WASHINGTON (WBAP/KLIF) – Wednesday on the floor, U.S. Senator John Cornyn called out President Biden for refusing to negotiate with Congress to avoid a catastrophic default on the national debt.
“This week, the House is expected to vote on legislation to begin to rein in Congress’ out-of-control spending and avoid a debt default,” said Senator Cornyn. “If the United States defaults on these debts, all of our challenges will only get worse. Social Security and Medicare benefits would be delayed. Members of the military and federal employees would not get paid. We could see skyrocketing mortgage rates, sinking stock prices, and instability all across our economy.”
Senator Cornyn said, to him, it’s clear that America’s borrowing and spending are unsustainable.
“Unfortunately, President Biden refuses to engage,” Cornyn insisted.
According to the Senior Senator from Texas, the only way to avoid a debt crisis is through bipartisan negotiation.
“Many Democrats are now acknowledging that as well, and it’s time for President Biden to get the message,” Cornyn said.
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