Schumer Indicates Democrats Won’t Work With GOP on Debt Ceiling

By NTK Staff | 07.11.2017 @3:34pm

The Senate Minority Leader had previously slammed Republicans for not working with Democrats on the debt ceiling.

Senate Minority Leader Chuck Schumer (D-NY) indicated at a press conference on Tuesday that Democrats would not work with Republicans to raise the debt ceiling before the August recess.

“The burden of proof is on [Republicans] to come up with a proposal,” Schumer said during a Capitol Hill press conference.

“Just speaking for myself and, I think, other Democrats, it’s going to be very hard to raise the debt limit if their intent is to increase the debt by massive tax cuts on the very wealthy,” he said.

In 2011 however, Schumer sung a different tune when Democrats were in the majority:

Threatening not to raise the $14.3 trillion debt ceiling — the amount of debt the country is legally allowed to issue — is “like playing with fire,” Democratic Senator Charles Schumer said on NBC’s “Meet the Press.”

“If we didn’t renew the debt ceiling … We might permanently threaten confidence of the credit markets in the dollar, which could create a recession worse than the one we have now or even a depression,” he said.

Schumer’s move today draws into question whether he truly believed in 2011 that not raising the debt ceiling would have been a catastrophic event, or whether he’s simply using this opportunity to score political points.

Sign Up

for NTK updates every week.