Illinois U.S. Senators Square Off On Debt Limit

CHICAGO (WBBM) — The U.S. Treasurer says the United States could default on its loans if congress doesn’t act soon to raise the country’s debt limit, and both Illinois U.S. senators are weighing in on the issue.

As WBBM Newsradio 780’s Bernie Tafoya reports, on Monday, the United States reached its debt limit of $14.294 trillion. The credit card has reached its max.

LISTEN: Newsradio 780’s Bernie Tafoya reports

But as to increasing the debt limit, U.S. Sen. Mark Kirk (R-Ill.) says he doesn’t see that happening, at least not without concessions.

“I don’t think there’s any way that the Congress would pass any additional additions to the debt of the United States without spending reduction,” he said.

But U.S. Sen. Dick Durbin (D-Ill.) says this is no time for Republicans to play politics with the economy.

“We’re just barely starting to recover,” he said. “People are starting to get back to work. Businesses are starting to succeed. And if we stumble over a political strategy to make the debt ceiling part of some negotiation, it would be a serious mistake.”

Congress has until August to deal with the debt limit, or else the country could be threatened with falling into default.

  • treeboy5

    Once again Sen Durbin doesn’t get it, we can keep spending something we don’t have and there needs to be spending cuts to get this def. under control.

  • jeffrey

    I swear, Durbin has got to be one of the biggest fools I have ever known of. He is an embarrassment to the state as well as the whole country!

  • southside

    Durbin is delusional. First he spends the better part of the last 15 years spending us into oblivion. Now, he’s lying about a bond default so they won’t take away his credit card. The bondholders will get paid first. The default he is worried about is to all of the pet government projects he craves. All of those union featherbedded, unneeded governement projects won’t egt funded.

    Durbin need to man up and stop the spending.

  • RichR

    Durbin has never had an original thought of his own, he’s always been a democratic party hack. Basically he wants to keep spending money we don’t have to protect his own political position and his job. He’s an embarrassment to the people of Illinois.

  • Jim

    I agree with Obama on this one…in 2006 he stated. “The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. … Increasing America’s debt weakens us domestically and internationally. Leadership means that “the buck stops here.” Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.”

  • Larry

    Durbin is a fool, just like our Democrat legislators. Spending needs to be cut!

  • BOB

    Is it convient that you forget that people like BUSH and KIRK are the ones that created the mess. Why don’t you advocate a fiscally sound way to reduce the cost of governemnt. You say slash without reguard and don’t understand this will cause all kinds of problems for the next twenty years and you will wonder why the governemnt sucks. You should advocate a sound reduction of the cost of governemnt that will take the long view by consolidation and running the governemnt better. This why in the long run it will be cheaper. Don’t you but CFL bulbs that cost more upfrontand save in the long run. This is what you should be asking the congress to do. You should also be asking the congress to cange the loopholes that aloow the ultarich to skate o taxes. You should ask theses people who get the most benefits and special consideration to actually pay for the services thay get.

  • bob is wrong

    Bob-If you make 2000 a week and spend 3000 per week and put the 1000 shortfall on a credit card each week until you max it out do you advocate getting a higher limit credit card? And if you can’t get that credit card because your debt to income ration is out of whack and your lender cut off your credit what will happen? You will only be able to pay the 2000 per week and you will default on the rest. The end result will be a lower credit score putting further pressure on your ability to get credit in the future. China is our main debt holder and if and when we default it is going to cause the US to take a huge hit in credibility and will set the stage for the US to lose it’s dominant position in the global market. It will also allow China to surpass us by huge leaps and we will never recover. Bob do you like losing? Is 3rd or 4th place OK with you?

    Can’t spend more than you make, at least not forever, right Bob? Can you?

    • Mr. Justice

      WONDERFUL! It is great to see there are other “like minded” Americans. Well, except for Bob, who just does not get it. Can’t blame Bush and Kirk anymore. It is Obama that more than doubled the debt within his first two years as President. Bob, you are an idiot!

    • southside

      Rap on, bob is wrong. You nailed it, friend.

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  • wmb

    Just don’t do it, Kirk is doing a fine job

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