i just think it s time for some our dearest friends around the world to, you know, because this is fundamentally a great step forward for global security. the always diplomatic boris johnson saying, give me a break, get a grip, about the deal with australia. we ll talk about that ahead. plus, the debt limit doesn t authorize new funding. it simply covers what the government has already spent. with that as the backdrop will congress really let the country default? good morning and welcome to morning joe. i m at the white house this morning with some sideways rain going here, and we re following all those big developments in domestic and foreign affairs. yesterday president biden met with key congressional democrats in an attempt to find a way
back and enact a new set of budget rules that would permit that. right now it s going to come up for a vote, if this were on the level republicans would let democrats vote for t they would vote against it and we wouldn t have a crisis. let s remember what happens if you hit the moment where the debt limit doesn t leave you the room to borrow. it means you can t pay your bills. you might hear arguments saying we can pay some but not others. well, for 232 years the united states government has paid all its bills and if you default on any of them it undermines confidence and we are not at a moment where that s a risk that should be taken and we don t have a way to pick and choose between the different things the government spends money on. there would be long delays in making many payments if you ever went to an irresponsible approach like that. and that s the democrats argument is that we made decisions about what the government was going to spend money on when we spent money on it so
care if the government grinds to a halt, somebody who is like a john boehner finds it impossible to operate. you ve got to have give and take and some shared assumptions about the need to keep the government running. the most striking part of what has happened and those forces that drove him out of office is that there s an unprecedently high number of people who do not care if the debt limit doesn t get raised, if the credit standing of the united states goes down the toilet, if the u budget doesn t get passed. i watched a speech this morning and because i have you here, i want to get your opinion about hillary clinton at wellesley. another person who hit her stride once she got away from politics. it is interesting, it says something, about the broken state of politics, that somebody who spent their life if public service, john boehner, hillary clinton, finds that there s no place for them or not the place that they wanted and they go out
president. this kind of government by short-term crisis moving from one self-inflikted wound to another when the president s position was obviously not that he won t negotiate or talk or engage in conversation. that needs to be the word du jour. after we reopen the government and make sure the nation pays its debts. those obligations are not to be negotiable. we have come to work and do our job and get it done for the american people. connecticut senator richard blumenthal, thank you kwr your time. treasure and tensions on the hill. jack lew is talking about irrevokable damage if the debt limit doesn t get raised.
prosperity. we have already done a lot of deficit retux. we are on a path right now where, you know, just recently the imf said we re doing too much too quickly. we should be doing more in the long term and less in the short term. i think that we have a composition question. the across-the-board cuts are not good for the economy, not good for the american middle class, not good for our national defense. we ought to be having a debate about the kinds of medium and long-term reforms to entitlements and tax programs, but we ought not to be talking about holding the country hostage again to a fight over e extending the debt limit. just to remind you, the debt limit doesn t commit any new spending. it gives us permission to pay the bills that congress already committed to. in 237 years, we never had a debate about whether or not the united states should pay its bills until 2011. we cannot have that debate again. is a grand bargain over spending and taxes, over entitlement programs, is tha