With everyone going on in the country, it’s easy to forget that our nation is teetering on the verge of defaulting on our loans. Joe Biden has burned through the debt ceiling twice in two years. And he is demanding Congress raise the limit, without any attempts at negotiating.
He’s got a problem, though. Nancy Pelosi’s no longer in charge of the House.
House Speaker Kevin McCarthy refuses to blindly give Joe a blank check. He has called on the White House to come to the negotiating table. But the DNC puppet, also known as “President” Biden has refused. McCarthy issued this warning to the American people.
From Business Insider:
“The longer President Biden waits to be sensible to find an agreement, the more likely it becomes that this administration will bumble into the first default in our nation’s history,” McCarthy said.
McCarthy claims that should America default, thanks to Joe, Social Security and Medicare would dry up. He refuses to let Biden worm out of negotiation. So, he’s vowed to bring a crucial vote to the House.
From NBC News:
Speaker Kevin McCarthy announced Monday that House Republicans will vote on their own debt ceiling bill to empower the U.S. to meet its obligations until 2024…
“In the coming weeks the House will vote on a bill to lift the debt ceiling into the next year, save taxpayers trillions of dollars, make us less dependent upon China, curb our high inflation — all without touching Social Security and Medicare…”
McCarthy plans on a vote that will allow the government to continue borrowing money until next year. But it will include cuts in federal spending and a cap on how fast the government can expand. This bill gives the country some breathing room, but it is far from finishing the job.
Because Biden refuses to work with Republicans (he hasn’t worked with Republican leaders once during his White House stay), a long-term bill cannot be crafted. Biden is simply a puppet for the socialists and lobbyists running the Democratic Party. He will not come to the table, because he’s not the one calling the shots.
McCarthy is trying to take matters into his own hands. But much more needs to be done. Republicans need to mount a united front to oppose Joe Biden, shutting down his crooked administration for good.
- Speaker McCarthy warned that Biden will force the U.S. to default, over the debt ceiling.
- That could lead to Social Security and Medicare drying up, with no money for citizens.
- The Speaker announced a GOP-led effort to cut spending into 2024.