Posted on 04/16/2023 7:36:56 AM PDT by CFW
House Speaker Kevin McCarthy is set to propose next week a 1-year debt limit extension tied to spending concessions from President Biden and the Democrats.
According to a source familiar with the ongoing negotiations, concessions extracted in exchange for a debt limit increase would yield approximately $4 trillion in savings for taxpayers over a 10-year period.
The spending reforms sought by the House GOP include recovering unspent COVID stimulus funds, capping domestic spending at FY2022 levels and only allowing it to grow 1% over the next 10 years as well as enforcing a work requirement for recipients of Medicaid who are under 60 years of age and do not have children.
(Excerpt) Read more at justthenews.com ...
Sell-out or surrender, but McCarthy is now working for Biden and the Democrats. He should have held a line on no new spending, no higher limit. He should have forced the government to reduce spending by getting rid of non-essential programs. Start with NPR and PBS, even though they are pennies in the overall budget.
Start with pay cuts for the President, all Congressmen, and their staff in 2033.
Include all executives in the executive branch, including the military and independent agencies, in the haircut. This would be a pay cut based on performance, or the lack of performance.
If our Federal Government can't find enough fat in existing programs, and can't curb their appetite for spending other people's money, then make their lack of imagination painful for them.
No. Not one more nickel.
L
McCarthy has a 5 seat margin in one of three branches of government. That isn’t a mandate by any means.
“...over a 10-year period.”
In other words, we are going to cave to Biden. How many times have we seen this? The real story is McCarthy is so incompetent he can’t even figure out another fake.
When are you going to release all of the J6 videos like you promised, Kev?
Reminds me of Charlie Brown and Lucy and the football.
A one year extension puts them right n the middle of the 2024 election and you know they will not let the government closed down in an election year.
Let’s face it, both parties are to blame for out of control spending.
“...absent changes that extend the life of Social Security and Medicare, total spending will be cut to 74 per cent of existing spending.”
Nobody’s going to do nothing, until we get to the situation France is in right now, where they have to just raise the retirement age in order to avoid a steep benefit cut.
Though, the current inflation may actually help push the date back a little bit. After all, the SS inflation increases are tied to the CPI, but the CPI underestimates inflation. So every year that Bidenflation continues, we are essentially getting backdoor rate cuts without any legislative action at all.
As we have seen for decades, “ceilings” mean nothing in DC. New spending proposals should be accompanied by a plan on how the spending will be financed...either a new tax or funds transfers to the new program from some old program. That might force politicians to realize that they can’t have everything. Of course, it will never happen...
Maybe McCarthy thinks because Reagan cut a tax and spend deal with Democrats in the 1980’s it’s a good idea but the Democrats never kept their end of the bargain back then.
McCarthy trying to look good when he looks bad.
But as long as Trump gives his blessing to McCarthy we’re fornicated.
If you think that's actually going to happen, you are not a serious person.
Speaking of “ concessions “, how about a full audit of U.S. dollars being flushed down the toilet in Ukraine.
Yep.$33 trillion is soon to be $50 trillion.
Then the world stops using the dollar as the reserve currency (underway now), all that money overseas comes flooding back to the USA, and total economic disaster occurs. All your savings become worthless.
Someone remind me again of what Frank Luntz’s roommate was saying about those 87,000 IRS agents back in January.
Nothing changes till the cash flow stops. It has happened to a major world power in our lifetime.
Trump endorsed him, so this must be Winning!
A warning when they say “spending reforms.” Total bullsh*t.
Who among us can recall the "10-year" hsit that was being legislated in 2013?
As predicted, spineless gomers of politics cave in to their liberal bosom buddies.
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