Rep. Jeb Hensarling:What [President Obama] hasn’t shown to the American people beyond a speech with classfare war rhetoric in it… Where is his plan to deal with the debt crisis, that frankly many of us we believe he caused?
Joe Scarborough, later in the exchange: Jeb, you don’t have too much of a choice in talking about the debt ceiling. I have been critical of Barack Obama’s debt spending over two years. But George W. Bush and Republicans took $155 billion surplus and turned it into a $1.4 trillion debt. Took the debt, took a $5.7 trillion debt and turned it into $11.5 trillion dollar debt. The economy has gone down, revenue has dried up over the past couple of years. You know a lot of this debt is because of what Republicans have done over the past ten years. It’s not just Barack Obama’s debt. You know that, right?