WEBVTT - If We Don’t Raise the Debt Ceiling, Will the Apocalypse Really Occur? 0:00:00.040 --> 0:00:06.960 February four, little over a year ago, when the House 0:00:06.960 --> 0:00:10.240 of Representatives voted to increase the legal limit on the 0:00:10.320 --> 0:00:14.360 national debt by another one point nine trillion dollars that 0:00:14.440 --> 0:00:17.720 lifted the limit from twelve point three trillion to fourteen 0:00:17.800 --> 0:00:22.800 point two trillion. Not one Republican voted for the increase. 0:00:24.239 --> 0:00:26.279 It's amazing how this tracks. Like I just said, if 0:00:26.280 --> 0:00:29.880 you go back to two thousand six, not one Democrat 0:00:30.040 --> 0:00:33.000 voted to raise the debt limit. In two thousand six, 0:00:33.720 --> 0:00:38.440 Republicans ran the show. Then one year ago, not one 0:00:38.560 --> 0:00:44.640 Republican voted to raise the debt ceiling when they didn't 0:00:45.440 --> 0:00:53.400 run the show. Of course, just a year ago, one year, 0:00:54.360 --> 0:01:00.200 the debt ceiling has gone up by two trillion dollars now. 0:01:00.240 --> 0:01:04.920 The Majority whip at the time was Eric Canter of Virginia. 0:01:05.800 --> 0:01:08.360 He stood up on the House floor that day and 0:01:08.440 --> 0:01:11.160 said that it was beyond comprehension and that it was 0:01:11.200 --> 0:01:14.720 a travesty to talk about raising a legal debt limit 0:01:15.040 --> 0:01:22.039 to fourteen point two trivion dollars. Last week, the Republican 0:01:22.080 --> 0:01:24.959 House leadership agreed to a deal with President Obama and 0:01:25.080 --> 0:01:30.040 Den Harry to spend three point seven five five five 0:01:30.280 --> 0:01:34.280 trillion dollars in this fiscal year, even though at the 0:01:34.440 --> 0:01:37.319 close of business owned Friday, as the deal was being struck, 0:01:38.160 --> 0:01:41.200 the Treasury reported that it could borrow only an additional 0:01:41.360 --> 0:01:46.080 eighty billion before hitting to twelve point to nine four 0:01:46.160 --> 0:01:50.040 trivion debt limit Congress that last year. So the debt 0:01:50.160 --> 0:01:52.600 sailing increase of last year, we were bumped up again. 0:01:52.640 --> 0:01:57.400 It now against it. It's we need to do it 0:01:57.400 --> 0:02:00.520 again in this In the first six months of this 0:02:00.560 --> 0:02:03.960 fiscal year, which would be October through March, according to 0:02:04.000 --> 0:02:09.560 the Treasury Department, the debt increased seven hundred eight billion. 0:02:09.720 --> 0:02:12.119 Even if you subtracted the thirty eight and a half 0:02:12.160 --> 0:02:16.120 billion of this deal from that number, the federal government 0:02:16.160 --> 0:02:19.560 would still be on a pace to increase the debt 0:02:19.560 --> 0:02:21.959 by about another six dred and seventy billion dollars in 0:02:21.960 --> 0:02:27.200 the remaining six months of this fiscal year. Just to 0:02:27.280 --> 0:02:30.280 put that thirty eight and a half billion dollars into 0:02:30.360 --> 0:02:34.639 further perspective, simply put by the way these numbers, these 0:02:34.680 --> 0:02:38.200 have Terence Jeffrey and a piece he has at the 0:02:38.240 --> 0:02:42.880 cyber Cast News service to put this in perspective. To 0:02:43.120 --> 0:02:46.280 consummate the spending deal, the Republican House leaders cut with 0:02:46.320 --> 0:02:53.320 Obama and read on Friday, where is page too stupid predator? 