Politics

Sen. Mitch McConnell Promises to Hold Debt Ceiling Hostage Again (Video)

| by Michael Allen

Senate Minority Leader Mitch McConnell (R-Ky.) promised to hold the increase of the federal debt ceiling hostage, again.

"What I’m saying is we ought to attach something significant for the country to [President Obama's] request to increase the debt ceiling," Sen. McConnell told Fox News Sunday, reports TalkingPointsMemo.com (video below).

"That’s been the pattern for 50 years, going back to the Eisenhower administration," added Sen. McConnell. "I think it’s the responsible thing to do for the country."

However, in reality, the debt ceiling has been raised without attaching "something significant" to it for decades. President Reagan raised the debt a whopping 18 times, while president George W. Bush raised it  seven times, confirmed Politifact.org.

If the Republicans hold the debt ceiling hostage, then the US would go into default, which Sen. McConnell denied would happen.

"We’re never going to default, the Speaker and I have made that clear. We’ve never done that," stated Sen. McConnell. "But, it’s irresponsible not to use the discussion, the request of the President to raise the debt ceiling, to try to accomplish something for the country."

Sen. McConnell said that Republicans may hold the debt ceiling hostage in order to get approval on the Keystone XL pipeline and eliminate provisions in Obamacare, notes ThinkProgress.org.

Sources: TalkingPointsMemo.com, ThinkProgress.org, Politifact.org