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Rubio: “We are having a debt ceiling crisis on a daily basis and here is why: this government, every year, is spending $1.5 trillion more than it takes in. … That has to be dealt with. That is not going to solve itself. It’s not going to go away on its own. And every year that goes by that it remains unresolved, the harder it becomes to solve.”
Interview with Neil Cavuto on Fox News
Senator Marco Rubio
May 17, 2012
http://www.youtube.com/watch?v=x77O1jtbJRM
Senator Marco Rubio: “There’s the crisis right there. It’s the fact that Geithner doesn’t think there is one. I mean, the President’s budget, who he works for, was just voted down yesterday 99 to nothing. Not even the Democrats would vote for the President’s budget. And the Senate Democrats haven’t offered a budget in over three-and-a-half years. Do people back home fully understand what I have just explained? The Democrats in Washington that control the Senate have not offered a budget in three-and-a-half years. This government has spent close to $10 trillion since the budget was last passed by them.
Fox News’ Neil Cavuto: “I think what the Secretary was referring to and responding to were these threats. That’s how he characterized them from House Speaker John Boehner saying that when we come to this debt ceiling – it could be late this summer, it could be later, technically you can push it off even beyond that – that if there isn’t a corresponding amount of spending cuts to go along with however much you raise the debt ceiling, he won’t go for that. The President I guess has made very clear, Senator, he won’t go for that. So here then another debt ceiling crisis. Do you think one is going to happen?”
Rubio: “We are having a debt ceiling crisis on a daily basis and here is why: this government, every year, is spending $1.5 trillion more than it takes in. I think what the Speaker is saying is, ‘Let’s use the next debt limit expiration as an opportunity to begin to say let’s deal with this thing in a serious way.’
“That has to be dealt with. That is not going to solve itself. It’s not going to go away on its own. And every year that goes by that it remains unresolved, the harder it becomes to solve. So, I think that is what the Speaker is trying to say is, ‘Where is the sense of urgency here?’”