McCarthy Warns Biden Could 'Bumble' Into First Default In US History https://t.co/ztlzzchuDM
— zerohedge (@zerohedge) April 17, 2023
MCCARTHY: "We are now $31T in debt. That's more than the entire economy of America, 20% more…That is unsustainable!" pic.twitter.com/AZCho9S3QH
— Townhall.com (@townhallcom) April 17, 2023
House Speaker Kevin McCarthy addresses the debt limit cliff at the New York Stock Exchange:
“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.” pic.twitter.com/pgdmpMTuc4
— The Recount (@therecount) April 17, 2023
House Speaker Kevin McCarthy (R-CA) announced Monday that House Republicans are on course to pass their own debt ceiling bill which would allow the United States to meet its obligations until 2024.
“Since the president continues to hide, House Republicans will take action. So here’s our plan: 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,” said McCarthy during a speech at the New York Stock Exchange.
And while he didn’t offer specifics, McCarthy slammed Democrats over open-checkbook policies, while refusing to negotiate policy conditions for extending the debt limit.
https://www.zerohedge.com/political/mccarthy-warns-biden-could-bumble-first-default-us-history