Page 6 - Debt Increase News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Fiscal responsibility when kevin mccarthy says this is the absolute best they can do. army veteran and congressman the rise of gru from california joins us. thanks for joining us. first off, i understand the capacity of this. we just heard from both leaders in the house about the numbers or what we heard from the leader of the house about the numbers. are you going get this past. there is? >> yup, joey, we are. and i think people misunderstand destination versus direction. this bill takes us in a different direction than the president wanted to go. it does not have tax increases. it has regula...

Bill or actually it's just a debt increase that has these parameters in it. so what can you get out of it?ai you get a change in direction, but the destination is still a long way off. sof. i republicans understandtaa this as best as we cant ininuts the few minutes we have w essentiall ally, you have all ti money the government spends every year. the majority of it is tied up in what we cals inl mandatory spending, which means you don'tt get to debate it every year. it just keeps going. i you've to pass a bill to affectc medicare or other government or programs. so kevin mccarthy keeps saying1...

>> all of this does is spends a curve off of a pretty covid or a post-covid curve. right? instead of three covid level, we're not going up the post-covid curve and we are flattening it out basically three things. for two years for the $4 trillion debt increase. >> mike: glade spring in our panel. -- let's bring in our panel. and carefully straw so, a member of the editorial board at the wall street journal. so folks on the right and folks on the left seem unhappy with the deal. that sounds like a compromise. your thoughts? >> i think it is a compromise. chip roy is influential. ralph, whose so...

Others, giving it look as i said here, general, you got general, you got to break some grass in this town. we will move past this. we all have thick skin. i disagree. we came together and we are unified a month ago and we passed something that was meaningful. one and a half trillion dollar debt ceiling increase were very substantive changes to the physical direction of the country. we are barreling towards unlimited debt in this country. we are just barreling towards an infinite amount of debt. and we have got to stop that. the american people did not send me here to do what the defense establ...

Even if President Joe Biden and House Speaker Kevin McCarthy find a way out of the debt limit debacle, AEI's John Ferrari and Charles Rahr argue a compromise could be just that for America's military.