[Congressional Record Volume 169, Number 16 (Wednesday, January 25, 2023)]
[Senate]
[Page S84]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
SOUTHERN BORDER
Mr. CORNYN. Mr. President, I came to the floor to talk about the
border one more time, but I was intrigued by the rhetorical questions
my friend from Illinois has asked the Speaker.
I have got a question for President Biden: When you say that you are
not going to negotiate on the debt ceiling, does that mean that the
Federal Government is going to continue to rack up more and more debt
on top of the $30 trillion that we already owe, particularly during
inflationary times when interest rates on that debt basically are
eating up more and more of our discretionary budget?
To me, if the answer is yes, I am going to refuse to negotiate as we
continue to rack up more and more debt, about two-thirds of which is on
autopilot, as the Presiding Officer knows--it is mandatory spending.
That is a supremely irresponsible position to take.
President Biden, when he was in the Senate, was known as a dealmaker,
and as I said yesterday, during 2011, he negotiated with Senator
McConnell the Budget Control Act, which was probably the most recent
response, sort of a mixed bag as it was, to try to control Federal
spending. It was a noble effort, although it did not succeed.
So I know our friends on the Democratic side would like to sort of
add to Mr. McCarthy's challenges. We have got 6 months, perhaps,
between now and the time the extraordinary measures the Treasury
Department is going to be using to make sure we don't actually breach
that debt limit, but I would suggest that the time would be better
used, rather than sort of to add gasoline to the fire, to actually try
to solve the problem. And the problem--the debt limit--is real. It
needs to be addressed by two people: Speaker McCarthy and the President
of the United States. Because anything the Senate were to pass with 60
votes, which would be required, would certainly be dead on arrival in
the House of Representatives.
And so as a practical matter, while we are going to be very
interested and engaged in the debate and discussion, that is where the
decision is going to have to be made sometime between now and the time
extraordinary measures are exhausted, perhaps as early as June.
But in the meantime, for the President of the United States, who
represents not just Democrats, who represents all Americans--all 330
million-plus of us--to say: I am not negotiating, even though he has
got a track record as a Senator and as a Vice President of negotiating
hard things like this, to me, is an irresponsible answer, and I hope he
will reconsider.
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