the doorstep of president biden and the democrats i don t think that s the way this will play out, we ve seen the cost of republicans, we all predicted, this alley, just a couple of weeks ago on january 3rd, fourth, fifth sixth and into early morning on the seventh simplest decision but the republicans in congress could make is to elect someone to sit at the front of the room and to hold the gavel. we predicted then that if they can t get that right, without the chaos, when it s harder questions come, they re not real to do to get it done. that s what we re seeing now, just two weeks into the republican committee. here s my question,, congressman we know six of them in the might be 20 of them there s a whole lot of people who got elected in california and new york, who got elected in biden districts. 18 or more republicans who do not want to be the tip of the spear on this, one might they vote with democrats, and say we are not going to be a part of this fiasco that leads america
ceiling. a familiar topic, but the circumstances this time are quite different. on friday, janet yellin announced that the united states will hit its debt limit this coming thursday. the debt limit is the maximum amount, according to law, that the federal government can borrow to pay for its obligations, to pay for things start to spend money on. that includes, all of the really important functions of government, everything from air traffic control to medicare and social security payments, congress decides what that limit is. so, secretary yellen wrote to house speaker kevin mccarthy, warning him that it is, quote, critical that congress act in a timely manner, to increase or suspend the debt limit, and quote. she wanted to explain that, quote, filler to meet the governments obligations would cause irreparable harm to the u.s. economy, the livelihoods of all americans, and global financial stability.
recession, it s not good for them in 2024. i did not think it s good for them, but i don t think they completely understand this. they seem to have graduated from the george santos school of economics. this is going to hurt them, it s going to hurt the country more. and that s the real cynical aspect of this, for these republicans, they will keep their seats in congress. they are learning from seeds that couldn t lose to a democrat, very likely, under any scenario. they will keep their see, look at their job, they ll keep their paycheck. but they are willing to put the u.s. economy, and frankly the global economy under threat in order to essentially, make joe biden look bad. this really does seem, and this is overly cynical, seemed to be an effort to create chaos, as if it s all going to fall at
george santos, if that it is indeed his name. you have to remember, kevin mccarthy himself is a compulsive liar, the cement who voted to overturn election results. this is someone who, as the first order business, got it as part of the rules package, the office of congressional, ethics and is lying to you about the biden ministration coming after gas stove insulin and so forth. so no, one unfortunately, and that party can be trusted to be honest. those two things are related, kevin mccarthy slim leading congress, which by the way you had when your congressman, the democrats had the same margin, but his means that he can t afford to lose santos. he s on democratic side, i like the 20 people so george santos been on a night states congressman, to somebody safe right now. i would say, our country can t afford to have people at george santos in office, and if kevin mccarthy wary competent leader of his party, then he would be able to continue mina speak, or even if joe george santo
budget committee. she s not the author of the deaf smith. stephanie, i needed to talk to tonight, because there are a lot of reasonable people who say to me, why is your hair on fire, ali? this is happened before, we never don t increase the debt limit, it s all gonna be fine. and my warning is, it probably is and i hope, is but if it isn t this time is different, this is remarkably serious because of what congressman killed you said, you can t be raising interest rates and lowering them at the same times, if you have a recession and inflation. well, you are right, i completely agree with, you i m more nervous time than i have been in previous years. and i ve been through, this as you, have many times before. i do worry that this congress, might be different this time at the different, and you ve covered this ground already very well tonight, it would be unimaginable. a cataclysmic event, that would ripple very quickly through the global financial system, that