Washington (CNN) - Republican Sen. John Cornyn said he will not vote to raise the debt ceiling unless it’s accompanied by systematic reforms to address long-term spending and the national debt.
“That's the price that's going to have to be paid, systemic reforms, in order to get Republican support for raising the debt ceiling, otherwise I think you are going to see Democrats having to do that all by themselves,” Cornyn said Sunday on CNN’s “State of the Union.”
The Texas senator and member of the Senate Budget Committee also voiced his support for a balanced budget amendment to the United States Constitution as a way to ensure the federal government lives within its means “instead of spending money we don’t have.”
Democratic Sen. Mark Warner of Virginia said tying a balanced budget amendment to the debt limit could create “financial havoc and crisis.” Instead, Warner said the country needs a long-term plan that will bring down spending and chip away at the debt.
“Let’s get out of this small ball box and let’s go ahead and take on these tough issues around defense spending, around entitlements, around tax reform,” Warner told CNN Chief Political Correspondent Candy Crowley. “I think we’re going to get that plan moved forward.”
Congress must reach an agreement over the debt ceiling before the U.S. reaches its legal borrowing limit of $14.29 trillion in April or May. Members of both parties say the country must address its fiscal issues but disagree over the cuts needed to tackle the rising debt.
Republican Sen. Marco Rubio of Florida reiterated his pledge outlined in an op-ed in the Wall Street Journal Wednesday, saying he would vote against an increase in the debt limit unless this is the last such bill before Congress or it is accompanied by “meaningful reforms that put us on a path towards fiscal sanity.”
“If all we do is go in there in three, four weeks or in a couple of months and extend the debt limit again and do nothing else, the world’s going to look at us and say America and its political leadership is not serious about dealing with this incredible issue and the fact that their government continues to spend money it doesn’t have,” Rubio said on “Fox News Sunday.”
Warner, however, questioned the rationale for anyone to oppose raising the debt ceiling.
“It just frightens the heck out of me that anyone responsible would say, let's go ahead and light the fuse that might create the next economic meltdown,” Warner said.
Watch State of the Union with Candy Crowley Sundays at 9am ET. For the latest from State of the Union click here.
Cut taxes for the rich again that will fix it!!!
I say let the dumbocraps raise the debt ceiling if they want to. I'd vote against it unless there was serious budget cuts attached to it. Ie: 4-5 trillion over 10 years. Time to get our financial house in order dumbocraps. :)
I'd like someone to finally muster up enough guts to ask Republicans why they want to cut the deficit during a downturn, the likes of which we haven't seen since the great depression. They know, as well as the rest of us, that that will further endanger our economy. There's already calls from the professionals that we're going to experience double dip.
I'd like someone to finally muster up the courage to ask Republicans why they keep giving to the rich on the backs of the poor, middle class, the elderly, and the handicapped. This has become obscene.
I'd like someone to have the guts to ask Republicans why they have chosen now, at such a horrible time in our history, to declare on the working people of this country? Is it because their 24/7 propaganda machine has finally created enough of a divide between us that this was an opportune time?
And finally I'd like someone to have the guts to ask what their end game is? If they destroy this country, take away assistance from the neediest of us, to basically leave us dying in the streets, what do they gain? Power? A place in their owners' businesses? What is it? And if there is no one left to buy what these corporations are selling, will they just turn their backs on this great country of ours, and sell their wares elsewhere in the large of growing economies of what we once called "third world countries?" What's the end game? What do they hope to accomplish? It looks like, from where I'm sitting, like the end game is to decimate the USA and leave us in ruin. But that's just me.
As if I didn't have enough questions, there is one more. Why are deficits only important when a Democrat is in the White House, but not even a blip on the radar of Republicans when they're running them up with abandon?
So be it and if history is repeated see who the American voter blames and remembers come November and 2012! I love it! Just do it!
It is more about making the Obama administration fail as the Republicans have made clear many times.
The Republicans had their opportunity during the previous terms of Bush to bring this up and where too busy staring bogus Wars in the middle east!
This problem didn’t just happen since Obama took over. The Republicans are using every opportunity the destroy this administration and we all know why!
Republicans 'worried' about the debt ceiling are simply a bit late with their reasoning.....about ten years late. I'm still waiting for the Mark Rubios and the John Cornyns to suggest that Congress cut their own perkquisites, pensions, and begin to pay for their own health care, as all of us do. Until that happens, their words about long term spending and concerns of the national debt are empty and meaningless.
Republican Sen. John Cornyn voting record 95% with party so we don’t count his vote
REPUBLICANS!! Please quit threatening to shut down the government...and DO IT!! You guys are all Preparation...and no H!!
Republicans propose cutting everything including the shirts off the middle class and the poor; collective bargaining rights, social security/medicaid, teachers, education funding/college. I still say the Republicans are a party of Apartheid, keeping the wealth between them by political means by destroying the middle class. Read about Apartheid and then tell me if I'm wrong.
I agree with Sen Cornyn, and the first reform is to make sure all these wealthy corporations like GE and Chevron stop evading taxes and pay the taxes they owe. That would go a long ways towards reducing the deficit.
They say social Security is a huge part of the budget problem and money the government is paying out. How much of that money is actually money the people paid in from each of their checks and why isn't that amount taken out when figuring the percentages of debt?
Well, the Greedy Old Pig game plan is pretty transparent at this point: Run up huge deficits, while locking in tax cuts for the filthy rich. Then claim that average Americans must balance the budget on their own backs while the faceless billionaires laugh all the way to the bank, WITHOUT MAKING ANY SACRIFICES WHATSOEVER! If this isn't the definition of un-American class warfare, I don't know what is.
Instead of all the cuts for the smallest part of the budget the GOP and Dems need to address all of the issues, tax breaks for corporations shipping jobs overseas, tax credits for oil companies, oil leases that are one sided toward the oil companies, tax code that allows tax refunds for more than what a person actually pays, farm subsidies that give farmers money for doing nothing, having troops in Korea, Germany italy etc when we should have them home hear, I could go on but politicians well be politicians and they will make political decisions. TERM LIMITS AND SPEADING LIMITS FOR ELECTIONS, Special intersts are killing us,, Clowns to the left of me jokers to the right hear I am STUCK IN THE MIDDLE.