Republicans finally reveal horrific debt ceiling demands
No Lie with Brian Tyler Cohen
Brian Tyler Cohen
4.9 • 7.8K Ratings
🗓️ 22 January 2023
⏱️ 33 minutes
🧾️ Download transcript
Summary
Republicans are trying to get unbelievable concessions in exchange for holding the debt ceiling hostage. Brian interviews former Republican consultant and writer at The Bulwark, Tim Miller, about the ever-growing list of George Santos lies, where a so-called moderate Republican like him fits into politics now, and what he expects to see from the impending Trump-DeSantis feud.
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Written by Brian Tyler Cohen
Produced by Sam Graber
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Transcript
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| 0:00.0 | Today, we're going to talk about what Republicans are trying to get in exchange for holding |
| 0:04.2 | the debt ceiling hostage, and I interview former Republican consultant and writer at the |
| 0:08.0 | Bowwerk, Tim Miller, about the ever-growing list of George Santos lies, where a so-called |
| 0:12.4 | moderate Republican like him fits into politics now, and what he expects to see from the impending |
| 0:16.8 | Trump to Santos feud. |
| 0:18.1 | I'm Brian Tyler Cohen, and you're listening to No Lie. |
| 0:23.3 | So this past week, the US officially hit its debt limit. |
| 0:26.6 | And last week's episode, I warned about what's at stake if the US defaults, which is basically |
| 0:30.9 | the full faith and credit of the United States, domestic and global markets, the stability |
| 0:35.0 | of the US dollar. |
| 0:36.7 | Even though we hit our limit, the Treasury Department is now using what it's calling extraordinary |
| 0:40.4 | measures to meet its obligations for just a limited amount of time, which brings us to |
| 0:44.3 | June of this year. |
| 0:45.9 | If the debt ceiling isn't raised by then, we'll see our economy crater and the dollar's |
| 0:49.8 | position as the world's reserve currency put at risk. |
| 0:52.1 | So fun stuff. |
| 0:53.5 | So the solution here, as I explained in the past, is a clean bill raising the debt ceiling. |
| 0:58.7 | Republicans won't do that because they see this as their opportunity to hold the entire |
| 1:02.2 | economy hostage in exchange for a few concessions. |
| 1:05.5 | And in terms of those concessions, we don't know all of them yet because Kevin McCarthy won't |
| 1:09.8 | reveal what he promised those hostage takers in exchange for their speaker votes, but |
| 1:13.9 | we're slowly starting to learn what some of them are and they are insane. |
... |
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