Washington, D.C. –This afternoon, Congressman Mo Brooks (R-AL) appeared on the CNBC show Closing Bell with hosts Maria Bartiromo and Bill Griffeth. Congressman Brooks was asked to share his insight on the current debt ceiling debate.
Video of Congressman Brooks’ remarks is available HERE.
Excerpts from the interview:
“It's not whether we have enough money to pay our creditors. It's whether or not the President of the United States will violate the 14th Amendment to the United States Constitution and not pay our lawful debts. It's where the President of the United States is not going to allocate out of that $2.5 trillion revenue in our annual basis, the hundreds of billions of dollars it takes to pay interest on the debt. That's the issue.”
“I want to hear something from the President that indicates he's going to be financially responsible.”
“To be financially responsible, when we raise the debt ceiling, we have to address the cause of the problem. The cause of the problem are these out of control deficits. We need to either cut spending in association with raising the debt ceiling, or pass a Balanced Budget Constitutional Amendment that long term will prevent us from having to debate this crisis again.”
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