We'll start with Dana Bash and her guests on CNN's State of the Union. Sen. Dick Durbin (D-IL) thinks President Biden shouldn't negotiate with the Republicans.
...the MAGA Republicans should note one important fact. Almost 25 percent of all of the national debt accumulated over the history of the United States, 230 years, was accumulated during the four years of Donald Trump.
He says they need to accept responsibility for paying for the debt, and they need to understand the consequences of not doing that.
And if we play games with this, if we delay this, if we have short-term extensions of the national debt, we run the very risk of a recession in this economy, millions of Americans out of work and interest rates going even higher, denying people an opportunity to buy a home or a car. And this economy will be stalled. We shouldn't play games with the national debt.
Bash recalled when Senator Biden was "the lead negotiator" on spending cuts in exchange for a debt limit; Durbin thinks it's different now, because of "the Trump years" and the "15 ballots to choose the speaker."
... he gave the authority to each member of the House to initiate a vote of no confidence on a daily basis. I mean, this is a House of Representatives which is under control of the MAGA Republicans at this point. And I'm fearful that very few constructive things will emerge.
Sen. Joe Manchin (D-WV), who disagrees with Durbin, thinks not negotiating is a "mistake."
...we should be able to talk and find out where our differences are. And if they are irreconcilable, then you have to move on from there and let the people make their decisions. Using the debt ceiling and holding it hostage hasn't worked in the past, OK? And anyone who wants to look at what happened in 2011 and 2013, then go ahead. It didn't work out well.
Bash asked who was holding it hostage; sounds like the GOP. He said 60% of retirees in West Virginia are on Social Security and Medicare, and he doesn't like people scaring "the bejesus out of them" by putting cuts on the table. Rather, they need to "set a target" and look for wasteful spending that can be cut.
Everybody believes -- I mean, my goodness, when you have $31.4 trillion, and we have thrown caution to the wind, and to blame the Republicans, Republicans to blame the Democrats, who's at fault? Everybody's at fault. We don't have a process. I have been there 12 years, no budget.
He thinks that's wrong. After all
...every American has to live within a budget. If they don't, they're in trouble financially. Every business that is successful has to live within a budget. Every state has to live within a budget. Shouldn't the federal government have some guardrails that say, hey, guys, you're getting over -- you're overreaching here and you're overspending?
He says we have to pick the priorities, including "the security of our country, opportunities for people and taking care of the most vulnerable, and making sure the people that have earned it through basically their Social Security and Medicare are protected."
He doesn't want cuts to benefits; rather, raising the income cap for the FICA tax is "the easiest and quickest thing" they can do. And the last thing we need is a committee to look at this stuff; he agrees with Sen. Bernie Sanders (I-VT) on that.
Can't you look and find out in government where you can be more efficient, more basically prudent with the taxpayers' money and quit wasting it, don't you think? And we all talk about waste, fraud and abuse. That's an easy thing to do. But no one looks at it.
Rep. Mike McCaul (R-TX), who voted to raise the debt ceiling three times since '17, says if they don't do it again, there'd be "catastrophic economic consequences." And, we don't have any time to waste.
The fact is, we should be having these conversations right now. We know that Secretary Yellen is going to put -- she can put this off until June. June's going to be the target month. But the speaker of the House is willing to sit down today with the president of the United States and try to work this out. And I would encourage him to do that.
In the Face the Nation classroom, Margaret Brennan asked Sen. Tim Kaine (D-VA) if it's a mistake for the White House not to negotiate with the Rs.
We should have a "clean lift of the debt ceiling," he said, and he doesn't think anyone should "flirt with not paying" our credit card. The Republicans should come out with what they want to cut.
Is it the cutting Social Security and Medicare that Rick Scott wanted to, is it cutting aid to Ukraine in the middle of a war between a democracy and an illegally invading dictator? Let them put on the table what they want to cut so that the American public can see what their priorities are.
Kaine and Sen. Jeff Merkley (D-OR) have sponsored the Protect Our Credit Act; it says
the president has got to cover the debts of the United States. And if that includes raising the debt ceiling, the president can do that. But if Congress disapproves, then you can have an expedited up or down vote in Congress.
It's similar to an Obama-era move by Sen. Mitch McConnell back in the day, Kaine said. Maybe that means it'll get bipartisan support?
See you around campus.
