02.27.19

Senator David Perdue Talks North Korea Summit & $22 Trillion Debt Crisis

WASHINGTON, D.C. – U.S. Senator David Perdue (R-GA) joined Maria Bartiromo on Fox Business Mornings with Maria to discuss President Trump’s summit with North Korea, the $22 trillion debt crisis, and Federal Reserve Chair Jerome Powell’s appearance before the Senate Banking Committee.

Click here to watch.

Senator Perdue on Fox Business 2

Highlights:

President Is Acting Like A Statesman: “I think we’ll get some concrete progress out of this summit with North Korea. I’m proud of President Trump. He’s acting like a statesman, and that’s what we need in this conversation.”

Need Timetable With North Korea: “We need to see a timetable with quantitative, measurable results from North Korea. Let’s remember where we were a few years ago. Our country was facing a nuclear threat from North Korea, and now we’re handling it diplomatically. I give the President a lot of credit for initiating this dialogue with Chairman Kim.”

Sanctions Are Working: “I visited South Korea and the DMZ last year. We saw refugees coming over the border and talked to people personally who were in North Korea. The North Korea sanctions are really working.” 

Green New Deal Is Silly: “Last year, we only collected $2.2 trillion of federal income tax, and the Democrats want to spend $9 trillion a year to do this ‘Green New Deal.’ This is silly. There’s no way any degree of the ‘Green New Deal’ can actually work because we have a serious debt crisis right now.”

Socialist Monetary Policy: “I never thought when I ran for the Senate that we’d be sitting here today in 2019 talking about Socialism in our country. The Left is talking about things like ‘Modern Monetary Theory’ and saying ‘let’s let Congress spend as much money as they want and build up as much debt as they want, and it’ll all be okay because the Fed will take care of it.’”

$22 Trillion Debt: “The debt just ticked over $22 trillion two weeks ago. More importantly, we have four central banks in the United States, China, Japan, and Europe with historically high values on their balance sheets. This really concerns me.”

No Easy Way Out: “There’s no easy way out of this debt crisis. You can’t cut your way out. You can’t spend your way out. You can’t save enough. We have to get at the basic drivers of the debt crisis, which is mandatory spending.”

Economic Opportunity: “This could be the high ground of the Republican Party in 2020, if we show the world what we really believe in. Economic opportunity for everybody really works. Limited government really works. Just look at the economic results we’re getting right now from pulling back on regulations, lowering taxes, freeing up energy, and rolling back Dodd-Frank.”

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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.