Exclusive – Former Trump Treasury Official: Pelosi Giving Debt Ceiling Responsibility to Biden Admin Is Admission of Failed Leadership 

President Joe Biden talks to Speaker of the House Nancy Pelosi (D-CA) as they leave a House Democratic caucus meeting at the U.S. Capitol on October 01, 2021, in Washington, DC. (Kevin Dietsch/Getty Images)
Kevin Dietsch/Getty Images

Former Trump-era Treasury Department appointee Adam Korzeniewski said Wednesday that House Speaker Nancy Pelosi (D-CA) considering handing power to the Biden-Harris administration to raise the debt ceiling speaks to her failed leadership.

“Pelosi discussing giving authority to raise the debt ceiling to the Biden Treasury would be a total abdication of Congress’s Constitutional duties by the Democrat Party,” Korzeniewski exclusively told Breitbart News. “This would give substantial authority to the Executive Branch that it was never meant to” have due to “meddling unelected bureaucratic mandarins of the administrative state.”

Korzeniewski also said allowing the Treasury Department to raise the debt ceiling would remove the balance of power in the federal government.

Former Trump-era Treasury Department appointee Adam Korzeniewski said Wednesday that House Speaker Nancy Pelosi (D-CA) considering handing power to the Biden-Harris administration to raise the debt ceiling speaks to her failed leadership. (Adam Korzeniewski)

Adam Korzeniewski

“The Treasury Department is probably the single most powerful department of the U.S. Government already. Expanding its powers would enable an avalanche of progressivism and excess,” he said. “This would practically render Congress to merely approving spending for special interest groups and removing what little check on government power the American people have left.”

Korzeniewski added congressional Democrats are likely “throwing Biden” under the bus with a potential new responsibility because they suspect he will not run again in 2024.

“If Pelosi/DCCC expected a Biden Administration going into 2024, or holding the House/Senate in 2022, they would not be throwing him under the bus right now with such a terrifying idea of giving [Tresurary Secretary Janet] Yellen the debt ceiling limit,” Korzeniewski said. “They’re running with a ‘Blame Biden’ strategy,” which will “likely end in electoral defeats.”

Treasury secretary nominee Janet Yellen speaks after US President-elect Joe Biden announced his economic team at The Queen Theater in Wilmington, Delaware, on December 1, 2020. (Photo by Chandan KHANNA / AFP) (Photo by CHANDAN KHANNA/AFP via Getty Images)

Then-nominee for Treasury secretary Janet Yellen speaks after Joe Biden announced his economic team at the Queen Theater in Wilmington, Delaware, on December 1, 2020. (Chandan Khanna/AFP via Getty Images)

On Tuesday, Pelosi said she favors giving power to the Treasury secretary to raise the debt limit in December. “I do think it has merit,” she told reporters when asked about handing congressional authority to the executive branch to raise the debt ceiling.

According to Politico Playbook, Pelosi’s idea would allow the debt ceiling to be raised “while giving Congress the power to overrule the secretary should lawmakers” disagree with an administration. “Congress would, of course, need to pass a law that put in place such a scheme,” Punchbowl News explained.

Pelosi likely favors giving power away because under her leadership the debt ceiling will need to be raised again in early December. Eleven Republicans helped Senate Democrats raise the debt ceiling last week, but the bipartisanship was returned with partisan rhetoric by Sen. Chuck Schumer (D-NY) on the Senate floor.

(from L) US President Joe Biden, US Vice President Kamala Harris, US Senate Majority Leader Chuck Schumer, Democrat of New York, and House Speaker Nancy Pelosi, Democrat of California, arrive for an event on the American Rescue Plan in the Rose Garden of the White House in Washington, DC, on March 12, 2021. (Olivier Douliery/AFP via Getty Images)

(from L) President Joe Biden, Vice President Kamala Harris, Senate Majority Leader Chuck Schumer (D-NY), and House Speaker Nancy Pelosi (D-CA) arrive for an event on the American Rescue Plan in the Rose Garden of the White House in Washington, DC, on March 12, 2021. (Olivier Douliery/AFP via Getty Images)

After Schumer’s speech, which Sen. Joe Manchin (D-WV) called “fucking stupid,” a shouting match reportedly broke out on the Senate floor with Republicans condemning Schumer’s nasty comments.

Sen. Mitt Romney (R-UT) commented on Schumer’s speech, “there’s a time to be graceful and there’s a time to be combative, and that was the time for, for grace.”
Senate Minority Leader Mitch McConnell (R-KY) responded to the Senate drama by writing to President Biden that Schumer “poisoned the well” with “childish behavior.”

“Last night, Republicans filled the leadership vacuum that has troubled the Senate since January. I write to inform you that I will not provide such assistance again if your all-Democrat government drifts into another avoidable crisis,” McConnell wrote.

WASHINGTON, DC - OCTOBER 05: Senate Minority Leader Mitch McConnell (R-KY) addresses reporters following a weekly Republican policy luncheon as (L-R) Sen. Rick Scott (R-FL), Sen. John Barrasso (R-WY), Sen. John Thune (R-SD), and Sen. Joni Ernst (R-IA) look on in the U.S. Capitol on October 05, 2021 in Washington, DC. During their news conference McConnell reiterated his belief that the Senate should pass legislation to raise the federal debt-limit through reconciliation. (Photo by Anna Moneymaker/Getty Images)

Senate Minority Leader Mitch McConnell (R-KY) addresses reporters following a weekly Republican policy luncheon on October 05, 2021, in Washington, DC. (Anna Moneymaker/Getty Images)

“I will not be a party to any future effort to mitigate the consequences of Democratic mismanagement. Your lieutenants on Capitol Hill now have the time they claimed they lacked to address the debt ceiling through standalone reconciliation,” McConnell continued. “And all the tools to do it. They cannot invent another crisis and ask for my help.”

Follow Wendell Husebø on Twitter @WendellHusebø

.

Please let us know if you're having issues with commenting.