The High-Stakes Battle: Biden’s Game with America’s Debt, Biden Is The Only Person On Earth Who Can Ensure Not Default
Biden’s position has been, up until two days ago, he would not negotiate, he would not compromise, he wouldn’t even sit down and talk. That was obviously unreasonable. And Biden was doing more than that, he was threatening default of the debt, he was playing roulette with the American economy.
Let me be clear, there is one man on planet Earth and one man only who could ensure we do not default on our debt. His name is Joseph Robinette Biden Jr. And here’s what a responsible president would say. He would stand up and say, “America will never, ever, ever default on our debt.” Every month, federal tax revenues exceed the cost for the interest of the debt. If the president said, “We won’t default on our debt,” we wouldn’t.
But there’s a reason Biden is not saying that. He wants to scaremonger, he wants to scare the stock market, he wants to scare the bond markets. He’s counting on the corporate media to echo his scaremongering.
Biden’s Lesson from Obama’s Compromise: A Need to Learn from His Own Past
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.
Biden’s Mental Faculties and Radical Staffers: The Risk of Default Ignored
President Joe Biden needs to do the same thing. And I’ll say sadly, the reason he hasn’t so far, I believe, is because his mental faculties are too diminished right now to do what he did in 2011, to sit down and actually work together on a solution to the problems. And what we’re left with is a bunch of young staffers in the White House, radical children who are perfectly willing to risk a default on the debt because they have no appreciation of the chaos and misery and damage a default would do. We should not default on our debt, but the present path we’re on is unsustainable, and Joe Biden needs to come to the table.
And I will say, it is a major victory for America that the day before yesterday, Biden finally blinked and said, “Okay, I’ll sit down and talk.” That’s the first step. Now the second step is, let’s solve the problem.
Debt Limit Standoff: Radical Democrats’ Refusal to Compromise
Reporter: : Is there an openness to doing anything short-term on the debt limit to let those conversations, like you’ve gone on spending before?
Cruz: We don’t have to. We can reach a resolution here. I believe the resolution is going to be a compromise. But for there to be a compromise, the radical Democrats have to be willing to compromise. To date, they have not been willing to do so. They created this problem, and they have not demonstrated any willingness to be part of solving it. Look, I can tell you a short-term extension, a clean debt ceiling, is not going to pass Congress. That is a solution that the White House has fevered dreams of, but it’s not going to pass Congress, nor should it. Because doing that would be disregarding our constituents at home who are hurting, who are facing the consequences of this uncontrolled spending.
Republicans Takes a Stand Against Out-of-Control Spending: A Solution for Working Families
I’m here today to praise the Republican majority in the House of Representatives. They came together, they stood as one, and they passed a serious bill that avoids a default on our debt and that makes serious steps to reining in the out-of-control spending and the debt that is bankrupting our kids and grandkids.
If you’re at home and you’re sick and tired of the inflation that is making life harder each and every day, you’re tired of paying more at the grocery store, you’re tired of paying more in rent, you’re tired of paying more at the gas pump, it was caused by trillions of dollars of spending from out-of-control Democrats. And the House Majority has stood up and led and said, “We’ve got to reign that back in for the Working Families who are hurting across this country.”
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Debt Limit Standoff: Radical Dems Risk Default! Old Biden & Radical Staffers: A Dangerous Game with America’s Debt