restated decision the debt limit snobbish
tax i don't understand the objection to having language in this motion that says
that there will be a reasonable doubt that there should be a discussion of the
debt limit in the context of water issues of this country is facing
as a result i don't understand why we can't just put an end
that they were not interested in
for the state but i do respect this institution tremendous and i do believe
in regular order to the extent that we're talking about procedure
the problem is that the regular washington's businesses seventeen
trillion dollar debt satisfy the requirement for the u_s_ senate
and i would submit to you with all due respect all of my colleagues surveyor
i'll give you control the seventeen trillion dollar debt with the without
some bipartisan cooperation
so some things that i am concerned about is the regular order doing things in the
city
the rates consistently without any conversation
about the fact that this government borrows forty cents a every dollar that
expects
fourteen cents of every dollar
memories citizens of this country have this republic as a generation of
leadership
robbie future generations like this generation of leadership is done
so that's my concern
my concern is that do not have trust in washington d_c_
and i did not accept after who's in charge
not recklessly once again raised it
of the greatest country on earth without any consideration for leading the way we
spend money in the future she did not bankrupt this extraordinary nation any
of the cases that they have on our children
he always arguing with their
john mccain and or the republicans
now
margot romeo ted cruise
uh... in a few others
far really stepping on the toes of not just the democrats the republicans
because there shaking things up
in a bad way
so let me explain the million one reasons
why he has no idea what he's talking about
uh... look anything
he is upholds state uh...
going to committee and working
on a budget
the democrats
and other republicans
in till we take the debt limit off the table
and it's not part of negotiations or is there worried that went right
okay marco
the debt ceiling is about money we've already spent
you know he started the fighting i rely john mccain says that this isn't a
debatable issue
it's not ok would you be did john mccain knows it's about money we've already
spent
that's why do you koala shopping spree in run your visa bill of three thousand
dollars and then when you get the bill you look at your life in sync
i think we should pay less
yeah let's not paid us
okay that's not a mental issue you have to paint yeah i think that you bought
the stock already
sending one thing that ceiling
if we don't raise the debt ceiling
we would be stepping forty percent of our requirements
the government would only be able to meet about sixty percent of its
obligations you know what that means on t_v_ specifics the f_b_i_ will shut down
the people responsible for tracking down loose nukes will lose their jobs
the prisons one operate
biomedical
researchers will be funded
the court system will close its doors the tax refunds won't go out the federal
aviation administration will go offline
the parks will close food safety inspections will cease
you name it
it's affected and by the way it's not hyperbole i'm not going to meet
exaggeration like i often do right this is serious missus literal
seven points would be not off of g_d_p_
seven points
so you know other republican preventive care about jobs an economic growth
if they were to be in favor of not raising the debt ceiling
they would just be knocking seven point on g_d_p_
for no reason
uh... as a result of one of the last that's the only fights
we have to pay it nineteen billion dollars in higher borrowing called costs
over the next decade
why because the republicans balked and they were stonewalling
so our interest went up
as a result because the international community doesn't trust us as much a
about all i got a totally rational response to
if i was in the international community had a gap georgia more interest
crazy republicans of might decide to not raise the debt ceiling
but does recline said it best everybody quote
ironically for those who want to use the debt ceiling as leverage to reduce the
deficit busting through the debt ceiling would make our future deficits for worse
damage the economy now
would increase the the deficit
as spending goes up and tax revenues go down
when the economy flex and the higher borrowing costs later would increase the
deficit as we'd be paying more to service are back to the congressional
budget office expects
so their so-called stated goal of local and we what we shouldn't raise the debt
ceiling because we
we should
care about lowering that
but if you don't raise the debt ceiling alone time more debt
and by the way of the worst problem of all of course if we didn't raise the
debt ceiling we would default
so the united states would do the equivalent of going bankrupt
or we would just go defunct as a nation
and on top of that is like rodeo
and other republican uh... plans talk about
winds up as a balanced budget amendment you-know-who what would happen if we
pass a balanced budget amendment
it's not just say i think they will give you think that that is only a at face
value when there's no consequences associated with it
instead like asking somebody
it you know
would you be in favor robot paying off your student loans today
well of course i would say yes of course i'm in favor of that
boys again if you actually do that what would i mean maybe will we now you'll
meet the red meat you're not able to pay your mortgage
maybe rocket doubt because you don't have enough money but to continue
in your learning certain things that may be a round of money to buy food and drug
for everything was today
is the same thing with the balance budget amendment
here are two thousand eleven study by the nonpartisan center for budget and
policy priorities
down that a balanced budget amendment could throw about fifteen million more
people out of work
dulling unemployment rate
in fact even more than double it they would not be approximately eighteen
percent
and cause the economy to shrink
by about seventeen percent
you know what this shows me
more peruvian speech air
look it's actually very simple it shows me
that marco rubio doesn't read
he has a read the newspaper
he doesn't follow
uh... economics
he has actually know anything about government of politics begin thinking
about like any news article to tell you this
under one publication you go to
any news article
all of the debt ceiling would explain these basic facts
but you know i usually he doesn't mean that the other reviews labor you know
what's going on
so in other words yet the same approach to the debt ceiling issue
as somebody with no experience in economics or politics
some random uh... ishmael in the middle of
uh... illinois or ohio or nebraska and his aspen paid
or you would favor raising the debt ceiling no i don't like this one against
it
he got the same feeling he pays well that is bad it just give me a bad
feeling this early
so i'm against it so we should raise the debt ceiling
andy's stopping oka but negotiation from occurring on the budget
because of his stubborn is it because he doesn't know the facts