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 ...
Especially chapters 7. 11, and 13
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.
Well of course we’re going to default at some point. Just not this month. 😏
This BS again?
Since when does not incurring MORE debt = defaulting on your current debt.
The US will eventually default when no one will buy our debt anymore. That is when the meltdown happens.
“ ” 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.
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.
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
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.
He knows the Republicans will cave and agree to a few more zillion dollars in spending.
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
“,,,controlling government spending...”
Oxymoron; never going to happen.
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
Republican’s Mighty 20 Changed GOP Leadership Forever “Leadership Is No Longer Playing To Lose”
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