Skip to comments.It Would Appear Kevin McCarthy Somehow Did Worse Than Doing Nothing at All on the Debt Ceiling
Posted on 05/29/2023 9:52:03 PM PDT by SeekAndFind
I am not entirely sure how it was possible, but it appears that Kevin McCarthy was able to find a deal that may, in fact, be worse than a clean debt ceiling increase. But based on feedback from conservatives in Congress and activists from around the country, that appears to be what we have.
In previous writings, I contended that, as long as Republicans didn’t snatch defeat from the jaws of victory, any deal would be a win and progressives acted as though this was the case. But McCarthy, true to form for Republican leadership, seems to have done exactly that with the bill that has come out.
The text of the bill, which was released last night, confirms that spending is frozen at Fiscal Year 2022 levels, but there doesn’t appear to be a dollar limit to the debt ceiling increase that comes along with that. Conservatives are upset about this fact, as well as just how little the White House ultimately had to give up in exchange for the increase.
What’s more, McCarthy is doubling-down in the face of this criticism.
Some of the things Republicans called for, like expanded work requirements for SNAP benefits, did make it into the bills. It also clawed back unspent COVID-19 relief funds. But those savings pale in comparison to the one percent non-military spending increase allowed next year, much less other problematic spending initiatives like the green subsidies in the (so-called) Inflation Reduction Act.
Congressman Chip Roy is at the forefront of the criticism, though he’s certainly not the only one with complaints about the deal.
I wish that were true. $4 Trillion for keeping (effectively) bloated 2023 spending levels & maintenance of the Democrats’ wish list – crony IRA unreliable energy subsidies stay, IRS expansion 98% stays, work requirements weak and don’t apply to Medicaid… https://t.co/f3i4fTlWRs
— Chip Roy (@chiproytx) May 28, 2023
It is quite telling that McCarthy’s initial tweet touting the deal got the Community Notes treatment on Twitter. As it notes, this debt limit deal doesn’t cut spending, it just limits how fast spending grows. What’s more, there are reports that every Democrat in the House – including the Progressive Caucus – is ready to vote for the deal, which should be a pretty clear sign McCarthy got rolled.
Others had similar complaints about the deal, including Senate Republicans.
With Republicans like these, who needs Democrats? https://t.co/EFpSkh2N8q
— Mike Lee (@BasedMikeLee) May 28, 2023
He’s right. There’s not “one thing” for Dems.
There are $4 trillion things—a blank check—for Democrats.
Plus 87,000 things: new IRS agents to harass Americans.
All in exchange for eliminating virtually ALL of the House’s spending cuts. 🤦♂️ https://t.co/7OnaHFePeW
— Ted Cruz (@tedcruz) May 28, 2023
I have been on the record as saying that by getting the Democrats to the table in the first place, Republicans had won. It was just a matter of how much they won. But McCarthy has managed to do something extraordinary. He took a winning position and turned it into a full retreat on the issues that matter most.
Getting work requirements for social welfare is all fine and dandy, but you know what would make the amount we’re spending on that social welfare a considerably smaller problem? Meaningful cuts in spending from literally anywhere else. Not freezing spending. Actual cuts. A deal that increases the federal debt by $4 trillion isn’t a deal at all. It’s a poke in the eye to the people McCarthy promised he would give a seat at the table.
Biden and the White House were in a losing position. The polling was clearly against them, and it was shaping up to be a massive win for Republicans heading into an election year. Instead, what McCarthy brought back was a deal that makes the White House look good, and any opposition from the Republicans in the House ends up making them look worse. How on earth do you look at the playing field, see a win, and decide to retreat?
You don’t, unless you’re really all in favor of big spending and you just wanted to be the leader of the party so you could have the power and influence of a leader without doing anything meaningful.
This is extremely embarrassing and, yet, completely on-brand.
Can’t really blame McCarthy....
We knew all along he would do this.
So did all of our RINO republican representatives.
No... we can’t blame McCarthy.
It’s everyone who voted for him as speaker.
That’s who to blame.
Chip Roy for Speaker!
Trump: McCarhty will be a great Speaker.”
I think this article is wrong on the 2022 levels.
McCarthy said on TV that he’s letting Govt grow, but slowing it down.
So we are still going to waste all that money on an army of 87,000 IRS agents busting my balls for the governments cut of that $600 in cash I put into my checking account so the DemoMarxists will have more money to spend on illegals and middle eastern terror groups. McRINO couldn’t even get rid of that!! How the hell can you NOT make a deal with a dementia patient???
Trump's got a 100% success rate on picking people. /s
Just take a look at the tax rates of 1978 Britain:
below £750 - rate of 25 per cent,
otherwise below £7,000 - basic rate of 34 per cent
The next £1,000 40 per cent.
The next £1,000 45 per cent.
The next £1,000 50 per cent.
The next £1,500 55 per cent.
The next £1,500 60 per cent.
The next £2,000 65 per cent.
The next £2,500 70 per cent.
The next £5,500 75 per cent.
The remainder 83 per cent.
That £7,000 is about $100,000 in 2023 money. The 55% bracket kicked in at about $140,000 in 2023 money.
There’s a reason why Joe wants ~80,000 more IRS people, the tax rates are going to go so high that millions of Americans will try to illegally avoid getting fleeced.
Here’s the line you’re supposed to believe.
Those agents and investigators are only going after people with Net Worth’s of $4 to $12 Million
Why have $600 Reporting mandates then?
Which is just a made up Democrat talking point. There are no restrictions and if everything else stays the same, they’ll be no oversight because they don’t recognize Congress has that function (ask Chris Wray).
Nancy has a $50,000 Refrigerator and your bank is supposed to report $600 payments from EBay?
“there doesn’t appear to be a dollar limit to the debt ceiling increase”
Fannie Mae [share price 46 cents apparently], Freddie Mac and the FDIC may together need up to a trillion dollars to bail them out.
McCarthy needs to be a ‘very good’ RINO because the Democratic Party in California has:
few viable political opponents
the largest state party funding base in the US.
Then vacate the Chair and make Vyron Donald’s Speaker.
Loser is spelled “Reno89519”.
I’ll say it again: why even go through the charade of setting a “debt ceiling” that can always be raised, when the problem is profligate spending? Why do voters consistently vote for politicians that just plain suck?
Really, cause it seems that Trump’s pick McCarthy just gave us an epic loss. I
He never should have fired Bannon, and hired Globalist, after Globalist.
Agreed. Trump can’t pick his nose right.
McCarthy’s days as speaker are likely numbered.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.