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we ll see you again tomorrow. now it is time for the last word with lawrence o donnell. good evening, lawrence. good evening, alex. so we are on to the united states senate, where things might take a while, because of the fact that the amendments are allowed, as you pointed out. but it is pretty clear that chuck schumer and mitch mcconnell are going to get this thing through the senate intact. they sure are. it s clear that tim kaine has a lot of, he is wounded, i think, in many ways, by the way the white house put the mountain valley pell plane in the steel. but it sounds lake the democrats believe they need to be the adult in the room and set aside the personal concerns and ultimately say yes to something they never wanted to be part of to begin with. well, democrats, of course, have the curse of responsibility. yeah. they are the responsibility party. the other party is the not serious party, and so democrats frequently found themselves casting difficult vo ....
And only 46 democrats voted against it. more democrats supported this bill and republicans, because this was a win for democrats. that is what it was. you house of representatives voted not just to raise the debt ceiling, but to actually eliminate the debt ceiling for two years. for the rest of president biden s first term, for the rest of this congressional term, the democrats will not have to face the get ceiling again before they face another election. this was not an yield is c thing to achieve. republicans could ve assisted on only a six-month extension. and that at ceiling. one year, so that they could come back one year again, one year from now and pound joe biden again in a negotiation ....
Standoff from 2011. after president obama s re-election victory, they said we re not going to negotiate on the debt ceiling anymore, we re happy to have budget negotiations outside the parameters of raising the get ceiling, but we re not going to negotiate. and it seems that this tactic has worked for the obama white house. this is what conservatives if you said, a group that works to elect tea party candidates to the senate, this is what they said today in an e-mail to supporters in part. quote, john boehner must be replaced as speaker of the house. unless we install a new leader who will actually go on offense, democrats will never fear us. and we will never have any leverage. we also heard this afternoon from the club for growth, they have encouraged members to vote against raising the debt ceiling. saying this is going to be a part of their scorecard. is the speaker in trouble now, mark? i m not sure. and craig, the biggest result from the speaker is going to be looking at the ....
Spending cut or changes to the health care law. others in the house republican conference told us i can accept giving the president the extension of the get ceiling, but if he wants to reopen the government, you ve got to have other conditions. other republicans want to see the government reopened and see the debt ceiling ex tebded because they want to get past this fight and move on. there are different democratic camps also. joe manchins senator from west virginia saying why is the presidenting not negotiating? he should not have conditions. get the government open, extend the debt ceiling as part of a broader negotiation to cut spending, half tax reform. there s different camps in both parties. bigger splits it seems on the republican side where there s confusion about what is the next step here. are they in a box? how are they going to get out? last thing, the market soared ....
The problem is the size of debt and deficit and it has nothing to do really with taxes but everything to do with spending. republicans really should stand firm and say, listen, we ve got to cut, cap and balance plan gets us on the way to fiscal security. we re on a bullet train to fiscal disaster. the president can t sit in the white house and say, gee whiz, if we don t raise the get ceiling and there is market disruption, they blame the guys that own one-third of the government. i m just president of the united states. what can i do about this? i don t think the president can sit back and risk market disruption if there s no debt ceiling increase. we re not against a debt ceiling increase. we think you need fundamental reforms that change the way washington spends people s money, because this is like gravity. you can t escape it. cut, cap and balance is inevitable. like the frahm oil filter commercial. pay now or may me paying later is always painful. ....