Author Topic: Debt: House Passes GOP’s Spending Cuts, Sending Bill to Dem Senate  (Read 197 times)

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Offline Eupher

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...where it will surely die.

SharterJoe didn't even need to open his mouth, but decided to anyway and reveal once again his arrogance.

This was McCarthy's hill to die on, and he narrowly avoided a failure. I was unable to find a reason why Gaetz and the 3 other GOPers voted No, other than they really want to shut down the government, which isn't a shutdown anyway. They shut down monuments like the WWII memorial and other public venues just to stick a finger in the eye of the American people and always, always, always, the legacy media blames the GOP for refusing to borrow more money.

That said, I find myself agreeing with McCarthy - this time. You have to start somewhere and by passing CRs and omnibus bills that nobody reads is irresponsible, as is allowing a default.

Quote
House Republicans passed a bill package Wednesday to raise the debt limit through early next year while deeply reducing government spending, setting up a contentious standoff with Democrats as the bill heads to the Senate.

The legislation, called the Limit, Save, Grow Act of 2023, passed 217 to 215 with no Democrat support. Reps. Andy Biggs (R-AZ), Matt Gaetz (R-FL), Tim Burchett (R-KY), and Ken Buck (R-CO) defected.

The passage is a victory for House Speaker Kevin McCarthy (R-CA), who touts the bill as a negotiating tool that forces President Joe Biden and Senate Majority Leader Chuck Schumer (D-NY) into talks with him on spending cuts in exchange for a debt limit increase.

“We cannot sit back and ignore the problem like the president has,” McCarthy said. “We want to sit down. We want to work together, and that’s exactly what this bill does, to put us in an ability to negotiate.”

The bill comes in response to the U.S. approaching its debt ceiling as early as this summer. Treasury Secretary Janet Yellen has warned of “economic catastrophe” if Congress and Biden do not move to suspend or increase the nation’s borrowing limit.

Biden and Schumer have been angling for a “clean” debt ceiling hike, meaning they want to raise it without the spending reductions House Republicans are aiming for.

https://www.breitbart.com/politics/2023/04/26/debt-standoff-house-passes-gops-spending-cuts-package-sending-bill-to-democrat-led-senate/
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