got here a little under three years ago, we were $18 trillion in debt. now we re nearing 30. and i voted against raising debt limits or doing crs because it s a symptom of a broken system. we don t do budgeting. we keep spending to the tune of trillion dollar structural deficit, soon to be 1.5 trillion. you ve got to sooner or late erat say that this is crazy and that we re really dumping a heavy load on our kids and grand kids. so i ll be voting against it, but they won t worry about me because i m a handle of three or four that vote out of principle. not whatever you re going to do to get to the next year. on the cr, that s stuff we should have done before september 30th. and we re still wrestling with that to boot. so senator, you made your position clear on that. let me ask you about another vote that s in the works
about not defaulting on the money already spent. that was spent under somebody who you supported, one of your party s former leaders, donald trump, right? that was money, those were bills that president trump and that congress racked up that you now have to pay. how are you not going to do that? that s part of those trillion dollar deficits that we had evolved to even then. and i wasn t for that. i didn t vote to raise the debt ceiling when i was here in 19. one of the few republicans that will practice what we preach. if you don t have reforms, don t accommodate it. the difference here is that never have we teed up this amount of spending and in the context, hallie, $18 trillion in debt when i got here in january of 19. now $28.4 trillion. this is kicking something down the road, and there s a point, yes, it s like we had an epiphany as republicans. we better practice what we preach when we do get the reins back of lowering deficits and still being engaged in issues
they need to stop playing russian roulette with the u.s. economy. get some perspective, republican senator of mike brown of indiana joins me. senator, grateful for your time today. you came to washington, because you re a businessman back in indiana and you said this town doesn t make sense. i ll give you credit off the top, you said both republicans and democrats are responsible for the mess. when you hear the president say just get out of the way, that would mean in washington, ten republicans voting tomorrow with democrats on a procedural method to get the bill. you just have to vote yes on a procedural bill. why wouldn t republicans do that and let this pass without a economic catastrophe even the risk of one? you re right. january 18, we were $18 trillion in debt we re now 28.4. i think the key difference here, even though there have been both parties over decades that have
before tesmony this morning in fron of the senate banking committee net ylen announced th october 18th is the deadline for congress t raise the debt limit. people have been wondering when in tober. she said is t 18th. if it doesn tappen by then the u.s. could default on its financial obligations which would crash the stock market and plunge the country into a catastrophic near term recession. joining me now republican senator of indiana mike braun who like all of his republican colleaguesoted against last night s short term fding bill. senator braun, welcome. i undetand you don t want to vote for the debt ceing and i know where you are on debt issues, but explain toe why filibustering it is good for the country. i think it s because, chuck, where we ve arrived in the short time i ve been here, i got here a little under three years ago and we were $18 trillion in debt and i think it s one thing when you have been here for a while, i generally vote on principle and if it s even somethi
around the world. our markets are obviously leading the parade. griff: focus in on a few of them. we of course saw the nasdaq record yesterday. there is one specific thing that was interesting to me. that is the s&p has returned 50% since president trump took over, which is more than double what the average 23% of past presidents. it is over a three year period. president trump s average is far above those. the s&p 500 is what wall street uses. often people talk about the dow. it s not nearly representative of the entire economy. the s&p 500 is more. hence the name 500 stocks. and it s been absolutely remarkable. this year well over 400 of those stocks are up. well over 300 up 20%. the nasdaq is great story, too. because if you would have bottom the nasdaq november of 2008, right now you would be up almost 500 percent. 3 to 18 trillion. that s where all the exciting names, netflix,