July 27th, 2011
11:49 AM ET
9 years ago

Rick Scott opposed to raising debt ceiling

(CNN) - Despite his own party's growing push to raise the federal debt ceiling, Republican Gov. Rick Scott of Florida insisted Wednesday the government should resist any increase in the debt limit.

"We can stop borrowing money at the federal level if we cut our spending at the federal level," Scott said on CNN's "American Morning." "We don't have to keep borrowing more money."

Scott repeatedly argued the government should follow the business model of a company when it comes to debt.

"What do businesses do if the revenue goes down? They have to stop borrowing money," Scott said. "Our government is no different. What's the limit? Is it $14 trillion, $16 trillion, $20 trillion? And who's going to pay for this? Our kids will pay for this."

When pressed by CNN's Christine Romans on what he would cut from federal programs, the Florida governor did not outline specifics.

"Well, you go through the most important things–just like what you do at the state level–you go through the most important things, and then you have to cut back," Scott said.

Romans reminded Scott that Federal Reserve Chairman Ben Bernanke said the country would see an immediate 40 percent cut in federal spending if there's no agreement by the August 2 debt deadline.

"The impact near-term on the economy would be disastrous," Romans said.

But Scott remained firm in his stance, saying the only solution is to cut spending and lower taxes.

"Higher taxes, more regulation, trillion dollar deficits kill our economy," Scott said. "This is about jobs, about our future. We cannot continue to borrow money."

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Filed under: Debt • Deficit • Rick Scott • TV-American Morning
soundoff (90 Responses)
  1. Reggie from LA

    Yeah, it really is no big deal for someone who swindled their way into money an still doing it from the Governor's Office in Florida. Cut spending. Cut spending. Floridians, is he growing any jobs down there or doing anything worthwhile? This debt business has brought out the worse possible "representatives" to try to convince people that sparing rich people who need tons of money more. Thank you for your inputs Gov "RipOff" I me Rick Scott.

    July 27, 2011 12:55 pm at 12:55 pm |
  2. Jilli

    Ah, he's probably just against it because he hasn't figured out how he can personally make a profit off the situation yet – you know, like the drug testing scheme in FL.

    You sure know how to pick 'em Florida.

    July 27, 2011 12:56 pm at 12:56 pm |
  3. durundal

    Government is not a business, government provides the services and regulates the needs for efficient allocation of public goods and other issues which an efficient market could still not readily address. One symptom of this is that a low cost solution may not exist. If you want to cut police, education, fire, health, infrastructure, and other vital goods so you can gut the government and keep a cushy salary like a normal business does, then GTFO of office and take you disingenuous flag waving with you.

    That or you can watch as inflation skyrockets, and businesses, jobs, and your market portfolio all nosedive. The American people need to be outside every GOP/Tea Party office picketing and demanding that they not commit economic terrorism, or else we are all going to suffer.

    July 27, 2011 12:56 pm at 12:56 pm |
  4. Julie

    The GOP said we'll get the jobs if you elect us. How has that worked out for you? Still they argue that the same financial policies that the Bush administration put forth is the only way to create jobs even though 8 million jobs were lost during that administration. I just don't get it – where is the logic behind doing the same thing. The cuts the GOP wants to make will increase unemployment, not help it. Wake up!

    July 27, 2011 12:57 pm at 12:57 pm |
  5. End GOPorate greed.

    Shows how too much sun can distort reality for so many in FLA into electing a creep like this.
    So who cares what this criminal mind would say or do? Better said if this slime ball is against it then there's probably good reason to be for it.

    July 27, 2011 01:03 pm at 1:03 pm |
  6. Sniffit

    "Someone, quick, name me a business that purposefully cuts its revenue before doing anything whatsoever to reduce its expenses!"

    No takers? Answer: The United state of America.

    July 27, 2011 01:03 pm at 1:03 pm |
  7. Rudy NYC

    All of these trillions of dollars we spend is going somewhere. Does anyone know where the bucks finally stop?

