U.S. Senator Ted Cruz (R-TX) today addressed the Senate floor reiterating his willingness to move forward with the budget if the Senate agrees not to use the budget process to raise the debt ceiling with a simple majority vote. Several senators are asking to move towards a budget conference, which would enable Democrats to raise the debt ceiling with a mere 50-vote threshold. However, a debt ceiling increase considered through normal order would require 60 votes.
"For 62 days we have asked the majority leader, "Simply say we won't use this as a procedural trick to raise the debt ceiling with 50 votes, and we can go to conference.' And for 62 days the majority leader has said, "No, I will not do that.'
"It's easy to get confused by all of the procedural discussions back and forth. This issue is about one issue alone -- should Majority Leader Harry Reid be able to raise the debt limit an unlimited amount with just 50 votes? Or should it require 60? If it's just 50, the majority leader has the votes right now to write a blank check for the federal debt. The American people want us to fix the problem and stop digging the debt hole deeper and deeper, stop putting our kids and grandkids on the path to Greece. And I am proud that so many senators are standing here working very hard to honor our commitments to our constituents because that's exactly what our job is."