Posted on 02/03/2023 10:02:27 AM PST by SeekAndFind
WASHINGTON — There’s no Republican plan, let alone a bill, to resolve the debt ceiling problem. But some GOP lawmakers are floating one idea to include in a package: rescinding approved but unspent Covid relief funds.
Taking back the unused pandemic response money “certainly could” be in a debt ceiling measure to avert default, Rep. Tom Cole, R-Okla., the chair of the powerful Rules Committee, said.
“I would hope we look at that,” Cole said. “It’s something that ought to be on the table.”
Rep Mike Kelly, R-Pa., who sits on the Ways and Means Committee that oversees taxes and large portions of the U.S. budget, said he’s open to it. It would be “insane” for Congress not to look at options to cut red ink by nixing unnecessary spending, Kelly said.
“There’s areas that we should not be spending and where we could actually either reposition or just not spend it, and then bring down our debt,” he said.
“We can make cuts that don’t hurt people,” Kelly added.
The idea isn't yet ready for prime time in the GOP-run House, the Democratic-controlled Senate or the White House. But it is the most specific Republicans have gotten in terms of what they'd like to attach to a debt limit hike, a question that GOP lawmakers have been notably vague on, even as they demand spending cuts as a concession to pay the country's bills. The Treasury Department has set a June 5 deadline for Congress to act or breach the debt limit.
House Republican aides point to government estimates showing $4.61 trillion has been authorized in Covid-19 spending, but $4.12 trillion has been spent. That leaves nearly $500 billion in unspent funds, although a portion of that has been “obligated” to certain pots of money
(Excerpt) Read more at news.yahoo.com ...
Republican plan to solve the debt problem is......?
Schweikert was targeted by the Uber-Left here in Scottsdale.
They ran a nobody fake Republican against him in the primary saying he was a crook.
Then when he won the primary, the left used almost identical ads against him.
He nearly lost.
What do you think is funding all the SJW, CRT and Tranny nonsense.
Cut spending by 5%.
If you are the 118th GOP Congress, you make a show of turning off the illegal spigot. "No vengas aquí. Inmediatamente serás encarcelado y posiblemente ejecutado."
And then you proceed to impeach Biden, and you explain it in Nancy-speak: "We have to Impeach Biden, to find out what's in the Impeachment."
As far as I can see Republicans aren’t doing jack, as expected.
Which Republican has proposed this?
McCarthy
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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