Biden Will Absolutely Negotiate on the Debt Ceiling

Rand Paul: President Biden says he won't negotiate over raising the debt ceiling. I have news for him. he absolutely will negotiate. Conservatives will not vote to raise the debt ceiling. The majority in the House, Republican majority of the House, will not vote to raise the debt ceiling without significant budget reform.

The greatest threat to our country is, and the greatest threat to our national security is, the debt. one of the great things about where we are now though is it really doesn't take as much as you would think to actually balance the budget. In Europe over half of the countries balance their annual budget. We think of Europe of Germany and Sweden of having these large governments, and they do, but they're actually fiscally responsible in the sense that they spend what comes in.

We could do it in our country. If we were to have a 100 billion dollar cut, which would still have us spending way more than we spent before COVID, a 100 billion dollar cut, in free spending, we would balance our budget in just four years. This is amazing.

We have an opportunity here, it could be done, but it would take compromise between both parties. Republicans would have to give up the sacred cow that says we will never touch a dollar in military and the Democrats would have to give up the sacred cow that they will never touch a dollar in welfare. Everything would have to be looked at across the board. No one has a sacred area that would be immune, and when you make the cuts across the board, they aren't as big as you'd actually think they would be. It's a responsible thing to do, but President Biden needs to know, absolutely, he will negotiate and it's better to start now.

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