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McCarthy on Debt Ceiling: ‘We’re Not Going to Default’
Breitbart ^ | 01/29/2023 | Pam Key

Posted on 01/29/2023 10:23:20 AM PST by ChicagoConservative27

House Speaker Kevin McCarthy (R-CA) said Sunday on CBS’s “Face the Nation” that “there will not be a default” while discussing raising the federal debt ceiling while controlling government spending.

Partial transcript as follows:

MARGARET BRENNAN: I want to get to some of the top agenda items. You have accepted an invitation to meet with President Biden. When will that happen, and what offer will you put on the table?

MCCARTHY: Well, we’re going to meet this Wednesday. I know the President said he didn’t want to have any discussions, but I think it’s very important that our whole government is designed to find compromise. I want to find a reasonable and a responsible way that we can lift the debt ceiling, but take control of this runaway spending. I mean, if you look at the last four years, the Democrats have increased spending by 30%, $400 billion. We’re at a 120% of GDP. We haven’t been in this place to debt since World War Two. So we can’t continue down this path. And I don’t think there’s anyone in America who doesn’t agree that there’s some wasteful Washington spending that we can eliminate. So, I want to sit down together, work out an agreement that we can move forward, to put us on a path to balance- at the same time, not put any- any of our debt in jeopardy at the same time.

(Excerpt) Read more at breitbart.com ...


TOPICS: Culture/Society; Editorial; Government; Politics/Elections; US: California; Your Opinion/Questions
KEYWORDS: ceiling; debt; default; mccarthy
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To: norwaypinesavage

Especially chapters 7. 11, and 13


21 posted on 01/29/2023 12:38:46 PM PST by PatriotarchyQ
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To: elpadre
The data are easy to digest, especially page 121, the 2023 column.

Receipts of $4.5T. Mandatory outlays of $3.5T, excluding $396B in net interest payments.

The government can certainly find a way to shrink its bloat by $396 billion.

22 posted on 01/29/2023 12:41:49 PM PST by DoodleBob ( Gravity’s waiting period is about 9.8 m/s²)
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To: ChicagoConservative27

Well of course we’re going to default at some point. Just not this month. 😏


23 posted on 01/29/2023 12:48:37 PM PST by Georgia Girl 2 (The only purpose of a pistol is to fight your way back to the rifle you should never have dropped)
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To: ChicagoConservative27

This BS again?

Since when does not incurring MORE debt = defaulting on your current debt.


24 posted on 01/29/2023 12:53:29 PM PST by Jotmo (Whoever said, "The pen is mightier than the sword." has clearly never been stabbed to death.)
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To: ChicagoConservative27

The US will eventually default when no one will buy our debt anymore. That is when the meltdown happens.


25 posted on 01/29/2023 12:58:25 PM PST by joma89 (Buy weapons and ammo, folks, and have the will to use them.)
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To: ChicagoConservative27
Just proves one of my reservations about him - the sloppy communication. Knowing that you are going to be quoted on this - why use language owning this as the GOP? Why not say "I am confident that the United States government will not default." He plays right into the Democrats plan to make the GOP the scapegoat in this.
26 posted on 01/29/2023 12:58:37 PM PST by Wally_Kalbacken
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To: Celerity

“ ” I know the President said he didn’t want to have any discussions, “

WTF?!”

Remember, he said it on CBS where that statement is heard by many libs. It’s a throwaway line with no downside.


27 posted on 01/29/2023 1:20:30 PM PST by EQAndyBuzz (“Racist” is the new “Nazi”.)
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To: ChicagoConservative27

But Biden/Schumer aren’t backing down. Bear in mind Republicans will blamed. Just ask Chuck Todd, Joy Behar, Whoopi, Joy Reid and the other Communists in the media.


28 posted on 01/29/2023 1:24:23 PM PST by Kaiser8408a (z)
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To: oldbill

The U.S. has added $7 trillion since March 2020

It took 215 years for total U.S. debt to reach $7 trillion
heritage.org


29 posted on 01/29/2023 1:27:16 PM PST by minnesota_bound (Need more money to buy everything now)
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To: ChicagoConservative27

You know the Republican Party is worthless when a demented old fascist like Biden will rub their noses in it, give them nothing and make them bend over for him.


30 posted on 01/29/2023 1:29:44 PM PST by Scott from the Left Coast (Make Orwell Fiction Again)
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To: Celerity
” I know the President said he didn’t want to have any discussions, “ ... WTF?!

He knows the Republicans will cave and agree to a few more zillion dollars in spending.

31 posted on 01/29/2023 2:32:30 PM PST by libertylover (Our biggest problem, by far, is that almost all of big media is AGENDA-DRIVEN, not-truth driven.)
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To: ChicagoConservative27

Democrats and media still working the fib scam with debt default Medicare and social security crumbling next they will be pimping your pets are a risk be being removed............

No limit of how low they can go


32 posted on 01/29/2023 2:43:09 PM PST by Vaduz (LAWYERS )
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To: ChicagoConservative27

“,,,controlling government spending...”

Oxymoron; never going to happen.


33 posted on 01/29/2023 4:27:23 PM PST by Carriage Hill (A society grows great when old men plant trees, in whose shade they know they will never sit.)
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The Debt Ceiling Battle of the Ages

Russ Vought: America’s Woke And Weaponized Government Is Out Of Control, Republicans Must Take Control With Debt Limit Leverage

https://rumble.com/v28ryx0-russ-vought-americas-woke-and-weaponized-government-is-out-of-control.html

Republican’s Mighty 20 Changed GOP Leadership Forever “Leadership Is No Longer Playing To Lose”

https://rumble.com/v28s160-republicans-mighty-20-changed-gop-leadership-forever-leadership-is-no-longe.html


34 posted on 02/08/2023 3:10:40 PM PST by Texan4Life
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