Republican senators insist that Biden will ‘negotiate’ on the debt ceiling and budget reform: ‘It is better to start now’

Republican senators had a message for President Joe Biden as they tackled the national debt and quickly approached a debt deadline during a news conference Wednesday: He will “negotiate.”

“President Biden needs to know, he will definitely negotiate, and it’s better to start now,” Republican Sen. Rand Paul told reporters, rejecting the Biden administration’s stance that the debt ceiling talks “are not a negotiation.” “

Paul added that the biggest threat to the nation’s security is debt and that no conservative or Republican in the House of Representatives will vote to raise the debt ceiling “without significant budget reform.”

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Senator Rand Paul, Republican of Kentucky, stands with his fellow Republican senators at a news conference on the national debt on Wednesday, January 25, 2023.
(Fox business)

The growing US national debt stands at $31.4 trillion, while the federal government’s annual budget currently operates at $6.3 trillion, nearly $2 trillion more than it was spending annually before the coronavirus pandemic. .

According to Treasury Secretary Janet Yellen, the US will need to raise the debt ceiling by June to prevent “irreparable damage to the US economy, the livelihoods of all Americans, and the stability world finance”.

Speaking immediately before Paul, Sen. Ted Cruz, R-Texas, called Biden’s position on the debt ceiling “unreasonable and ridiculous” and vowed that the Republican conferences in both houses of Congress will use all “points of lever” possible to stop the massive spending contributing to the increase in debt and the historical inflation that plagues the nation.

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“We are at a moment in time, because the American people elected a Republican majority in the House, where we have a chance to stop the madness. And I think it’s incumbent on that Republican majority, and the Republicans in the Senate, to use whatever leverage points we have to stop the runaway spending that’s fueling inflation, that’s punishing hard-working Americans across the country.” Cruz said.

Senator Ted Cruz, Republican of Texas, with his fellow Republican senators at a news conference on the national debt on Wednesday, January 25, 2023.

Senator Ted Cruz, Republican of Texas, with his fellow Republican senators at a news conference on the national debt on Wednesday, January 25, 2023.
(Fox business)

Cruz said the debt ceiling has historically been “the most effective leverage point to force meaningful concessions” on budget and debt reform, and asked members of the press to avoid reporting House talking points. Blanca that the Republicans wanted to default on the national debt.

“Nobody here wants to default on debt. Let me be absolutely clear and unequivocal: The United States of America should never, ever, ever default on its debt,” he said.

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“There’s one main person in this town talking about a debt default, and that’s Joe Biden. Joe Biden wants to threaten a debt default. He wants to scare the markets and, frankly, he’s counting on you”. everything,” he added.

Cruz went on to cite instances where he said Republicans were able to force through legislation to address the budget and debt, including the Budget Control Act of 2011, reiterating that the Republican position was not that the debt ceiling would never be would raise. .

White House Earlier this month, press secretary Karine Jean-Pierre was asked about the debt ceiling negotiations and whether Biden is willing to “cut any spending” or would be willing to negotiate with Republicans who “want to cut spending as part of a debt limit agreement.

President Joe Biden makes an announcement regarding additional military support for Ukraine at the White House on January 25, 2023.

President Joe Biden makes an announcement regarding additional military support for Ukraine at the White House on January 25, 2023.
(Alex Wong/Getty Images)

“Look, as you’ve heard us say before, we’re not going to do any negotiations on the debt ceiling,” Jean-Pierre said.

“What we are saying is that… this must be done without conditions,” he added. “In the past … we have seen both Republicans and Democrats come together to address this issue. It is one of the basic issues that Congress has to deal with, and it must be done without conditions. Therefore, there will be no negotiation.” about that. This is something that needs to be done.”

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“My position is not that we never raise the debt ceiling, but what the rules say is that we will use the debt ceiling as leverage to force real and meaningful structural reforms to fix the underlying problem,” Cruz said. “[It] It doesn’t have to be a total solution to everything, but it does have to be real and significant progress.”

Fox News’ Peter Kasperowicz and Kyle Morris contributed to this report.

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