Former President, Bill Clinton spoke to George Stephanopoulos last week about the ongoing debt ceiling battle.
BILL CLINTON: If I were the president, I wouldn’t negotiate over these draconian cuts that are going to take food off the table of low-income working people, while they leave all the agricultural subsidies in for high-income farmers and everything else. I just think it’s — it’s chilling to me. The entitlement spending is going down as the unemployment rate drops and the economy grows. Half of the deficit has already disappeared. The rest of it, well this is just, it seems almost spiteful.
GEORGE STEPHANOPOULOS: But doesn’t it all come undone if there is a default? I mean all this saying you’re not going to negotiate, you’re betting on the other side caving.
BILL CLINTON: That’s right. This is the House Republicans and the Tea Party people saying we don’t want to negotiate with the Democrats. We want to dictate over the Senate, over the House Democrats, over the Speaker of the House of our own party, and over the President. We insist on dictating the course of the country.
GEORGE STEPHANOPOULOS: So you’re saying that you just have to stand up to that, no matter what the consequences?
BILL CLINTON: I think you do, because they haven’t asked for negotiations.
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