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Rubio, Rosen: ICC’s Overreach is Outrageous

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Sen. Rubio On Fox News’ “Hannity”

Jul 12, 2011 | Blog

Sean Hannity: “You know, it was interesting to watch the tax chief Tim Geithner go “There is no credible argument, no — no responsibility leader would say the United States of America for the first time in its history should not meets its bills or obligations.” There was a guy just back a couple years ago that was then-senator by the name of Barack Obama, that said it would be irresponsible to raise the debt limit, not live within our means and pass the burden on to our kids and grandkids. And he voted against raising the debt ceiling. So, was he talking about President Obama or the current members of Congress?”

Sen. Marco Rubio: “Well, you are right. When the President was a Senator he didn’t vote to raise the debt limit. But look, we need to understand the problem. At its core, the problem is not the debt limit. The problem is we have a federal government that spends one-and-a-half trillion dollars more than it takes in. Basically, it borrows 40 cents out of every dollar that it spends. That’s the fundamental problem, and that’s what’s led to this debt situation that we have, this debt crisis. And the debt crisis is not that difficult to understand: we spend too much money and we don’t take enough money in. How do you deal with the first part where we spend too much money? That’s where you need a spending cap some spending reductions and balanced budget amendment. And now what do you do about not taking enough money in? That’s where the President comes in and says we need to raise taxes. That’s where the rest of us, who understand how to solve this, say, ‘No, what we need to do is grow our economy and you can’t do that if you are raising taxes.’ These taxes that the President wants to raise, not only do they do not solve the problem because all this class warfare that he’s using, the jets, oil companies and hedge fund managers, doesn’t add up to enough to put a dent in the debt. But what it will do is kill job creation, which is what we need. You want to know why the government doesn’t generate enough to pay its expenses? Because there are too many people who are unemployed, and there are too many people who are employed and not making as much as they once made. Hence, you’re not collecting as much in taxes that you can use to pay down your debt. We need jobs in America, and you’re not going to get them as long as the President of the United States has this tax obsession.”