Transcripts for CNN Don Lemon Tonight 20211005 07:02:00 : vi

CNN Don Lemon Tonight October 5, 2021 07:02:00

potential of its first default in our history. republicans know this could be catastrophic, but they're still refusing to blink. do they care about what this could do to the country, or do you think this is all about making democrats look bad? >> well, as mitch mcconnell said in a previous debt ceiling and default crisis, this is a hostage they're willing to ransom. that itself is a very dangerous game by its nature. h default would be disastrous not just to our economy but the world economy because we're the world's reserve currency. we're the only nation in the world, major industrialized nation in the world, that does this to our self. this is a self-inflicted crisis. we need to get rid of the debt ceiling and stop this polarization of it. we've raised the debt ceiling 31 times under a republican president since 1980. mitch mcconnell has voted for debts ceiling increases. this is designed to pay for things the republican congress already allocated under

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