Despite President Biden’s very public refusal to negotiate with Republicans on the debt ceiling for weeks until the 11th hour, NewsNation’s faux centrist Chris “Fredo” Cuomo opened his eponymous show Thursday night falsely suggesting it was GOP “brinksmanship” that was endangering the global economy and America’s credit rating. He equated it to “political terrorism” and suggested it was the Republicans who made the debt ceiling debate “rabid” ever since 2011.
Opening his show with an announcement that a deal could soon be struck, Cuomo lamented that “the deal is beside the point. This should never happen this way.”
Cuomo admitted “both sides have done this” but, of course, he found one side was just so much worse. “But to be fair, the GOP has done it more and more recently in ways that are ugly and obvious.” Bloviating: “This is politics of the worst kind. It is the game. And here we expose it so you can decide whether or not you want to oppose it.”
Isn’t it funny how it’s the opposite side of his corrupt family’s politics?
The dangerous anti-Republican rhetoric with Cuomo condemning the supposedly “bad brinksmanship” from Republicans and comparing it to “the Cold War. We did with the Cuban Missile Crisis. But these days we're doing it more and more of our favorite enemy: ourselves.”
According to Cuomo, the GOP’s plan was about pushing America “to the precipice of a conflict that threatens all of us.”
As Cuomo was nearing the end of his opening rant, he proclaimed “Shame on Biden too” because he should have remembered what negotiating with Republicans was like in 2011.
“Now, another point of irony, Biden was a negotiator for Obama back in 2011 and he said he learned that a president should never negotiate on paying for spending that has already occurred,” he recalled, before describing the GOP position as “basically political terrorism.”
He even seemed to admit that the 2011 debt ceiling debate was what solidified his staunch anti-Republican stance, calling it his “breakpoint.” And he scoffed at the idea that the debt ceiling debate was a good time to try to get America’s spending mildly under control:
So, the current negotiations that center on Republican proposals to impose work requirements for some recipients of federal benefits, lasting caps on federal spending – like that's going to happen – and loosen permitting rules for fossil fuel energy projects. They're all fine. Have the debate, make it public, but don't hurt us all in the process.
He also found “irony” in comparing it to the gun rights debate. “The same people who tell me during the shooting to not talk about how to stop the next one. “It's not the time, it’s not the time.” But they're just fine with arguing to cut spending in the future when it's time to pay our bills from the past and avert default. That's okay, that's what it's okay to do that,” he whined.
Chris Cuomo’s dangerous anti-Republican rhetoric was made possible because of lucrative sponsorships from Allegra and Visionworks. Their contact information was linked.
The transcript is below, click "expand" to read:
NewsNation’s Cuomo
May 25, 2023
8:02:27 p.m. EasternCHRIS CUOMO: This debt limit debacle is just that. It is a sign of failure of our politics. Look, good news. breaking on our watch, that a deal is close. All right. And both sides are going to say they're getting what they want. Okay. But the deal is beside the point. This should never happen this way.
You know, there's an irony here. The same people who tell me during the shooting to not talk about how to stop the next one. “It's not the time, it’s not the time.” But they're just fine with arguing to cut spending in the future when it's time to pay our bills from the past and avert default. That's okay, that's what it's okay to do that.
This is politics of the worst kind. It is the game. And here we expose it so you can decide whether or not you want to oppose it.
And of course, spending is a legitimate debate. We only have a debt ceiling – it was created, I think, in like 1917, because we can't keep to a budget. So we have to keep borrowing money to pay our bills. Right? I mean, it's horrible what we do. But that's what we do. Okay?
So, spending is a legitimate debate but not like this. This is just bad brinksmanship. That's all the debt ceiling, you know, kind of daring-do is about pushing to the precipice of a conflict that threatens all of us. Sure, we did that in the Cold War. We did with the Cuban Missile Crisis. But these days we're doing it more and more of our favorite enemy: ourselves. And it's always the same game: “We're not going to raise it if we don't get a deal to spend less next time.”
Now, both sides have done this. But only when they’re not in charge of the spending. But to be fair, the GOP has done it more and more recently in ways that are ugly and obvious. 2011 was the breakpoint for me and for the country, by the way. The right made at rabid. They reached a deal just 2 days before the date that the Treasury estimated it would run out of money and at the time they were like, “oh, we made a deal.” But the damage was done. The brinksmanship triggered the most volatile week for U.S. stocks since the 2008 financial crisis, and the credit rating agency S&P Global downgraded the United States creditworthiness for the first and only time ever.
So, what difference does that make? Well, the GAO which is non-partisan, right, serves as the federal auditor estimated that the delay in reaching a deal increased U.S. borrowing costs by $1.3 billion with a “B” that year alone. They cost us that amount of money just to buy political points for a base they would have had anyway. And now they're doing it again. In May 2023, ratings agency Fitch, put U.S. debt on “negative watch” a step that typically precedes a downgrade.
Now, another point of irony, Biden was a negotiator for Obama back in 2011 and he said he learned that a president should never negotiate on paying for spending that has already occurred. Don't negotiate about the debt ceiling. It's basically political terrorism.
We owe money. That's what the debt ceiling is. By the way, this is a farce that it's about anything to do with the future. We owe money. Again. We don't balance our budget so we need to borrow to pay for what we spend not paying is not really an option. So, the current negotiations that center on Republican proposals to impose work requirements for some recipients of federal benefits, lasting caps on federal spending – like that's going to happen – and loosen permitting rules for fossil fuel energy projects. They're all fine. Have the debate, make it public, but don't hurt us all in the process.
And now will say, “Well, you know, I don't think it's going to us.” Then you didn't learn the lesson from 2011. And they can’t say, “Listen, we've got to do this to matter of principle.” If it were a matter of principle. They would have done it during the Trump administration and they didn't. And that was after they gave him tax cuts that were unpaid for that they knew would be on paid for that triggered huge historic budget deficits that they're supposedly against. And it was coupled with some of the biggest budgets in history and they were just fine with all of it. Why? Because they were in power.
So, for was a matter of principle, they would be consistent, but they're not. Shame on them. But shame on Biden too. And I'm not both-sides-ing it. He said he learned the lesson. He obviously forgot it.
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