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Cornyn: Short-Term Debt Deal Not Perfect but Possible

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“We’re running up against this deadline, and they’re going to try to present it as a fait accompli,” he said. “Nobody’s going to have time to read it or consider the implications of it, and he’s going to say you have to pass it or the economy’s going down the tubes. That’s just irresponsible.”

Cornyn also shot down recent buzz surrounding the notion that Section 4 of the 14th Amendment to the Constitution could make a statutory increase to the debt ceiling unnecessary. Section 4 states, “The validity of the public debt of the United States, authorized by law ... shall not be questioned,” and Senate Democratic Conference Vice Chairman Charles Schumer (N.Y.) said the theory was worth exploring.

“That’s crazy talk,” Cornyn said Sunday. “It’s not acceptable for Congress and the president not to do their job and to say somehow that the president has the authority to then basically do this by himself. We ought to sit down and work together, and it shouldn’t take the form of press conferences like the president gave last week, where he was essentially the school marm scolding Congress for not getting its job done when in fact he’s the one who has not stepped up and given us a proposal.

“We’d like to see what his proposal is, and let’s do it in the light of day, not in secret behind closed-door negotiations only to spring it on the American people at the last moment and say, ‘You know what, it’s this, take it or leave it, or else there’s financial calamity,’” he added.

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