the time is ticking for congress to take action, because it s congress that has an exit constitutional responsibility here. they swore an oath to and the 14th amendment of that constitution says, the validity of the public debt of the united states shall not be question, which presumably means, you need to pay the debt. june 5th is only nine days from now. the house of representatives has adjourned for the long memorial day weekend. republican leadership said, they will provide 24 hours notice before scheduling voting days, and addressing the potential default. while some republicans might just be hoping to extract a greater cuts to the social safety net in exchange for not crushing the american economy, with others, the motivation is less clear. take, for example, the chaos caucus, a group of the most disruptive members of the republican caucus right now. the chaos caucus, many of whom are members of the freedom caucus, succeeded and complicating and stalling kevin mccarth
how conservatives and liberals think this country should raise and spend its money is a very, very valid discussion to have. sadly, that s not the one we re having. thanks to both of you, and solar and political economy in the american enterprise institute. he s the author of a dream is not dead, but populism could kill it. jennifer reuben is an opinion writer at the washington post, and msnbc political analyst host of the new podcast, jen reuben s green room. all right, straight ahead, we ll continue our breaking news coverage of the debt ceiling negotiations, which are ongoing right now. i ll be joined by congressman lloyd doggett, democrat of texas, and a member of the budget committee, as well as congressman adam smith, democrat of washington, and ranking member of the armed services committee. another hour of velshi begins right now. of velshi begin right now. and good morning to you, it is saturday may the 27th, i m ali velshi, the full faith and credit of the united
Walk away with very little because they can push the button. they could do much better, frankly, getting into the weeds in the budget process. they control house of congress, for goodness sake. also they put out a spending plan, they never foot out a poll blanket plan, which would include taxes, for example. that would have been eye-opening. republicans are not on the side of angels when it comes to physical sobriety here. including and extending tax cuts creates a huge deficit problem. so, i think going forward, legislatively, it would be best to solve this well in advance as the next crisis. if that doesn t do the job, then you go to the courts, but not at a time when we re facing an economic calamity. that is too little too late. let me tell you, if they ever do get that on a budget process, we three squares will enjoy that discussion because it s like it s actually an important discussion. we should be having that
Because they can push the button. they could do much better, frankly, getting into the weeds in the budget process. they control house of congress, for goodness sake. also they put out a spending plan, they never foot out a poll blanket plan, which would include taxes, for example. that would have been eye-opening. republicans are not on the side of angels when it comes to physical sobriety here. including and extending tax cuts creates a huge deficit problem. so, i think going forward, legislatively, it would be best to solve this well in advance as the next crisis. if that doesn t do the job, then you go to the courts, but not at a time when we re facing an economic calamity. that is too little too late. let me tell you, if they ever do get that on a budget process, we three squares will enjoy that discussion because it s like it s actually an important discussion. we should be having that conversation. the legitimate differences in