12.20.18

Senator David Perdue Talks Funding & Trade on CNBC

“This is another example of the total irresponsibility and dysfunction in Washington”

WASHINGTON, D.C. – U.S. Senator David Perdue (R-GA) joined CNBC’s Squawk Box to discuss the economy and Washington’s failure to fully fund the government on time.

Click here to watch.

 

Highlights:

Funding Failure: “This is another example of the total irresponsibility and dysfunction in Washington. This is the end of the first quarter. We’re still talking about the funding for the last fiscal year. This should have been done on September 30th. We have 75% of the federal government’s discretionary budget funded so far this year, and the politicians here think that’s good enough. Unfortunately, it isn’t nearly good enough.”

186: “This is the 186th continuing resolution since 1974 when the Budget Act was put in place. We can do better than this.”

Build The Wall: “This is more of a political issue for Democrats than it is a national security issue, which is what President Trump is calling out. Over the last few weeks, President Trump demonstrated that he’s very workable on different ways not only to fund the border wall, but also on different amounts that he needs to get it done. Bottom line this is a national security issue.”

Stop Kicking The Can: “This is the time that we should force Democrats to negotiate. I believe kicking the can down the road does two things. It put us under pressure internationally with our partners about how serious we are about defending our own border, but the second thing it does is it delays starting next year’s budgeting and appropriations process. The irony is that by delaying until February 8th, we will only have 57 working days until July 31st, which is when we really have to get next year’s appropriating done, and I’m very skeptical of being able to do that.”

Sense Of Urgency: “I believe that we’ve got to come back right after Christmas to finish funding the government. We’re talking about potentially coming back in the latter part of next week to get this done in the Senate.”

Trade Momentum: “We’ve got momentum in the trade conversation. Look at what this President has done. We have NATO partners agreeing to increase the payments for their own national security. That’s a big deal. We have Canada and Mexico finalizing a new trade agreement, South Korea has an updated free trade agreement, Japan has been in trade discussions, and now we have a potential off ramp with China.”

Getting Results: “People sent us here to get things done. The reason I ran for the U.S. Senate is because of the dysfunction in Washington. The global security crisis was getting worse and this financial crisis is very real with $21 trillion of debt. We have to deal with that. Right now, this President has got the economy moving. We’re dealing with the budget process. We’re attacking wasteful spending. We have the first DOD audit in U.S. history.”

Major Problem: “If the U.S. House of Representatives, under Democratic leadership, decides that they’re going to investigate only, not legislate, that’s going to be a major problem for America, and I hope they don’t do that.”

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Senator Perdue is the only Fortune 500 CEO in Congress and is serving his first term in the United States Senate, where he represents Georgia on the Armed Services, Banking, Budget, and Agriculture Committees.