House GOP’s long-awaited debt limit bill features $1.5T increase

The Hill ^ | 04/19/2023 | EMILY BROOKS AND ARIS FOLLEY

[ChicagoConservative27]

House Republicans’ go-it-alone debt limit bill would pair a $1.5 trillion increase in the debt ceiling expected to last into next year with $4.5 trillion in savings, Speaker Kevin McCarthy (R-Calif.) said Wednesday.

The bill unveiled Wednesday, dubbed the Limit, Save, Grow Act, proposes reverting discretionary spending for non-defense programs to fiscal year 2022 levels, while proposing limiting growth to 1 percent annually over the next decade.

It will raise the debt limit by $1.5 trillion or through March 31, 2024, whichever comes first, McCarthy told reporters.

[ChicagoConservative27]

Trillion increase????????????????

[Mr. N. Wolfe]

LOL

[patriotspride]

Only in Washington would you declare limiting something, while raising it...

[cowboyusa]

😡😡🤬

[dware]

Non-starter from the beginning. Go back to pre-pandemic levels or bust. Simple as that.

[Brilliant]

As long as they get a freeze in spending I’m good with it.

[ro_dreaming]

Hey, we only spent $1.5 Trillion instead of $6 Trillion! We’re SAVING you $4.5 Trillion!

[Tench_Coxe]

The Price Is Right

[Right Brother]

If your landlord raises your rent by $500, then lowers it by $100 the following month, you didn’t get a $100 rent reduction, you got a $400 increase.

[Republican in occupied CA]

Politics is the art of the possible.

One would have to be pretty dumb to expect spending to actually be *CUT* (not to *want* it to be cut, but to actually think that was going to happen).

[Blue Highway]

And McCarthy thinks he is being responsible with a

$1.5 TRILLION increase????

Recall this clown. Get Jim Jordan in there instead of Frank "bad rug" Luntz's secret roomate/gay boyfriend.

[4Liberty]

Is this a debt ceiling -- or a floor?

[Blue Highway]

Yeah that’s the traditional liberal logic.

[Blue Highway]

If your landlord raises your rent by $500, then lowers it by $100 the following month, you didn’t get a $100 rent reduction, you got a $400 increase.

Correct, and bears repeating here.

[Carriage Hill]

The GOPe is pathetic.

[JSM_Liberty]

A trillion here a trillion there pretty soon you’re talking real money

[Mr. N. Wolfe]

U.S. Clock:

https://usdebtclock.org

[MtnClimber]

There should be a way to make leftists pay for all of this because they are the only ones who support all of this.

[ro_dreaming]

Not just liberal logic, apparently.

We’re doomed as a nation.

[Salman]

This is the Republican "compromise".

Still think we can vote our way out?