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When the House passed a bill to raise the debt ceiling on Wednesday night, Republican leaders made a pledge: The legislation was just a “down payment” on reining in the federal budget.
A success. we called lbj the master of the senate, but i tip my hat to president biden. what he has done is through a series of very, very clever really accounting maneuvers and given mccarthy what looks like something and what his party has largely voted for x at the right flank. but if you actually look at what he gave up here, it's remarkably little. on paper it looks like a lot, but we got two years and just two of spending caps, and let me be clear that's not spending caps on the entire federal government. they say two thirds of the federal government spending is mandatory spending. none ...
Promoting. are you concerned about what would _ promoting. are you concerned about what would have - promoting. are you concerned i about what would have happened if there was no—deal that passed through the house, indeed the treasury secretary has warned that there is going to be a catastrophic economic collapse if there is no agreement in place to raise the debt ceiling. agreement in place to raise the debt ceiling-— debt ceiling. first of of the treasury — debt ceiling. first of of the treasury secretary - debt ceiling. first of of the treasury secretary is i debt ceiling. first of of...
In this case, because this bill goesin in this case, because this bill goes in the wrong direction. what is the mistake you think the speaker of the house kevin mccarthy made? he the speaker of the house kevin mccarthy made?— mccarthy made? he made the fundamental _ mccarthy made? he made the fundamental mistake - mccarthy made? he made the fundamental mistake of - fundamental mistake of misreading the american people and thinking that having $5 trillion more national debt was acceptable. that is not acceptable. that is not acceptable. we need spending caps. we need to make sure the biden ad...
$10 trillion. this bill puts spending caps in place. this bill puts work requirements that will address the labor shortage. this bill rescinds covid dollars. steps in the right direction. is it perfect, no. i hope my colleagues will go on the side of conservetism. i think all republican members of the ways and means committee will be supporting this. however, you know, you are looking at the freedom caucus less than 40 members in the entire conference. this is a bipartisan agreement. there should be republicans and democrats that will vote for the final passage of the bill. why you negotiate w...