Tags: Marco Rubio | Budget Cuts | Barack Obama

Rubio: America Needs ‘Fiscal Sanity’

By Hiram Reisner   |   Sunday, 03 Apr 2011 11:00 AM

Florida Sen. Marco Rubio say he does not want to put the nation in default, but that’s what the Obama administration will be doing, if it continues to spend money it doesn’t have. Rubio also told Chris Wallace on “Fox News Sunday” that conditions he has set to vote on raising the debt limit are the only ways to “put us on a path to fiscal sanity.”

“The people who are against my position on this argue that if we do Marco Rubio, Budget Cuts, Barack Obamanot extend the debt limit, that it will lead to a catastrophic default and my answer to that is: If all we do is extend the debt limit, it will be even worse,” Rubio said. “And so what I have said is that the only way I will vote on this debt limit thing, is if it’s the last time we do it, plus a series of meaningful reforms, that put us on a path towards fiscal sanity.”

In recent days Rubio has said he would only vote to raise the debt ceiling if critical reforms are addressed: fundamental tax reform; an overhaul of the regulatory structure; discretionary spending cuts; entitlement reform; and a balanced budget amendment.

“If all we do is go in there in three or four weeks, or in a couple of months, and extend the debt limit again and do nothing else, the world is going to look at us and say: America and its political leadership is not serious about dealing with this incredible issue, and the fact [is] that their government continues to spend money it doesn’t have,” he said.

Rubio noted that when President Barack Obama was a senator, he voted against extending the debt limit, saying it was leadership failure, and now “apparently he thinks it is the mature thing to do.”

“The difference between that vote and what he did — and what I’m doing — is I’m saying: Here is what we should do instead. I am offering a clear alternative,” Rubio said. “Now if someone has a better idea about how we can make and send a more positive message to the world, that America is serious about dealing with this debt issue, then let’s hear their idea.

“The fact is as I sit here with you today, my colleagues on the Democratic side of the aisle in the Senate haven’t even proposed a budget for last year — much less one for this year — or a plan to deal with these things,” he continued. “Instead, they’re just sitting back and waiting to see how they can use this issue to win elections.”

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