Executive
Debt ceiling deal reached
House Speaker Kevin McCarthy announced a deal with President Biden on the debt ceiling – but many consider it a Faustian bargain.
Rep Kevin McCarthy (R-Calif.), Speaker of the House, announced an agreement with President Joe Biden on the national debt ceiling.
Debt ceiling deal pleases no one
Rep. McCarthy posted to Twitter that he and Biden had reached an “agreement in principle” last night (May 27).
He did speak to the people at 9:10 p.m. EDT as he promisesd. Kevin Tober of NewsBusters posted a clip:
The Gateway Pundit shared more tweets:
The Thursday vote schedule follows the Seventy-two Hour Rule, according to which Members must have at least seventy-two hours to vote on any legislation. To complicate matters, the bill is not written at time of posting.
One potential problem emerged: the Democrats proposed a $4 trillion rise in the debt ceiling. They didn’t get that, but they did get a date certain for another negotiation: 1 January 2025. Until then, technically, the national debt is unlimited – that is, without a ceiling.
Rep. Matt Rosendale (R-Mont.) reacted angrily to the deal, calling it a “disaster.”
Senator Lindsey Graham (R-S.C.) likewise called it a “joke.”
According to Lauren Sforza of The Hill, his main objection was to the Biden administration’s proposed defense budget.
Senator Rand Paul (R-Ky.) accused McCarthy of selling out conservatives on the debt ceiling.
Rep. Chip Roy (R-Texas) gave further details – and he, too, indicated this did not please him. He is very much afraid the national debt will rise another $4 trillion between now and 1 January 2025.
Ed Krassenstein shared this long-form tweet:
More statements
Rep. Roy dropped another thread, saying Democrats came out far better than some Republicans care to admit:
Many users, reacting to this news, recalled their opposition to McCarthy taking over as Speaker after Midterms. Indeed, other user was angry enough to call for the Motion to Vacate the Chair.
Journalist (and Congressional candidate) Laura Loomer made this dire prediction:
Terry A. Hurlbut has been a student of politics, philosophy, and science for more than 35 years. He is a graduate of Yale College and has served as a physician-level laboratory administrator in a 250-bed community hospital. He also is a serious student of the Bible, is conversant in its two primary original languages, and has followed the creation-science movement closely since 1993.
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The House of Representatives should follow Article 1 Section 7 Paragraph 1 and create a budget that only allows spending to a certain level. All of the unconstitutional specific Welfare spending needs to be eliminated. The result would be no debt increase and we could start reducing the debt. The core issue is unconstitutional spending.