“Listen up, President Biden. It’s time to face facts. We’ve got a debt problem and it’s not getting any better. Time to get off your high horse and sit down with the Republicans, because we’re ready to make America stronger,” says House Speaker Kevin McCarthy, basically.
(That is not a direct quote, but like, he didn’t NOT.)
Ahead of the State of the Union address, the Speaker is calling on Biden to negotiate a compromise that cuts federal spending and get Congress to move towards a balanced budget so future generations won’t have to deal with the absolute mess created by this administration.
As it stands now, the government is on pace to spend $8 trillion just on interest for the national debt, which is more than the entire federal budget has been in previous years.
All that spending will drive inflation up even higher.
McCarthy said, “It’s time to return to the basic truth that debt matters.”
“A responsible debt limit increase that begins to eliminate wasteful Washington spending and puts us on a path towards a balanced budget is not only the right place to start… It’s the only place to start,” he said.
McCarthy said the nation watched as Democrats ramped up trillions of dollars in new spending, but asked, “does that sound responsible to you?”
“We must return Washington to a basic truth: debt matters,” McCarthy said.
“The choice is clear.”
“We can have reckless spending, or we can have responsibility, but we can’t have both. We can leave our children a future with higher inflation, higher interest rates, and crushing debt, or we can leave them free to pursue happiness as God intended.”
The Speaker also seems open to negotiation. He’s encouraging Biden to reach out, rather than drawing “lines in the sand.”
Biden has not responded to McCarthy’s prebuttle.