3 Whisky Happy HourThe Ricochet PodcastGLoP CultureBeyond the Polls with Henry OlsenParsing Immigration PolicyFederalist Radio HourWhat the Hell Is Going OnFreedom to LearnDaily SignalThe Erick Erickson ShowChicks on The Right3 Martini LunchThe Learning CurveThe Conservative Woman’s GuideHeritage ExplainsNot Dead YetGiving VenturesWho Funds that?The Radio Free Hillsdale HourThe Glenn ShowFirst Things PodcastCall Me Back - with Dan SenorHillsdale DialoguesLaw Talk with Epstein, Yoo & CookeThe LibertarianThe Report Card with Nat MalkusThe Kevin Roberts Show with Larry O’ConnorThe American IdeaMadison’s NotesConservative Crossroads with Henry OlsenMom WarsThe Back of the BookGray MattersMartini ShotThe Dave Carter ShowThe Powerline ShowIn DissentHeard at HeritageSmart Girl PoliticsJames Lileks’ The DinerCase in Point: The Legal Show on the Hottest Legal Cases in Politics and CultureJobMakersOne on One with Robert DoarHomeschooling Journeys with Curious MikeHubwonk

Get the Ricochet app

Ricochet will work fine in a browser on your mobile devices, but for the best experience please download our app.

Download on the App StoreGet it on Google Play

Become a member.

Tired of the toxicity of social media? Why not join Ricochet for just $5/month? Think of it as an online bar. Come in, have a drink, hang out, say whatever you want. But don’t badger, bully, or berate the other drinkers. That's our only rule.

  1. Podcasts/
  2. Daily Signal/
  3. INTERVIEW | Sen. Rick Scott: If America Defaults on Debt, ‘It Will Be 100% Joe Biden’s Responsibility’
May 10, 2023
May 10, 2023The Heritage Foundation

INTERVIEW | Sen. Rick Scott: If America Defaults on Debt, ‘It Will Be 100% Joe Biden’s Responsibility’

Subscribe to Daily SignalSubscribe

The clock is ticking on America’s debt, and Republicans lawmakers are calling on President Joe Biden to agree to their plan to raise the debt ceiling and rein in government spending.

Under the leadership of Speaker Kevin McCarthy, R-Calif., House Republicans issued a plan to raise the debt ceiling by $1.5 trillion, or until the end of March 2024, whichever comes first, provided that Congress and the president agree to significant cuts in government spending.

Biden, however, has continued to argue that Congress should raise the debt ceiling without conditions.

“If we default on our debt, it will be 100% Joe Biden’s responsibility,” Sen. Rick Scott, R-Fla., says, adding that it is the president’s job to “figure out how to raise the debt ceiling.”

Biden’s other option, Scott says, is to “figure out how to not have to raise the debt ceiling by living within our means.”

The U.S. already has hit the debt limit of $31.4 trillion, but the Treasury Department is using “extraordinary measures” to prevent defaulting on loans to the government. The Treasury Department says lawmakers have to act to raise the debt ceiling by the beginning of June to prevent risk of default.

Scott joins “The Daily Signal Podcast” to explain why Republicans and Democrats are so divided in the debt ceiling debate and what will happen if Congress can’t reach an agreement with the president.

Also on today’s show, Scott talks about his recent trip to the southern border and what’s going to happen when Title 42 expires as scheduled Thursday.

Enjoy the show!


Hosted on Acast. See acast.com/privacy for more information.

Hosts:
•Doug Blair•Mary Margaret Olohan•Rob Bluey•Virginia Allen

Trending

Become a member.

Tired of the toxicity of social media? Why not join Ricochet for just $5/month? Think of it as an online bar. Come in, have a drink, hang out, say whatever you want. But don’t badger, bully, or berate the other drinkers. That's our only rule.

Join Ricochet

Get the Ricochet app

Download on the App StoreGet it on Google Play
  • •
  • •