    July 27, 2011 01:04 pm at 1:04 pm |
  8. OLIVIA61

    I live in Florida and Scott is not popular at all. Sott spent $75million of his own money to barely win the governors office. He is also going to be a one term Govenor. Its clear that he is a special interest Governor and cannot manage his own state. He must have paid off someone to get his picture in the news. As for Scotts opinion on anything its not worth anything.

    July 27, 2011 01:05 pm at 1:05 pm |
  9. Steve Bennett

    I don't know this governor from a hole in the wall. He may be horrible for all I know, but the only ones worse than him are two anchors who interviewed him this morning. They were completely out of control just because he didn't agree with them. Hey, question the guy all you want and go ahead and challenge him - but don't act like a bunch of rabid dogs foaming at the mouth. Really unprofessional.

    July 27, 2011 01:09 pm at 1:09 pm |
  10. Proud member of "Global Zero"

    I am a nice person so I cannot say what I think of my governor. This and DC is what we get when you do not show up to vote.

    July 27, 2011 01:09 pm at 1:09 pm |
  11. B

    These morons are going to destroy the country and my fear is that Obama is looking like he is going to let it happen unless he gets a- spine implant soon.

    July 27, 2011 01:10 pm at 1:10 pm |
  12. Rudy NYC

    John wrote:
    The Republicans really do want to see a default.
    Just about. What the really want is place "da' fault" on Obama for a host economic woes, which they caused while they think most of us are not looking. Don't worry. Most of use were not looking in 2010, but most of us are looking in 2011, and by 2012 all of us will be looking.

    July 27, 2011 01:11 pm at 1:11 pm |
  13. ART

    Wasn't his show "Max headroom "cancelled a long time ago? He is irrelevant and quite out of step with the country, left to the Republicans the country would go to hell in a hand basket.

    July 27, 2011 01:12 pm at 1:12 pm |
  14. Let's get rational now

    Yeah Rick, this is going to play really well in your state when the social security retirement, social security disability, federal retirement and military retirement checks start not coming in. How much of your state income is made up of that money? Your state already has a crappy economy and sky high unemployment and you have done nothing about it. Its no wonder the voters of Florida are having voter's remorse about electing you. You are going to be another tea party casualty in the next election.

    July 27, 2011 01:13 pm at 1:13 pm |
  15. Joan

    OMG Is this guy for real? He was convicted of fraud for scamming the federal government out of millions in medical payments when he owned a big HMO. No-one should trust his judgment on running anything. He sure put one over on the people of Florida last November. He obviously thinks raising the debt ceiling gives the President money to throw around. Actually what it does is give the Congress enough money to pay their outstanding debts. The President has nothing to do with it. It would be interesting if the Republicans got their "cut, cap, balance the budget" deal and then won next November. Then see them squirm if there is another recession (which would probably happen under them) or some kind of disaster which they could not manage because they put a cap on spending. Tapes of guys like him, Cantor, Boehner, DeMint, Paul, Palin, Bachmann and countless others are going to be played endlessly during the next election campaign. They may eventually compromise and solve the debt problem but as "The "Emperor's New Clothes" children's story shows, now everyone has seen a glimpse of the real, current Republican party and will not be allowed to forget it. They have damaged the reputation of the Republican party and it may be impossible to get it back.

    July 27, 2011 01:14 pm at 1:14 pm |
  16. Marie MD

    To everyone in my home state who voted for this medicard millionaire . . . You deserve everything you get!!
    Fools that you all are. Tell usnwhat happens when that SS check doesn't come next month!!!

    July 27, 2011 01:16 pm at 1:16 pm |
  17. EatRunDive

    He should just stick to trying to kill Harry Potter.

