#shorts during a press conference, Senator Cruz said, “But I’ve got very simple advice on who President Joe Biden should listen to. President Joe Biden should listen to Vice President Joe Biden in 2011 when Republicans in the House stood strong on the debt ceiling again because Democrats had had the majority of the Congress for two years, had passed trillions in irresponsible spending, and Republicans stood strong and said, “We will not raise the debt ceiling without serious fiscal reform.” What happened then? Vice President Joe Biden came and negotiated a deal, a deal called the Budget Control Act that was designed to cut 2.3 trillion dollars in spending. It was the most significant federal spending reform in modern times. That happened because Barack Obama blinked, and Biden, Vice President Biden, sat down with House Republicans and reached a meaningful compromise. “

On 5/3/2023, Sen. Ted Cruz (R-Texas) said Biden is playing a game of chicken with the U.S. economy. Cruz predicted that a clean debt ceiling increase without anything attached won’t pass Congress. He said the U.S. should not default on its debt but the “present path” that the U.S. government is on is “not sustainable.”

Noting that 217 House Republicans voted for the debt limit bill that passed, Sen. Rick Scott (R-Fla.) said the Senate GOP wants to help the House move it through the Senate. The chamber is currently controlled by the Democrats 51-49. The Treasury Department estimated the U.S. would default on its debt by June 1 if the debt ceiling isn’t raised. McCarthy and Senate Majority Leader Mitch McConnell accepted an invitation to meet with Biden on May 9.

other clips of this published longer video is here: https://youtu.be/qoyRGsqSvoI
Biden’s Lesson from Obama’s Compromise: A Need to Learn from His Own Past