Rubio 'On the Record,' Pt. 2: The Debt ceiling
Florida senator takes on the new, short-term debt ceiling fix
- Duration 5:05
- Date Jan 23, 2013
Florida senator takes on the new, short-term debt ceiling fix
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-- senator Marco Rubio.
-- At least three months to raise -- that's well look I understand why there.
Want him move this issue forward.
An and I think there's some strategic value to the way they're doing and I certainly believe the second part of it which is that congress should get paid -- the budget is passed and you know.
I want -- -- this paychecks certainly by -- -- But but I think that's about very valid point.
And I think that it's not unfair to say the people who -- not gonna do your job you shouldn't get -- but I as efficient -- we keep getting these like.
Well all posts and -- you know I think it's three -- -- asked me as I could be another excuse and three I think than fairness I think in the house I mean they would if they believe that they can pass a bill out of the house.
That not only dealt with a debt limit but fundamentally dealt with -- debt problem.
And they get -- passed out of the senate signed by the president they would do in the heart beat the problem is that's not what they're facing they're facing a president that wants an unconditional increase in the debt -- With no changes to the way we spend money and -- senate -- by Democrats -- hasn't passed the budget over a thousand some odd days.
So I think they're trying to make the both the best of a very bad situation.
But absolutely we -- gonna have to deal with the fact that this government spends forty cents out of every dollar of that borrows forty cents out of every dollar that expands.
And I can tell you people think that's just a moral hazard for the country it's more than that it's destroying jobs right now.
Every penny of it goes into the government borrowing is -- as it is money that's not available to invest in businesses to spend at the places where people work.
One of the reasons why we have stagnant growth.
-- and high unemployment is because of the national debt of having direct impact on our ability to grow the middle class.
I tell me hit one of his -- post whether it's a sequestration.
Or the death -- are taxes going up when an areas.
Is that what happens is the solution is just to extend it somehow and create another hurdle in a certain period of time and we get to that point we do it again.
Mean there -- there's not -- best way to do it no I -- but is there ever going to be any finality to this.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- A long time ago but just look at what we're dealing with here and I'm in the present United States just gave his inaugural address on Monday where he barely mentioned the national debt.
And went into this full throated defense of any more expansive government.
And -- fundamental argument that he made is that the only way to grow the middle class and and and and and and create prosperity in America -- for the government to have more control over our economy.
More more taxes more regulations.
I mean you -- there's a fundamental difference here between the president's -- of our future and reality.
And and so I when a president -- inaugural address and -- doesn't even address.
The national debt.
That tells you how difficult it is to get anything done.
What is your regional expectation for the American people is going to happen to me -- -- the president knowing that today he's in power knowing the Democrats are here in congress senate and Republicans in the house.
And -- and all the people that all the different -- interest.
What's going to happen I think look we're gonna have to win some elections and get some people up here and both chambers that are gonna take this issue seriously when your own party to.
Watch this but I think well more people are part of the deal with a seriously than than in the Democratic Party -- but everybody up here knows that this is inevitable.
But the time is going to -- we have to deal with these issues and I wish everybody believes that the sooner we deal with -- the better -- for -- going to be.
If we deal with these issues now we get -- -- and I'm -- much more favorable terms.
The longer we wait for example the deal of Medicare.
The longer we wait to save Medicare.
The more disruptive it's going to be a more complicated it's gonna be if we act -- now.
We can save Medicare in a way that doesn't change it at all.
What was he like my mom why don't put the F but I mean why does it mean everyone does know it's getting worse and everyone knows it isn't the longer you wait the bigger the problem is that we -- but the hot but the politicians -- -- done everything we have four months.
If everybody knows that wiser because you've got.
To be quite frank you've got unreasonable elements and the left wing of the Democratic Party which which dominates that party.
That refuses to consider virtually any meaningful changes to any of the -- -- news is your does your party have any responsibility -- now.
Well listen our debt as a bipartisan debt there's no doubt about it I mean that people bipartisanship there it is I mean there's -- government spending going on under both Republicans.
And Democrats and borrowing for many many years now we've never seen anything like the last four years in terms of the sheer scope of growth and spending and the direction that we're going -- all of this.
But certainly look I mean if it was if if the Republicans had the house the senate and the White House and given the current construct of our party I have little doubt that we would pass a balanced budget amendment that we -- put -- spending constraints that we would deal with these issues in fact.
The Republican House has already dealt with many of these issues.
They have passed dozens of bills serious proposals to help grow the economy and deal with these issues that haven't received even -- -- in the senate.
So that's the reality I think -- a look at that but ultimately look I think both parties are to blame for sixteen trillion dollar debt.
You you know that's that's that's bipartisan debt although with the growth and over the last four years as has been a precedent.
Make -- thank you.