WASHINGTON, D.C.— U.S. Senator Steve Daines today joined Sandra Smith on Fox News’ America Reports to discuss the looming debt default due to President Joe Biden’s and Democrats’ refusal to negotiate a bipartisan deal with Speaker McCarthy.
Watch the interview HERE.
Daines on the Biden administration’s lies about the Republican debt ceiling proposal:
“That is absolutely false. This is propaganda coming from the White House. Look, here’s where we’re at. We’re three weeks away from June 1st where Secretary of Treasury Yellen has said we face defaults on our debt. That will cause catastrophic, massive turmoil in financial markets, not just the United States, but around the world. The House Republicans under Speaker McCarthy acted, they acted early, they acted responsibly. They passed, they passed a bill that would raise the debt limit in exchange for some responsible commonsense reductions in spending.
“What they’re proposing here is taking back $60 billion of unspent COVID funds. They’re talking about welfare reforms to make sure that able-bodied Americans work instead of receive welfare, put work requirements in place. These are very simple, straightforward, commonsense reforms. Again, the Republicans were early and responsible contrasted to Joe Biden who, for 90 days has been silent, giving Speaker McCarthy the cold shoulder. The White House has been late and completely irresponsible. They’re politicizing this. I’m proud of Speaker McCarthy. Joe Biden needs to come to the table and negotiate a bipartisan agreement to avoid this looming cliff the United States is headed towards if we don’t do something before the early June.”
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“It’s false. Look what they’re doing, they’re conflating a debate that’s going on in terms of budget priorities going forward versus the looming debt ceiling crisis. What they should be debating here are the parameters that Speaker McCarthy and the House Republicans just passed this year. They’re not talking about clawing back $60 billion of unspent COVID dollars. They’re not talking about work requirements as part of welfare reform. Why? Because that’s the truth and that’s what’s contained in that bill that the House just passed.”
On the threat of Democrats’ Out of Control Spending:
“Well, look, the biggest threat to this economy going forward is massive federal spending and the $31.5 trillion of debt. Republicans are doing something responsible. They’re still talking about increases in spending. If you look at that plan, they just want to curb the amount of increases in spending. And any person I talked to on the street back home in Montana, if you ask them, ‘Do you think there’s ways we could get the federal government to be more responsible and efficient in spending?’ They say, ‘absolutely, yes.’
“What you have is this liberal agenda of the White House who are now telling falsehoods or telling lies the American people because guess what, they’re cornered right now. For 90 days, they gave McCarthy the cold shoulder. Now they’ve got to come to the table to negotiate. And this has been irresponsible of the White House and they’re playing, they’re playing with live fire here because failure to act will lead to destabilization of our financial markets at a time when banks already are having some struggles because the high interest rates and inflation caused by this administration.”