Page 5 - Debt Ceiling Argument News Today : Breaking News, Live Updates & Top Stories | Vimarsana

>> the republican plan destroys medicare. >> they were willing to break the social contract in our country. >> this was wrong, wrong, wrong. and i'm glad to be on the right side of history. >> speaker boehner reminded the members as they were about to run off for two weeks recess, that there is much more governing to be done. >> so president asked congress to raised the debt limit without addressing washington's spending problem. the president wants a clean bill. and the american people will not tolerate it. now, let me be clear, there will be no debt limit increase, unless it's accompanied by...

Be in this kind of trouble be overreaching? >> possibly. it's important for democrats to make it concrete, to talk about what's going to happened. i think that the outcome of the debt ceiling argument is one that is really, really important. today, this afternoon, the white house came out and made what was essentially their opening bid, say they wanted a clean bill on the debt ceiling, one not loaded down with more cuts and policy riders, which is what republicans want to do. it's important for them to hold to that position. we're going to have to raise the debt ceiling, everybody understands ...

Spending cuts, here is the systemic changes we are agreeing to make. let's start the path to some fiscal sanity. megyn: bargaining power power -- >> we need to do what's right for the country. you don't want a situation where you get up against the debt ceiling and we start because of making the markets nervous we start raising the costs of borrowing for everyone. at the same time you don't want to hand the continued spending craziness and all we are doing -- megyn: trying to get a negotiated come below mice. 10 days as a u.s. congressman. what's your biggest surprise so far? >> the number of ...

Nearly a quarter century ago, the outstanding debt was about $4 trillion. budget cuts helps keep it in check but it began climbing again under president bush, and when he left office, he was about 12 trillion. it only accelerated under president obama, now approaching $20 trillion, showing little sign of slowing under the new chief executive. government shutdowns, sequesters, suspension of the debt ceiling itself, the self-inflicted wounds have turned the debt ceiling argument into a political pinata. first thing to remember, we have always had a shared debt. at the birth of the republic it wa...

Nearly a quarter century ago, the outstanding debt was about $4 trillion. budget cuts helps keep it in check but it began climbing again under president bush, and when he left office, he was about 12 trillion. it only accelerated under president obama, now approaching $20 trillion, showing little sign of slowing under the new chief executive. government shutdowns, sequesters, suspension of the debt ceiling itself, the self-inflicted wounds have turned the debt ceiling argument into a political pinata. first thing to remember, we have always had a shared debt. at the birth of the republic it wa...