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So-called, loan limit The deal negotiated by President Biden and House Speaker Kevin McCarthy fails to address America’s addiction to out-of-control spending.
As we stare into the once-unthinkable barrel of $32 trillion in national debt, our leaders must urgently raise new debt to the very people they have to fight for. I am trying to do. No one in Washington is elected to postpone a difficult decision to another day and abdicate responsibility, but this proposal does just that.
Kentucky Republican Rep. Thomas Massey voted on the Rules Committee to push the bill to the House floor, which would ultimately prove to be a mistake. Massey’s important seventh vote on the deal included language he promoted that would encourage more abuse of the spending process by members of Congress if the appropriations bill was again not passed in time. because they think it will be difficult. Massey’s idea is well-meaning, but the idea that Washington’s Unionist Party will not find a loophole is naive.
Debt ceiling agreement reached in principle between Democrats and Republicans
Recent polls clearly show that the American public supports plans to raise the debt ceiling only when legal spending cuts are accompanied. House Republicans put President Biden on the defensive with a common-sense conservative message, but the White House proved impossible to defeat.
Hardworking taxpayers know it is irresponsible to continue spending $2 trillion more a year than they did before the pandemic began.
After months of refusal to negotiate, with the one-two punch of fiscal responsibility and a return to normalcy following the COVID-19 pandemic resonating deeply, Mr. Biden finally made it to the table. I realized that if I didn’t get there, I would be held accountable for defaulting on my obligations.
Hardworking taxpayers know it is irresponsible to continue spending $2 trillion more a year than they did before the pandemic began.
In April, House Republicans passed a reasonable bill that addresses: our national debt crisis With the urgency it deserves. The government has admitted that Washington has spending problems and that the broken status quo is no longer acceptable. The Limit, Save, and Grow Act made specific spending cuts banning fake smoke and cut mirrors, and created real work requirements for welfare recipients.
Changing the way Washington does business is what it takes to change the current trajectory of financial ruin, nothing more, nothing less. When career politicians on the left find themselves in the cookie jar once again, Congressional Republicans have responded to the call.
Fox News Poll: Majority Will Raise Debt Ceiling Only to Cut Spending
The Republican-passed bill will properly recoup unused COVID-19 funds, end unfair student loan incentives, cut the $80 billion Biden is asking for more IRS employees, It has allowed the debt ceiling to be raised only until March 2024. So voters can get another voice in the future. Federal spending decisions will be made in the heat of next year’s presidential election.
A family with a lot of debt will settle the problem slowly rather than solving it again.Americans are fed up with tone-deaf politicians in Washington D.C.
Meanwhile, the quagmire deal negotiated between Biden and McCarthy resembles a typical Washington backroom deal, and is nearly identical. And when you look at how dire our financial situation is, we can see that we’re just utterly unprepared for it. A family with a lot of debt will settle the problem slowly rather than solving it again.Americans are fed up with tone-deaf politicians in Washington D.C.
The first problem with the deal is that the next debt debate will be postponed until after the January 2025 presidential election. This makes no sense at all.
Republicans need to put federal spending on the table during the 2024 presidential election, and this flawed deal keeps the issue off the agenda. I don’t understand why Republican lawmakers would support a bill that would impose such a pile on the next Republican president right after he takes office.
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The Biden-McCarthy bill also ridicules what most people consider meaningful spending cuts, recovering only a fraction of the unspent coronavirus funds. The fact that the bill won’t make back a single cent of the money it was meant to fight COVID-19 tells you all there is to know about the wisdom of this proposal.
Additionally, Speaker of the House McCarthy’s negotiators, Rep. Patrick McHenry and Rep. Garrett Graves, have also bowed to the White House over unconstitutional student loan programs, anti-inflation law robberies, and government policy. New battalion of new IRS personnel. As for the concept of actual fiscal reform, adding $4 trillion to the nation’s debt with little return in the form of spending cuts simply does not pass the stinky test and should be rejected.
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Even in this highly partisan atmosphere, Americans from all walks of life, with 79% of Republicans, 58% of independents, and 45% of Democrats agreeing that real spending cuts were appropriate in exchange for raising the debt ceiling. I agree. It is therefore difficult to understand why the McCarthy team did not demand more at this time when they clearly have the American public on their side.
The good news is that this does not mean a deal has been reached. Treasury Secretary Janet Yellen I changed the default date once, so change it again if needed.
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So there is still time to get the negotiators back to the table, move the national debt in the right direction, and offer the American people something that makes a difference.
Let’s get this right. Just once.
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