Sen. Johnson talks about nation's debt ceiling

GREEN BAY — A vote is expected next week on raising the nation's debt ceiling.
The Republican-controlled House is scheduled to vote on a measure that would fund the government for about three more months.
The government reached its $16.4 trillion borrowing limit December 31, but has avoided default by using cash from pensions and other funds.

The White House says now is the time to act because officials fear a meltdown in the financial markets.   

"Congress should simply extend the debt ceiling, and do so in a manner that causes no concern to the economy and to global markets,” said Jay Carney, White House Press Secretary.

The House legislation does not include immediate spending cuts that some Republicans have been calling for.
U.S. Senator Ron Johnson was in Green Bay Friday speaking out about the issue. He brings us another view.

"We need to get ourselves on a glide path, and what we should not do is just increase the debt ceiling, basically, you know, give the president the authority to increase the debt burden on our children and grandchildren, without seriously addressing the spending issue,” said Johnson, R-Wisconsin.
So how does the public feel about the issue?
A new Associated Press poll finds 39 percent of people agree with Republicans that the spending cuts should be addressed with the debt ceiling.
Thirty percent support the president asking for immediate action.
While 21 percent of respondents say they oppose pushing the debt ceiling at all.  

Copyright 2014 WLUK TV. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


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