Bill Clinton Calls Parts of House GOP Debt Proposal ‘Chilling,’ ‘Spiteful’
(NEW YORK) -- During an interview for This Week airing Sunday, former President Bill Clinton called parts of the reported House GOP proposal to raise the debt ceiling “chilling” and “almost spiteful” in the way that it would impact low-income Americans.
“If I were the president, I wouldn’t negotiate over these draconian cuts that are going to take food off the table of low-income working people, while they leave all the agricultural subsidies in for high-income farmers and everything else. I just think it’s — it’s chilling to me,” Clinton told ABC News’ George Stephanopoulos in an interview Thursday morning in New York. “It seems almost spiteful,” he added.
Clinton, speaking to Stephanopoulos during the annual Clinton Global Initiative, asserted that House Republicans were attempting to strong-arm President Obama, and advised him to not change course. The president has said repeatedly that he would not negotiate with Congress over raising of the debt ceiling.
“This is the House Republicans and the Tea Party people saying, ‘We don’t want to negotiate with the Democrats....We want to dictate over the Senate, over the House Democrats, over the speaker of the House of our own party and over the president,’” the former president said.
The government is expected to hit its borrowing limit on Oct. 17, according to Treasury Secretary Jack Lew. The government will go into default if it does not raise the ceiling, which could severely impact the economy.
The fight over raising the debt ceiling in the summer of 2011 led, in part, to Standard and Poor’s lowering the credit rating of the United States.
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