0:02:53.400 --> 0:02:57.680 To concentrate the deal, our commensate can consummate the deal, 0:02:58.960 --> 0:03:02.880 Republicans would need to lift the debt ceiling by hundreds 0:03:02.880 --> 0:03:05.240 of billions of dollars just so let the government borrow 0:03:05.280 --> 0:03:07.640 the money the Republicans have already agreed to let the 0:03:07.639 --> 0:03:15.680 government spend between now and see. Back in February, when 0:03:15.720 --> 0:03:19.280 the then Democrat controlled House of Representatives voted to lift 0:03:19.400 --> 0:03:22.840 the debt ceiling up to the fourteen point to nine 0:03:22.919 --> 0:03:29.040 four trillion is when Cantor delivered a scathing speech against it. 0:03:30.480 --> 0:03:33.400 He said, it would be recklessly naive to go about 0:03:33.400 --> 0:03:36.840 our business in Washington pretending there won't be severe consequences 0:03:36.880 --> 0:03:38.960 for the mountains of debt that we're piling up. Yet 0:03:39.000 --> 0:03:43.480 today it is evident that this kind of wilful ignorance 0:03:43.560 --> 0:03:46.400 is sweeping across Washington. We are set to lift our 0:03:46.480 --> 0:03:50.040 nation's debt burden to fourteen trillion dollars. I would ask 0:03:51.160 --> 0:03:53.160 my colleagues in this chamber if they know how many 0:03:53.240 --> 0:03:56.800 zeros fourteen trillion has I would ask the American people 0:03:56.840 --> 0:03:59.040 if they know how many zeros are in fourteen trillion. 0:04:00.040 --> 0:04:03.600 It's fourteen trillion. It's beyond comprehension to be talking about 0:04:03.680 --> 0:04:07.040 numbers this big. More precisely, the limit is and then 0:04:07.040 --> 0:04:11.480 he read it out one nine zero zero zero zero 0:04:11.600 --> 0:04:16.880 zero zero zero zero. It's a travesty, he said. The 0:04:17.040 --> 0:04:20.800 writing is on the wall, said Cantor, Congress needs to 0:04:20.800 --> 0:04:23.880 wake up and realize the future of American prosperity is 0:04:23.920 --> 0:04:27.920 in dire straits moral danger. And he was right then. 0:04:32.760 --> 0:04:39.880 But if you go back to two thousand six when 0:04:39.920 --> 0:04:44.279 the Democrats, sorry, when the Republicans had control, When you 0:04:44.320 --> 0:04:45.880 go back in two thousand and six, it was the 0:04:45.960 --> 0:04:50.000 Democrats saying almost identical word for word what Cantor is 0:04:50.000 --> 0:04:54.080 saying here. So what we've learned here is is that 0:04:54.120 --> 0:04:59.960 the party out of power is always opposed they're raising 0:05:00.040 --> 0:05:03.960 the debt limit. And they used the same arguments that 0:05:04.000 --> 0:05:06.480 the that the previous time of another party was out 0:05:06.480 --> 0:05:17.360 of power used. It's it's it's uh, mind boggling. Here. 0:05:19.160 --> 0:05:22.480 It's all about who's running the show. And if you're 0:05:22.480 --> 0:05:25.440 not in charge, if you're not in control, you're not 0:05:25.520 --> 0:05:28.839 the majority, you're gonna oppose raising the debt ceiling. Except 0:05:28.960 --> 0:05:31.200 we're kicking it. We're gonna kick the can down the road. 0:05:31.200 --> 0:05:34.520 This is why Terrence Jeffrey has written the piece. If 0:05:34.520 --> 0:05:37.440 you're just joining us, the Republicans are sending a signal 0:05:37.440 --> 0:05:39.760 out that they're not going to fight the debt ceiling increase, 0:05:40.360 --> 0:05:43.640 that the Ryan budget deal that really should be our 0:05:43.680 --> 0:05:47.559 area focus. That's what they're saying. From the political today, 0:05:47.560 --> 0:05:52.040 Republicans are growing increasingly concerned about the impact a bruising 0:05:52.120 --> 0:05:56.560 fight over raising the nation's uh uh fourteen trillion dollar 0:05:56.600 --> 0:06:00.960 debt sailing could have on US financial markets. Speaker Bayner 0:06:01.080 --> 0:06:04.960 has had conversations with top Wall Street executives asking how 0:06:05.000 --> 0:06:08.120 close Congress could push to the debt limit deadline without 0:06:08.200 --> 0:06:12.440 sending interest rates staring and causing stock prices to go lower, 0:06:12.480 --> 0:06:15.839 people familiar with the matter, said Bayner. Spokesman Michael Steele 0:06:15.880 --> 0:06:19.039 said last night he was not aware of any such conversations, 0:06:19.080 --> 0:06:24.200 But the media is reporting that Wall Street execs are 0:06:24.400 --> 0:06:27.800 warning Bayner, you guy, you better, you better, you better 0:06:27.839 --> 0:06:33.960 not fight this fight. So that's where we are. You know, folks, 0:06:34.000 --> 0:06:36.840 we're getting the same kind of hysterian about the need 0:06:36.880 --> 0:06:39.039 to raise the death sailing we got about the government shutdown. 0:06:39.120 --> 0:06:41.560 We're getting the hysteria is the same as we got 0:06:41.600 --> 0:06:45.039 for TARP. We better do this. If we don't do this, 0:06:45.080 --> 0:06:47.359 we could be a whole collapse. If we don't do this, 0:06:47.440 --> 0:06:50.640 the financial system of the world could come clumba with everything. 0:06:50.960 --> 0:06:56.560 Remember that it's still unspent TARP money. And then the 0:06:56.600 --> 0:06:59.520 same thing with with the stimulus bill. I mean, we 0:06:59.560 --> 0:07:01.400 had to do that right there. We couldn't. We had 0:07:01.400 --> 0:07:03.800 to bail out General Motors. All that stuff in the 0:07:03.880 --> 0:07:05.760 fall of two thousand and eight had to be done 0:07:05.880 --> 0:07:10.800 right now, And we're getting the same kind of hysterium 0:07:11.000 --> 0:07:15.000 about the need to raise the debt ceiling. Washington knows 0:07:15.080 --> 0:07:18.840 how to do this. Why shouldn't they got what they wanted, 0:07:19.000 --> 0:07:21.000 every bit of it in two thousand eight playing us 0:07:21.040 --> 0:07:25.400 this way. So the Democrats and their copy boys in 0:07:25.440 --> 0:07:28.640 the media are saying that it would be an apocalypse 0:07:29.240 --> 0:07:34.080 if the debt ceiling is not raised. Michelle Bachman was 0:07:34.160 --> 0:07:39.280 on Fox and Friends this morning. She pointed out that 0:07:39.360 --> 0:07:43.000 it would probably take six to seven months before the 0:07:43.080 --> 0:07:47.960 debt ceiling would force the government to shutdown, if ever, 0:07:48.360 --> 0:07:53.200 and that's the bottom line, A genuine shutdown of the 0:07:53.320 --> 0:08:00.760 United states government isn't going to happen. It's simply will 0:08:01.520 --> 0:08:07.560 not happen. Revenue would still be coming in. People are 0:08:07.560 --> 0:08:10.840 still working and paying taxes. Revenue is still coming in. 0:08:10.920 --> 0:08:13.400 The worst that would come out of it is that 0:08:13.480 --> 0:08:16.960 we would have to prioritize our spending. In fact, it would, 0:08:18.280 --> 0:08:20.160 she pointed out, to be almost like a de facto 0:08:20.200 --> 0:08:24.920 balanced budget amendment, which