On the recordOctober 13, 2013
The vote yesterday was to raise the debt ceiling without altering by one penny the spending and debt path we are on. It was demanded by Senator Reid and the majority that we raise the debt ceiling, give the President another $1 trillion or so in borrowing, and no commitment to make any changes in how we got here. That was not what we did in August 2011. Then, we agreed to reduce the growth of spending over 10 years by $2.1 trillion in exchange for raising the debt ceiling $2.1 trillion. Of course, we have already spent all of that. We have already borrowed $2.1 trillion more. Senator Reid and the majority are demanding a clean debt ceiling bill, where we raise the debt ceiling but don't bother to ask us to change our spending habits, not one penny. They say we can't negotiate on the debt ceiling. That is wrong. I think it is perfectly appropriate. The House is prepared to do this, but they want some changes in how we are spending the taxpayers' money. The American people are tired of it. By a huge majority, they say we should not raise the debt ceiling unless we change our spending habits. Actually, almost a quarter of the American people say we should live within our income. We shouldn't raise the debt ceiling at all. The idea that the President of the United States would not pay the bond holders of the United States, the debt holders of our country, if the debt ceiling were not raised, is unthinkable. Of course he will. He has to under the Constitution.…
Source
govinfo.gov




