT CEILING.
THAT ’78 TIMES SINCE KNIGHT 60.
THAT WILL NEED TO HAPPEN HERE.
ELIZABETH: DOES HE HEAR HIMSELF,
RAISE DEBT CEILING 78 TIMES, SO
YOU SHOULD DO IT AGAIN?
THAT IS NOT SUCCESS THAT IS
ABJECT FAIL TURE.
IT HAS GOTTEN SO BAD, DEMOCRAT
SENATOR MANCHIN, WORKING WITH
MITT ROMNEY, RESCUE COMMITTEE TO
RESCUE SOCIAL SECURITY AND
MEDICARE.
ELIZABETH: CONGRESS IS THE
COMMITTEE.
CONGRESS IS THE COMMISSION.
WILL HOUSE PUBS HOLD THE LINE
HERE?
>> ABSOLUTELY.
WE HAVE THE POWER OF THE PURSE.
WE HAVE NEGOTIATING LEVERAGE.
WE’RE GOING TO PUT US ON A
SUSTAINABLE PATH.
ELIZABETH: BUT CAN YOU GET
SENATE DEMOCRATS TO TO DO?
DIDN’T MEAN TO INTERRUPT?
CAN YOU GET SENATE DEMOCRATS TO
GO ALONG.
>> WE HAVE THE LEAD IN THE HOUSE
AND SENATE HAS TO MAKE UP THEIR
MIND TO COME ALONG WITH US.
TWO OUT OF THREE AMERICANS,
DEMOCRATS, REPUBLICAN,
INDEPENDENT, THINK THIS SHOULD
BE ONE OF THE TOP PRIORITIES OF
THE COUNTRY.
THE AMERICAN PEOPLE HAVE SEEN
THE CONSEQUENCES OF THE BROKEN
ECONOMIC POLICIES AFFECTING
THEIR POCKETBOOKS WITH THIS
RUNAWAY INFLATION AND SOARING
INTEREST RATES.
SOVEREIGN DEBT CRISIS WOULD BE
THE UNDOING OF THIS REPUBLIC.
IT WOULD AFFECT OUR ECONOMY, OUR
NATIONAL SECURITY AND OUR WAY OF
LIFE.
SO THAT, THAT IS THE GREATER
RISK HERE.
AND THAT’S WHY WE HAVE TO HAVE
THIS DISCUSSION AND ATTACH SOME
FISCAL REFORMS AS WE LOOK TO
RAISE THE DEBT CEILING THAT IS
THE ONLY OPTION.