affect all kinds of things not just for the government also for the consumer. student loans, small business loans to mortgage rates. the it will have a ripple affects on all kinds of things this is inevitable when we continue to [ inaudible ] greta: thinking of the diplomatic aspect, national security, china holds our debt, japan, u.k., russia, all our creditors are looking at this and i wonder what they are thinking? i do too. it scares me to death. i know there is a way home there is a way out of this mess. we are not going to be able to congress in an economic strait-jacket of sorts. until we tell congress its borrowing power will be permanently restricted. greta: senator lee, thank you.
affect all kinds of things not just for the government also for the consumer. student loans, small business loans to mortgage rates. the it will have a ripple affects on all kinds of things this is inevitable when we continue to [ inaudible ] greta: thinking of the diplomatic aspect, national security, china holds our debt, japan, u.k., russia, all our creditors are looking at this and i wonder what they are thinking? i do too. it scares me to death. i know there is a way home there is a way out of this mess. we are not going to be able to congress in an economic strait-jacket of sorts. until we tell congress its borrowing power will be permanently restricted. greta: senator lee, thank you.
affect all kinds of things not just for the government also for the consumer. student loans, small business loans to mortgage rates. the it will have a ripple affects on all kinds of things this is inevitable when we continue to [ inaudible ] greta: thinking of the diplomatic aspect, national security, china holds our debt, japan, u.k., russia, all our creditors are looking at this and i wonder what they are thinking? i do too. it scares me to death. i know there is a way home there is a way out of this mess. we are not going to be able to congress in an economic strait-jacket of sorts. until we tell congress its borrowing power will be permanently restricted. greta: senator lee, thank you.
affect all kinds of things not just for the government also for the consumer. student loans, small business loans to mortgage rates. the it will have a ripple affects on all kinds of things this is inevitable when we continue to [ inaudible ] greta: thinking of the diplomatic aspect, national security, china holds our debt, japan, u.k., russia, all our creditors are looking at this and i wonder what they are thinking? i do too. it scares me to death. i know there is a way home there is a way out of this mess. we are not going to be able to congress in an economic strait-jacket of sorts. until we tell congress its borrowing power will be permanently restricted. greta: senator lee, thank you. more with michelle bachmann,
congress will be asked to vote in the next couple of weeks on the national debt? whether the government will be authorized to borrow more money? will you vote against that? force the government to spend only what it collects as you wrote nicely in the article? there are two things i need to see before i m willing to vote to raise the debt limit. one, real substantial cuts in spending now. not promises for the future but actual cuts right now, this year, immediately. taking effect. the other thing is real structural reform so we can get out of this endless cycle of too much spending and too much deficit. i m talking about a balanced budget amendment to the constitution. with statutory spending cap that is real kicking in automatic across-the-board cuts. if we have those fiscal constraints and straight jacket on government, and