would be a good thing. But 0:08:25.000 --> 0:08:27.640 we're getting we'll get the same kind of hysteria. Oh 0:08:27.640 --> 0:08:29.600 we can't well, no no, just like we can't have shutdown, 0:08:29.600 --> 0:08:31.800 can't have shut Oh no, no, we can't, can't. We 0:08:31.880 --> 0:08:34.600 gotta raise the death It's the same damn way focus, 0:08:34.640 --> 0:08:39.360 the same damn procedure, it's the same strategicy, it's the 0:08:39.400 --> 0:08:47.480 same promise of calamity apocalypse, and it's not true. There 0:08:47.600 --> 0:08:52.959 is not imminent disaster on the other side of failing 0:08:53.000 --> 0:08:58.600 to raise the dead limit. You see, what's guiding all 0:08:58.679 --> 0:09:04.400 this is that which I believe is our biggest, single 0:09:04.600 --> 0:09:08.840 problem too well, and that's hard to really categorize. But 0:09:09.040 --> 0:09:12.040 if it's not the single biggest problems very close, and 0:09:12.080 --> 0:09:15.960 that is the notion that not one meaningful thing in 0:09:15.960 --> 0:09:19.760 this country can happen unless the government is involved in it. 0:09:21.320 --> 0:09:27.400 That's destroying us. The notion that kids can't eat, that 0:09:27.480 --> 0:09:32.320 people can't learn, that products can't be manufactured, that services 0:09:32.360 --> 0:09:38.920 can't be performed, nothing, nothing can happen unless government is 0:09:39.000 --> 0:09:44.240 open and actively involved in it. And folks that that 0:09:44.280 --> 0:09:50.240 whole premise is fallacious, and yet it is destroying us. 0:09:53.160 --> 0:09:56.679 What would happen if we don't raise the net sailing? Well, 0:09:57.000 --> 0:09:59.880 we couldn't borrow any more money. It's a good thing, right. 0:10:01.800 --> 0:10:05.640 If the United States government were a person or a family, 0:10:05.760 --> 0:10:10.120 would anybody loan them any money? Nope, just the sharks, 0:10:11.200 --> 0:10:19.480 just the predatory lenders out there. Wouldn't that force the 0:10:19.520 --> 0:10:21.360 government to find and make some real cuts, set some 0:10:21.400 --> 0:10:26.560 priorities if it couldn't borrow any money. Yeah, we keep 0:10:26.920 --> 0:10:32.640 hearing that government like family. Family sits around a kitchen table, 0:10:32.640 --> 0:10:35.040 although I don't think families do that much anymore. Family 0:10:35.080 --> 0:10:37.680 sit around a kitchen table, they pour over the monthly bills. Yeah, 0:10:37.800 --> 0:10:39.560 you can just see that, mom, dad, the two point 0:10:39.559 --> 0:10:42.800 eight kids, and family dogs poring over the family. You 0:10:42.880 --> 0:10:44.719 do that with your daughter's down. You sit down and 0:10:44.800 --> 0:10:51.240 go over the bills with your daughters. I didn't think so. Yeah, okay, 0:10:51.240 --> 0:10:55.080 the college bills, but I mean the whole No, you 0:10:55.160 --> 0:11:00.079 don't at any rate. What would be so bad for 0:11:00.120 --> 0:11:08.719 the federal government couldn't borrow any money? Uh see, this 0:11:08.840 --> 0:11:11.319 is my whole point. We are falling for this. It 0:11:11.360 --> 0:11:13.840 would destroy the confidence and that there isn't you know, 0:11:13.920 --> 0:11:20.000 the fastest way to destroy confidence in the United States 0:11:20.720 --> 0:11:22.720 is to have Obama succeed and everything he wants to do, 0:11:22.760 --> 0:11:25.640 we're gonna become a laughing stock. Well, Obama wants to 0:11:25.679 --> 0:11:30.360 take this country is precisely to where it has no 0:11:30.480 --> 0:11:34.439 respect around the country and around the world because it 0:11:34.559 --> 0:11:39.880 isn't any special. But we've been there, said that, done that. 0:11:41.000 --> 0:11:45.840 This whole notion here that any time the ruling class 0:11:45.840 --> 0:11:49.480 in Washington desperately wants something, the same tactic is employed. 