Posted on 01/22/2023 3:09:13 PM PST by E. Pluribus Unum
Treasury Secretary Janet Yellen said that House Republicans are being "very irresponsible" and risk creating a global economic catastrophe by demanding spending cuts in return for raising the U.S. debt ceiling.
During her diplomatic trip to Africa, Yellen said during an interview Saturday with The Associated Press that she believes Congress will vote to raise the U.S. debt limit, but making the increase conditional on spending cuts is "a very irresponsible thing to do."
Yellen said late last week that the Treasury is implementing "extraordinary measures" to avoid defaulting after the U.S. hit the $31.38 trillion debt ceiling.
A U.S. default on debt "would impose a self-imposed calamity in the United States and the world economy," she said Saturday.
"Congress needs to understand that this is about paying bills that have already been incurred by decisions with this and past Congresses and it's not about new spending," Yellen said. She stated that she believes in the importance of responsible government debt levels, "but it can't be negotiated over whether or not we're going to pay our bills."
Some Democrats, such as Senate Majority Whip Dick Durbin of Illinois, have said that President Joe Biden should not negotiate with Republicans on the debt ceiling.
West Virginia Democrat Sen. Joe Manchin said he is in support of discussions with the GOP and thinks spending needs to be reined in. During a CNN interview Sunday, he said: "Every American has to live within a budget. If they don't, they're in trouble financially. ... Shouldn't the federal government have some guardrails that say, hey, guys, you're getting over — you're overreaching here and you're overspending?"
(Excerpt) Read more at justthenews.com ...
Tell Yellen to pound sand.
L
Yellen is irresponsible for creating Inflation.
The Treasury Secretary calling it irresponsible to carry a $25 Trillion debt service and limiting spending?
(they are all crooks)
.
Yellen Keller is a political Hack
The current administration needs to understand the American people voted for change. They didn’t like the budget that was passed so they sent the new House to fix it.
See how that should be spun by the GOP.
She must have missed that article earlier this week about Trump’s tax cuts being responsible for bringing in $bazillions to the Treasury.
Cuts work, but leftists hate to admit it.
Look who’s talking. The queen of breaking the bank and orchestrating a massive bankruptcy. Go away Yellen. You are in over your head and intelligence level.
Cutting the size of the Federal Government is the responsible thing to do. Tens percent less would be a good start.
yeah but its not irresponsible to spend money you don’t have, right Jannie?
Let’s hope the GOP has learned a critical lesson from past go rounds: they need to focus on what they want to cut and get out public messaging every single day on why those are important, and why we’re not going to run out of money tomorrow. I don’t how out undue hope. They’re historically a bit slow.
The GOP Leaders jointly in a press conference should publicly and forcefully refute Yellen, telling everyone what was irresponsible was the massive, no one has read it, “Omnibus” bill passed in the final 11th hour of the lame duck Congress, intentionally to avoid the present elected members of the House from having any say over the massive spending in that bill. THAT was IRRESPONSIBLE, and now it is the duty of the House to put restraints on the federal credit card.
Yellen is psychotic.
Janet yellen is just projecting like all lefties typically do.
Start with cutting that skank yellens pay by 75%.
And this woman is qualified to be Treasury Secretary how? Maybe her position should be downsized.
Not sure if she is irresponsible or a total idiot!!!
I’d tell her the parents are back home after a short vacation!
Children must be taught a lesson in frugality.
Money just doesn’t fall outta the sky!!!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.