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CNN Erin Burnett OutFront October 6, 2021 23:03:00

$7.8 trillion, almost 40% higher debt he left than when he started. and it s true mitch mcconnell, himself, has had no problem voting to raise or suspend the debt limit in the past. 32 times, to be exact according to the washington post count. but it is also true that democrats have refused to help republicans when they didn t want to take the heat. i want to quote one democratic senator in 2006 when george w. bush was president. and when not a single democrat joined republicans to raise the debt limit, right? it was, okay, you are going to do it all onnur your own, just e happening now. they said, quote, because this massive accumulation of debt was predicted, because it was foreseeable, because it was unnecessary, because it was the result of willful and reckless disregard for the warnings that were given and for the fundamentals of economic management, i am voting against the debt limit increase. that was senator joe biden. every word could be said now. but now, president joe bide ....

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CNN Erin Burnett OutFront October 6, 2021 23:09:00

Was that democrats, almost all of us or perhaps all of us, are willing to change the rules to end these debt-ceiling standoffs. and my hunch is over the next six weeks, we ll have conversations both in our caucus and with republicans who don t see any positive value in these debt ceiling standoffs. in the 11 years i have been a senator, they ve happened far too often. yep. the debt ceiling standoffs don t produce fiscal discipline. they produce political finger pointing and put at risk our whole economy. you are totally right about that. there is a giant fight, it goes up, so does spending. but so you are categorical here on the reconciliation issue. are almost all of us talking about democrats. so let me ask you about that point because one option that many democrats have mentioned here would be to change the still burst rules, right, so that you could do this. that s right. and mcconnell told republicans today that he made his proposal because he is worried about that, righ ....

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CNN Erin Burnett OutFront October 6, 2021 23:11:00

Which was mcconnell blinks or caves or we change the rules. um, so i think part of the backstory what happened today is that mcconnell got the message loud and clear that although senator manchin is unwilling to change the filibuster rule for general legislation, there may have been a conversation and i m just guessing here about a willingness to change the rule just for the debt ceiling because all of us who have been here for a decade or more, and senator manchin and i came in together on the same day. all of us are sick and tired of the debt sceiling games of chicken. so i want to ask you one other thing, if i may before you go because you are on the foreign relations committee, as well here. and there are big things happening with china right now. today, taiwan s defense minister warned that china may have the ability to mount a full-scale attack against taiwan in the next three years. obviously, there s been military incursions there, increasing increasingly menacingly ove ....

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CNN Erin Burnett OutFront October 6, 2021 23:08:00

And vote for a short-term debt ceiling raise. and i think we will accept that so we can move forward with finishing the work to pass the build back better agenda. okay. but you use the word blink and i think it s a fair one, right, as opposed to cave. because, sure, you get this little delay. but i mean you use the word short-term. i mean, this is short-term. we all know this is not the way this should be done. you are getting six extra weeks from where you would have had a default until there is a default. so then, you know, what happens? you know, they are saying republicans aren t going to help you again when this happens in a few weeks. so are we going to just back to groundhog day? so, two things, erin. senator mcconnell s put out a statement that he expects over the next six weeks, we will use reconciliation to deal with the debt ceiling. we won t. we wouldn t do it this time. we won t do it innext time. so you are categorical on that? we will be back in the exact same po ....

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CNN Erin Burnett OutFront October 6, 2021 23:06:00

Have to have votes in the senate and house, get it approved. get it done before that octoboct october-18th deadline. and then, the question too will become how do they deal with the long-term issue? mitch mcconnell wants democrats to use that budget process that would allow them to circumvent a republican filibuster and raise the debt ceiling on votes by their own. but democrats say they don t want to go that route because it s circuitous and labor-intensive route and would force them to take a whole host of votes that they don t want to take on amendments to in that budget process. so the question will be how will they do that? because going the regular order requires 60 votes in the senate. that means ten republicans would have to vote with 50 democrats and they don t have any republicans who will vote with them at the moment. but but, erin, importantly, mitch mcconnell made clear one reason why he was offering this short-term debt limit increase. he told his colleagues behind cl ....

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