Rep. Michael Waltz, R-Fla., discusses the debt deal debate, U.S. adversaries and shares his Memorial Day message.
A GOP lawmaker is urging those spearheading debt ceiling talks to remain vigilant about the rise of U.S. adversaries, emphasizing that a slashed defense budget could fuel trouble for the country’s national security.
During an appearance on “Fox & Friends First” Monday, Rep. Michael Waltz, R-Fla., expressed his uneasiness about jeopardizing U.S. national security in order to reach a deal on the debt ceiling.
“The Chinese are on the march,” he warned. “We need to understand that within the next few years, they may make a move the likes of which we have never seen in the world.”
The Florida congressman’s concerns come as China and Iran advance their military and Russia’s continuous war efforts in Ukraine.
The Chinese are on the march
“Iran is racing towards a nuclear weapon and you could then have a nuclear arms race in the Middle East, not to mention Israel being wiped off the face of the earth and the Chinese are on the march,” Rep. Waltz added.
President Biden’s Defense budget has been ridiculed by Republican lawmakers as insufficient amid rocky relations between the U.S. and its adversaries.
President Joe Biden and House Speaker Kevin McCarthy have reached an “agreement in principle” to resolve the looming debt crisis.
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“I know there are those out there who say, look at the billions we spend on Defense. But you have to look at that in the context of what’s going on in the world,” the lawmaker explained.
The president’s budget proposal included an overall $886 billion for national security programs including $842 billion for the Dept. of Defense (DOD) in fiscal year (FY) 2024, an increase of 3.2% or $26 billion over the $816 billion enacted for the DOD in FY2023.
“Biden’s budget, which this deal agrees to, would send our Navy backwards. We would retire more ships than we build,” Rep. Waltz said.
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China’s President Xi Jinping and US President Joe Biden (SAUL LOEB/AFP via Getty Images / Getty Images)
“The average age of our ships are double the age of the Chinese navy,” he added.
Despite the U.S. navigating tension abroad, the potential of a debt default crisis still looms as the deadline inches closer.
On Sunday, President Biden announced that a bipartisan budget agreement was reached with House Speaker Kevin McCarthy that has taken the “threat of catastrophic default off the table.”
New Constructs CEO David Trainer gives his economic outlook amid the Federal Reserve’s handling of inflation and the June 1 debt ceiling deadline on ‘The Claman Countdown.’
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The president also denied making any concessions in the budget deal.
“We’ll see over the next few days as we comb through the language and as we talk to leadership,” Rep. Waltz said.
The debt ceiling deadline is June 5. Despite lawmakers’ concerns, the U.S. has never defaulted on its debt.
FOX Business’ Eric Revell, Kristen Altus and Fox News’ Bradford Betz contributed to this report.