0:11:49.920 --> 0:11:56.200 If they don't get it, it is the apocalypse. It 0:11:56.480 --> 0:12:03.760 is an utter, unthinkable disaster. And in none of these 0:12:03.760 --> 0:12:06.959 cases has that been true. As it turns out, as 0:12:07.000 --> 0:12:09.120 I say, they're still tarp money that hadn't been spent. 0:12:10.080 --> 0:12:19.640 Excuse me, there's still stimulus money that hasn't been spent. Hell, folks, Heck, 0:12:19.760 --> 0:12:24.480 for those of you offended by hell, some of the 0:12:24.480 --> 0:12:27.760 thirty eight and a half billion dollars in the budget 0:12:27.840 --> 0:12:30.920 cuts is simply money that hasn't been spent yet from 0:12:30.960 --> 0:12:36.440 previous budgets. It's not new cuts, it's all kinds of 0:12:36.480 --> 0:12:43.520 money that hasn't been spent. Let's look at this realistic. 0:12:43.840 --> 0:12:48.600 You mean to tell me that this government cannot get 0:12:48.600 --> 0:12:55.800 along on a measly fourteen point three trillion dollars We 0:12:55.920 --> 0:13:00.760 got a budget of three point seven three point nine trillant. 0:13:00.800 --> 0:13:06.640 We can't get by on that. This is absurd. We've 0:13:06.679 --> 0:13:12.640 lost all perspective, We've we've lost all connection to rehable here. 0:13:12.679 --> 0:13:16.120 A real debt limit seems to me to be exactly 0:13:16.160 --> 0:13:18.840 what we need here. And you know what, I think 0:13:18.920 --> 0:13:22.040 the rest of the world would actually be happy that 0:13:22.120 --> 0:13:25.320 we are beginning to act like adults for once where 0:13:25.360 --> 0:13:31.680 our debt is concerned. Look at the I m F. 0:13:32.760 --> 0:13:34.800 Not particularly fond of the I m F, but let's 0:13:34.840 --> 0:13:40.040 look at them anyway. They and everybody else telling us 0:13:40.559 --> 0:13:43.920 that we need to get our house in order, Well, 0:13:44.559 --> 0:13:47.600 wouldn't it be a real cap on our borrowing be 0:13:47.800 --> 0:13:57.640 a big important first step to getting our house in order? Right? Folks? 0:13:57.960 --> 0:14:02.360 Might we've got to resist this. We have to resist 0:14:02.360 --> 0:14:06.640 that there's a disaster in the next twenty four hours, 0:14:06.679 --> 0:14:10.040 there's a disaster in the next month. The disaster is 0:14:10.120 --> 0:14:15.240 in the Oval office. The disaster is going to be 0:14:15.240 --> 0:14:17.839 making a speech here in about seven and a half minutes. 0:14:20.840 --> 0:14:23.400 The disaster is going to be making a campaign speech 0:14:23.640 --> 0:14:27.720 on winning the future with tax increases. Let me grab 0:14:27.760 --> 0:14:31.160 a quick phone call here with Hendersonville, North Carolina High Kurt. 0:14:31.280 --> 0:14:33.560 I'm glad you called. Welcome to the program, Rush. I 0:14:33.600 --> 0:14:36.720 appreciate you taking my call, and my question is regarding 0:14:36.760 --> 0:14:38.840 the death celling. But before I asked that, I just 0:14:38.880 --> 0:14:43.800 want to compliment and thank you for um you educating 0:14:43.880 --> 0:14:46.920 us and for keeping us informed. It's very difficult for 0:14:46.960 --> 0:14:50.040 the average barn animal to to weed through the maze 0:14:50.040 --> 0:14:55.240 of misinformation, and I appreciate it. Appreciate very much farm 0:14:55.320 --> 0:14:57.600 animals due to well, the question I have for you is, 0:14:57.720 --> 0:15:00.760 just before I actually clicked on your pro rahm on 0:15:00.920 --> 0:15:03.480 the news, I saw that that there are some congressmen 0:15:03.640 --> 0:15:06.680 senators that were saying, in essence, we are not going 0:15:06.720 --> 0:15:10.720 to up the debt limit until we vote or until 0:15:10.760 --> 0:15:13.080 we get a handle, until we and there is a 0:15:13.200 --> 0:15:19.040 bipartisan consensus that we must um agree to spending um 0:15:19.120 --> 0:15:23.520 that will be responsible and and so and so forth. Well, 0:15:23.560 --> 0:15:26.920 if that happens, then why why do we need to 0:15:26.960 --> 0:15:31.080 increase the debt limit? If if those things have been accomplished. 0:15:31.120 --> 0:15:33.560 I mean, that's not a rhetorical question. I'm matching. I'm 0:15:33.560 --> 0:15:37.320 really serious. I don't understand if they've already pre agreed that, 0:15:37.320 --> 0:15:40.000 all right, we're gonna you know, we've come. We realize 0:15:40.040 --> 0:15:43.200 that we we can't spend more than we're taking in Dadada, 0:15:44.360 --> 0:15:46.480 but we still need to increase the debt limit. What 0:15:46.560 --> 0:15:52.440 am I missing? What you're missing is yeah, what you're 0:15:52.480 --> 0:15:57.840 missing is it. I don't know what you think you heard, 0:15:58.800 --> 0:16:03.360 But nobody has agreed to stop spending, and nobody has 0:16:03.400 --> 0:16:06.440 agreed to spend anything less than what we're spending now. 0:16:06.520 --> 0:16:08.760 I don't know what you think you heard. If you 0:16:08.840 --> 0:16:11.440 did hear, that they're lying to you. Let's return to 0:16:11.480 --> 0:16:15.520 the audio. Sunbite this this morning, this morning in Washington, 0:16:15.640 --> 0:16:20.360 Airic Cantor, the majority leader for the Republicans in the House. 0:16:20.440 --> 0:16:24.160 Sis speech is coming a full two months after the 0:16:24.280 --> 0:16:28.280 president's original budget proposal and speech to the nation of 0:16:28.360 --> 0:16:31.320 the State of the Union. You know this is vintage Obama. 0:16:31.880 --> 0:16:35.800 He's been standing on the sidelines expecting the rest of 0:16:35.920 --> 0:16:39.840 us to make the tough decisions to lead this country. Yep, 0:16:39.960 --> 0:16:42.760 that's what he does. Sits around that other people do, it, 0:16:42.800 --> 0:16:44.640 comes in a thing into the day, and takes credit 0:16:44.680 --> 0:16:48.400 for it if he thinks there is credit to be taken. Now, 0:16:48.440 --> 0:16:51.640 there was a a p story and we quoted from 0:16:51.680 --> 0:16:55.480 it widely yesterday, but there was this little nugget buried 0:16:55.560 --> 0:17:00.359 in their Treasury Department reported Tuesday that the deficit already 0:17:00.480 --> 0:17:03.920 totals eight hundred and twenty nine point four billion dollars 0:17:04.200 --> 0:17:07.840 through the first six months of the budget year, a 0:17:08.119 --> 0:17:11.679 figure that until two thousand nine would have been the 0:17:11.720 --> 0:17:17.040 biggest ever for an entire year. For March alone, the 0:17:17.080 --> 0:17:19.200 government