U.S. Rep. Vern Buchanan, R-Sarasota, was on cable news Friday morning announcing his plans to introduce legislation to suspend the $2 billion a year the U.S. spends in aid to Egypt in protest of Mohamed Morsi’s apparent power-grab.

He added that with the U.S. on the brink of its own “fiscal cliff” the nation needs to reassess all $52 billion a year spent in foreign aid.

“I think we should be speaking up,” Buchanan said on Fox News’s “Fox and Friends.” “This is clearly a power grab, that’s why people are in the street and that’s why I will call for legislation that we freeze the foreign aid until [Egyptian President Mohammed Morsi] gets back on a [path] that makes sense.”

Buchanan later went on MSNBC’s Morning Joe to continue his call.

“We’re going bankrupt if we don’t figure out how to do this in a big way,” said Buchanan. “I know how this works after being in business for over 30 years. At the end of the day, you get in the room and don’t leave until it’s done.”