With literally seconds left on the clock, it looks as if House Majority Leader Kevin McCarthy has secured a deal to raise the debt ceiling. Joe Biden demanded Congress to give him a bill with zero cuts. Republicans refused, pushing back on Joe’s reckless spending agenda.
Guess who won the day?
Kevin McCarthy was able to craft a compromised bill that will raise the debt ceiling but provide limits to Biden’s runaway socialist agenda. The language of the bill promises cuts to Biden’s spending plans. But perhaps the biggest victory will have Democrats beside themselves with rage.
Speaker McCarthy announced success here, including stopping new tax proposals, slashing spending, and cutting some of the massive $80 billion that the Inflation Reduction Act had promised in new funding to the IRS. There are even new work requirements being added for welfare recipients, as Speaker McCarthy explained in a news conference…
Numerous one-liners about the coming army of 87,000 new IRS agents have resurfaced, with some conservative Republicans calling on McCarthy To block their hiring. Faced with the necessity of compromising with the White House, Speaker McCarthy has said that his deal would prevent more than $1 billion from being “wasted on hiring Biden’s new army of IRS agents.” [Source: Forbes]
McCarthy’s new bill takes $21 billion from the IRS, and will prevent the agency from hiring Biden’s 87,000 new hatchet men. This is a huge blow to the Democrats’ plans to nickel and dime every last American.
But time is running out and it doesn’t seem as if Democrats have much of a choice. Now, they are calling on their own party to vote yes on this bill.
Some Democrat leaders have acknowledged some of the losses in the debt ceiling negotiations and have urged their fellow members to vote “yes” anyway…
“Despite these setbacks, we must save the American economy from Republicans’ irresponsible and radical plans to impose a damaging default. The failure to do so would have catastrophic impacts on every American, every family, and the global economy,” Hoyer reportedly said. [Source: Breitbart]
Lol, Democrats are complaining about the many cuts in this spending bill. But if they vote “No,” they will be dooming the United States to a major economic recession. McCarthy and Biden staffers worked out this deal.
That means, Joe Biden will sign it, when it reaches his desk. The only thing stopping this deal from going through would be Democrats throwing a hissy fit. How is that going to look to the American public, just a year before the next election?
McCarthy wasn’t able to get every demand made by Republicans. But the changes he did get, including work requirements for Welfare, are major victories for the country. Joe Biden lost. He didn’t get his “clean” debt ceiling bill.
And Americans might be saved from death by taxation.
Author: Bo Dogan