ran a deficit of a hundred and eighty eight 0:17:19.200 --> 0:17:24.840 billion dollars. The George W. Bush annual deficit in two 0:17:24.920 --> 0:17:27.600 thousand and seven. I think two thousand five was a 0:17:27.720 --> 0:17:33.119 hundred and sixty some odd billion. Oh. I know, they 0:17:33.119 --> 0:17:35.320 were howling like a bunch of werewolves in a long 0:17:35.400 --> 0:17:39.480 Chaeney movie. They were just how are they trying to 0:17:39.520 --> 0:17:44.240 create the notion of a of an economic collapse? Uh? Unemployment. 0:17:44.320 --> 0:17:48.760 Unemployment was around five percent to so in one month, 0:17:48.840 --> 0:17:51.880 Obama has given us a budget deficit larger than Bush's 0:17:52.000 --> 0:17:58.120 annual budget deficit. That is an astonishing fact. That staggering. 0:17:58.160 --> 0:18:02.480 The amount of depth that's been piled up just since 0:18:02.520 --> 0:18:06.280 Obama was immaculated, doubly so at the a P would 0:18:06.320 --> 0:18:09.280 print it there for one at all to see. That 0:18:09.359 --> 0:18:12.040 was kind of buried. As I say, it took highly 0:18:12.080 --> 0:18:15.919 trained broadcast specialist talents and I as the spot it. 0:18:17.320 --> 0:18:19.200 And if there was a Republican in the White House, 0:18:19.240 --> 0:18:21.080 it would have been the top news story of the week. 0:18:22.400 --> 0:18:27.159 Paul Ryan was on with George Stephanopolos Good Morning America Today. 0:18:27.359 --> 0:18:30.960 Stephanopolis question, do you accept what Secretary Geitner says that 0:18:31.040 --> 0:18:33.960 it will be a financial catastrophe if the debt limit 0:18:34.080 --> 0:18:38.080 is not extended. Default is not our option or strategy. 0:18:38.480 --> 0:18:40.199 But we also want to make sure that as this 0:18:40.240 --> 0:18:42.840 debt limit increases, which is based on past spending, we 0:18:42.920 --> 0:18:46.240 get something in place to address with future spending, spending, 0:18:46.240 --> 0:18:48.360 cut spending. Possibly you will still vote to make sure 0:18:48.359 --> 0:18:50.000 the country doesn't go into defall. Now I think it 0:18:50.080 --> 0:18:52.159 is possible. I don't. I don't accept that premise of 0:18:52.160 --> 0:18:54.600 that question, which is, we need to have real spending cuts, 0:18:54.600 --> 0:18:57.080 real spending controls in combination with the debt limiting increase. 0:18:57.119 --> 0:18:59.560 And I don't accept a notion that that's not possible. 0:18:59.560 --> 0:19:04.000 I think it. Yeah, that's great, going Paul Ryan the question, 0:19:04.160 --> 0:19:05.760 so you'll you'll vote to make sure the country doesn't 0:19:05.760 --> 0:19:07.960 go to the fault, right, I'm not what is it 0:19:08.000 --> 0:19:11.160 priv going to default? We're not going to go into default, 0:19:12.800 --> 0:19:15.760 just like we weren't going to destroy the world's financial 0:19:15.760 --> 0:19:20.880 system last October two. Why wouldn't we go into default? 