    July 27, 2011 01:18 pm at 1:18 pm |
  18. MCR

    It's a shame there's no good Treason law in the US for things like this, would be nice to just argue that anyone willing to tank the country economically with full knowledge of the disaster that would cause is an agent of a foreign state/power

    July 27, 2011 01:18 pm at 1:18 pm |
  19. MSH Miami

    Scott is a complete and utter embarrassment to the State of Florida. He's ruining our state and now he wants to ruin America in the process. He's rich enough to weather any economic fallout that would result from default, and he couldn't care less how it impacts others that aren't as rich as him. Message to Rick Scott: Less than half of Florida voters voted you into office, but way more than half are itching to vote you out. Don't measure the drapes in the Governor's mansion, because you'll be out of there as soon as this term is up.

    July 27, 2011 01:18 pm at 1:18 pm |
  20. Claudia, Houston, Tx

    Of course Rick Scott opposes, he's made his money borrowing from banks for all his real estate investments that made him rich and he's protecting his wealth and the hell with the rest of America.

    July 27, 2011 01:21 pm at 1:21 pm |
  21. Get A Grip

    Obama's own words on raising the debt ceiling in 2006 when he was Senator Obama:

    "The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. … Increasing America’s debt weakens us domestically and internationally. Leadership means that “the buck stops here.” Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better."

    Come on folks, lets say it all together now.....HYPOCRITE!!!!!

    July 27, 2011 01:26 pm at 1:26 pm |
  22. Robert Cloosdoosch

    This from a guy that was at the head of a company that defrauded medicare for billions. He should be in jail.
    He IS part of the problem.

    Florida, what were you thinking? Or were you thinking at all?

    July 27, 2011 01:29 pm at 1:29 pm |
  23. Keith in SoJax

    Gov Scott is really popular here. I think he's down to 25% approval. If the Republicans want to mimic that success, just keep following the Tea Party. Oh, by the way, Gov Scott reduced school funding to $6200/student from $6900/student so he could give more tax breaks to the rich and famous. When he talks about priorities, he's short on details because he knows that 75% of us understand that his priorities are all screwed up. He shouldn't even be allowed to mention children in an interview since he cut school funding to give rich folks a tax break!

    July 27, 2011 01:34 pm at 1:34 pm |
  24. Bill NY

    What this person is saying proves the fact that the IQ of the electorate in this country is about 50. After looking at what a default will mean for the average citizen and the world at large I can only conclude that Scott and his ilk are working for a foreign goverment hostile to this country. In other words TRAITORS!!!

    July 27, 2011 01:34 pm at 1:34 pm |
  25. Republicans - The Not Intended To Be Factually Accurate" Party

    I understand now. Republicans actually believe that they are doing the President a FAVOR if the debt ceiling goes up.

    That`s their "concession" in the negotiation. This, of course, is preposterous but they seem to think they can sell that BS to American people.

    You can hear it in the rest of their "talking points" They say, Kthe President wants a blank check to CONTINUE HIS reckless spending". It`s a great soundbite but it is a lie and TV journalists should call Republican politicians out when they say it.

    We racked up $14T of debt largely through the Nixon, Carter,Reagan, Bush,Clinton & Bush administrations. Actually Clinton barely belongs on the list because he PAID DOWN the debt in 3 CONSECUTIVE years. Only about 10% of the debt can be attributed to Obama and most of that is due to the crappy hand Bush43 left him.

    All that RECKLESS SPENDING comes from Congress, not the President. Sure, the Prez SIGNS the bill, but the Constitutuion demands that the House & Senate determine the majority of the framework & details for the budgets.

    The problem is Congress, not the President. Now, a President could veto the spending bills but they never do. Reagan didn`t, neither did Daddy Bush or Sonny Bush and yet the GOP would like you to believe their party abhors debt, deficits and spending.

    Let`s cut "republican favored spending. Take $300B per year out of the DOD – – this takes us back to pre-9-11 levels. That would save us $3T over 10 years. I`ll bet the GOP wants to spare that spending though.

    Let`s cut" GOP spending" on tax loopholes and Bush-originated lower rates for the rich. You know, those "job creators" that deserve to be rewarded for all the employment they`ve created. I`ll bet the GOP doesn`t want to cut that spending either.

    July 27, 2011 01:42 pm at 1:42 pm |
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