U.S. Sen. John Thune (R-S.D.) today joined “Your World With Neil Cavuto” to discuss Democrats’ reckless tax-and-spending spree and the need for them to increase the debt limit on their own.
On Democrats’ push for massive government expansion and tax hikes:
“[Democrats] run the whole government. They’ve got the House. They’ve got the Senate. They’ve got the White House.
They can pass an increase in the debt limit to accommodate this massive run-up in spending that they want to do and do it with Democrat votes. Republicans are not going to be complicit in or enable one of the biggest expansions of government and biggest tax increases that we have ever seen in history.”
“The debt limit needs to be increased. It’s just a question of who provides the votes to do it. And, as you point out, in the past, there have been times where there’s been a bipartisan negotiation that put caps on spending, and included a debt limit increase. Typically, that’s done in a time of divided government.
“And when we have been in charge of the government, we have been responsible for trying to make a deal to get the votes. What we’re saying here is, they run the House, the Senate, and the White House. They run all of government, and they are trying to pass with 51 votes the largest expansion of government – one of the largest expansions of government in history, and one of the largest tax increases in history.
“Why should Republicans be expected to deliver votes to increase the debt limit to accommodate all that new spending? They can do it at 51. They should do it at 51. And our members are going to insist that they do.”
“The last time we did a debt limit increase was 2019. So, what this debt limit increase would do is, it would accommodate all the spending that they intend to do, which, by the lowest estimate, is about $3.5 trillion. Some say it’s going to be more like $5.5 trillion.”