By Bernie Becker - 06/11/11 04:50 PM EDT
Sen. Chuck Grassley (R-Iowa) vs. Sen. Chuck Grassley (R-Iowa)
Grassley March 16, 2006
Refusing to raise the debt limit is like refusing to pay your credit card bill—after you’ve used your credit card. The time to control the deficits and debt is when we are voting on the spending bills and the tax bills that create it.
Grassley April 5, 2011
My take is that we should have thought about not increasing the debt limit before we spent the money. ... But the point is, we’ve got tremendous leverage by not increasing the debt to get a lot of things done that we want done — tackling entitlements and tackling a constitutional amendment requiring a balance budget. I support moving in both of those areas. The president has been quite reluctant to do that.