Rep. Tim Burchett (R-Tenn.) spoke a couple of attainable authorities shutdown in an obvious mix-up with a attainable debt default earlier than claiming that the U.S. can repay its payments “identical to in enterprise.”
On Saturday, Burchett seemingly mistook a authorities shutdown — which happens when Congress doesn’t agree on authorities funding — with a authorities debt default — an unprecedented incidence the place the U.S. Treasury can’t borrow cash to pay its obligations. As NPR noted final week, the previous occurs considerably commonly and causes disruption, whereas the latter has by no means occurred earlier than and would doubtless lead to everlasting injury together with increased borrowing prices.
“We have to get again to actuality and cease spending cash uncontrolled, that’s the underside line. … I voted to close the federal government down beneath [Donald] Trump and I’ll do it beneath Biden,” Burchett informed CNN’s Jim Acosta.
Acosta swiftly checked Burchett on his remarks, reminding him a authorities debt default just isn’t the identical as a authorities shutdown.
Burchett then characterised the default as a “delay.”
“[It’s] not a default, it’s a delay. Similar to in enterprise, you place one thing off, you pay it off. Should you can’t pay it off this week, we pay it off subsequent week. And that is irresponsible for us to say something aside from that,” stated Burchett, who made headlines after he declared Congress was “not going to fix” mass shootings following the lethal Nashville college capturing in March.