0:19:22.560 --> 0:19:24.840 Why should we go into default? You see how it's 0:19:24.840 --> 0:19:28.320 easy it is for these themes to attach themselves to 0:19:28.359 --> 0:19:35.159 everybody and just be accepted. Chuck Schumer yesterday in Washington 0:19:35.320 --> 0:19:38.879 on the Senate floor, the Ryan budget has all the 0:19:39.000 --> 0:19:43.160 wrong priorities. The House Republican budget puts the entire burden 0:19:43.320 --> 0:19:47.240 of reducing the deficit on senior citizens, students, and middle 0:19:47.240 --> 0:19:51.520 class families. At the same time, it protects corporate subsidies 0:19:51.560 --> 0:19:55.159 for oil companies let's waste it, the Pentagon go untouched, 0:19:55.520 --> 0:19:59.119 and would give even more tax breaks to the millionaires 0:19:59.160 --> 0:20:02.560 amongst us. In short, the Ryan budget puts the middle 0:20:02.600 --> 0:20:07.359 class last instead of first. As a result, it will 0:20:07.480 --> 0:20:11.600 never pass the Senate. And you have Senator Chuck you 0:20:11.840 --> 0:20:16.640 Schumer in New York knocking down the the Paul Ryan budget, 0:20:18.040 --> 0:20:21.000 which will be the focal point because the debt ceiling. Apparently, 0:20:21.000 --> 0:20:24.159 if you're just joining us, the Republicans have decided that 0:20:24.200 --> 0:20:26.840 they're not going to try to take the hill on 0:20:27.040 --> 0:20:32.640 the debt ceiling five now it's too iffy. Uh, We're 0:20:32.760 --> 0:20:35.680 going to be We're going to really focus on the 0:20:35.760 --> 0:20:39.879 Ryan budget. That's that's where we are at the at 0:20:39.920 --> 0:20:43.560 the latest. Mike and Columbia, South Carolina Hiser, welcome to 0:20:43.640 --> 0:20:47.240 the program. R Rush Dittos for all you do. Thank you, sir. 0:20:48.080 --> 0:20:52.360 If if the death ceiling increases so important to Obama 0:20:53.040 --> 0:20:55.560 and to the nation as he would put it, and 0:20:56.000 --> 0:20:59.600 if the Ryan plan is so important to the GOP 0:21:00.040 --> 0:21:02.960 as I think it is, why cannot why does not 0:21:03.119 --> 0:21:06.960 the GOP make the deal? You want the death ceiling increase? Fine, 0:21:07.200 --> 0:21:11.960 here's here's Ryan. Here, here's Ryan's budget. It's a Twofer 0:21:12.080 --> 0:21:14.960 deal in a sense. You need this so bad, that's great. 0:21:15.280 --> 0:21:17.520 We're going to ensure that the cap that we put 0:21:17.560 --> 0:21:20.200 in place in this new ceiling is adhere to three 0:21:21.040 --> 0:21:23.840 Ryan's budget. Okay, let me ask you a quick comment 0:21:25.040 --> 0:21:31.399 question in all candor, what makes you think? What have 0:21:31.520 --> 0:21:33.560 you seen lately? It makes you think the Democrats want 0:21:33.640 --> 0:21:36.639 to compromise with the Republicans. I don't think they do, 0:21:36.800 --> 0:21:38.960 but I think they have to the death ceiling. They're 0:21:39.000 --> 0:21:42.359 portraying and the media is portraying as having their backs 0:21:42.400 --> 0:21:45.480 against the wall. The nation is at risk. But the 0:21:45.600 --> 0:21:48.360 Republicans are already out there today saying, you know, we're 0:21:48.400 --> 0:21:50.040 not We're not gonna find him on the death ceiling. 0:21:51.400 --> 0:21:53.960 We're not gonna find it. We're gonna We're gonna focus 0:21:54.040 --> 0:21:56.720 on the Ryan budget. Now, there's too much at stake here. 0:21:57.119 --> 0:21:59.959 We can't afford the US default. The Republican leaders are 0:22:00.000 --> 0:22:03.400 are are using the same words that the Democrats are 0:22:03.480 --> 0:22:09.600 in talking about the danger here in in uh, you know, 0:22:09.720 --> 0:22:12.200 not raising the depstities. I think the Republicans have already 0:22:13.720 --> 0:22:16.199 caved on it. I don't think we've heard it from 0:22:16.240 --> 0:22:18.320 a more officially. So let's give him a chance. Well, 0:22:18.359 --> 0:22:18.800 we'll see