Sen. Ted Cruz Rips Biden for ‘Playing Roulette’ with Economy – Watch
Republican Senator Ted Cruz is accusing President Joe Biden of “playing roulette” with the economy with his handling of the debt ceiling negotiations.
Cruz made the comments on Sunday during an appearance on Fox News’ “Sunday Morning Futures.” He said that Biden is refusing to negotiate with Republicans on a debt ceiling increase, and that this is putting the country at risk of defaulting on its debt.
“The president is playing roulette with the economy,” Cruz said. “He’s refusing to negotiate with Republicans on a debt ceiling increase, and that’s putting the country at risk of defaulting on its debt. If we default on our debt, it will have a devastating impact on the economy. It will raise interest rates, it will hurt businesses, and it will lead to job losses.”
Cruz also said that Biden is trying to use the debt ceiling as a bargaining chip to get Republicans to agree to his other priorities, such as his Build Back Better agenda.
“The president is trying to use the debt ceiling as a hostage,” Cruz said. “He’s trying to use it to get Republicans to agree to his other priorities, such as his Build Back Better agenda. But we’re not going to be held hostage by the president. We’re not going to agree to his other priorities just because he’s threatening to default on our debt.”
House Speaker Kevin McCarthy (R-CA) had similar words to say about Biden:
“We have challenges around this country, around the world. He needs to show leadership and come to the negotiating table instead of putting us in default. This is risky, what he’s doing.
He’s threatening the markets. …
This goes against everything, what America was created upon that if you work hard, you can succeed, and that’s the difference. Come to the table, negotiate and do what is right.”
Joe Biden needs to stop playing roulette with the American economy.
Biden needs to stop fear-mongering. pic.twitter.com/lDFXBavmsk
— Senator Ted Cruz (@SenTedCruz) April 30, 2023
The Biden White House claimed the Republican plan to responsibly lift the debt ceiling would “literally melt bones.”
Our plan claws back billions in unspent COVID money & limits spending levels to what they were just 4 months ago. It's not radical—it's responsible. pic.twitter.com/PffAwxiTpV
— Kevin McCarthy (@SpeakerMcCarthy) April 29, 2023