What’s Happening:
Democrats dismissed Republicans’ retaking the House in 2022. I bet they are rethinking that stance, right about now. The swamp might be able to push around Mitch McConnell, the Republican leader in the Senate. But they are having a harder time trying to get the new House Speaker to roll over and play its games.
Yet again, Democrat spending has put America in big trouble. Biden’s reckless spending spree has already gotten us back at the debt ceiling. In short order, we could be out of cash. Biden needs the House to raise the debt ceiling, no questions asked. But Speaker McCarthy just threw a wrench in their plans.
From The Epoch Times:
House Speaker Kevin McCarthy (R-Calif.) previewed Republicans’ strategy regarding how to handle the U.S. debt limit after Treasury Secretary Janet Yellen warned that the limit will be reached next week…
“What I really think we would do is treat this like we would treat our own household. If you had a child, you gave them a credit card, and they kept hitting the limit, you wouldn’t just keep increasing it. You’d first see what you’re spending your money on. How can we cut items out?” McCarthy told Fox News’ “Sunday Morning Futures.” “Every government has to do this. Every state has to balance their budget, county, city. For the White House to say they won’t even look at it, that they can’t find one penny out of $1 of eliminating waste, I think they’re just trying to put us into bankruptcy.”
Of course, Yellen wants to raise the debt ceiling. Is her job solely to rubberstamp every part of Biden’s idiotic agenda? Should the treasury secretary hit the breaks on runaway spending, when you hit the debt ceiling twice in one presidential term?
Apparently not. Yellen is as good with money as my grandma. And Kevin McCarthy isn’t ready to just blindly raise the debt ceiling again. This provides a very critical opportunity for Republicans. One McConnell stupidly ignored two years ago.
If Biden wants to keep the government going, he needs to raise the debt ceiling. That means getting the Republican-controlled House to pass a bill allowing it. Republicans have rare leverage over old Joe and his cronies. They can make demands and get measures done that help Americans. Like defunding Biden’s IRS army. Or funding for the border wall. Or restarting America’s energy industry.
And that’s just for starters. McCarthy has to be very strategic with this decision. And he needs a strong resolve. The left and their goons in the media, will go after him and House Republicans for demanding accountability. Some might buckle under that pressure. But if McCarthy wants America to survive, he will use this advantage.
Key Takeaways:
- Democrats need House Republicans to support their demand to raise the debt ceiling.
- House Speaker McCarthy refuses to comply without looking at government spending.
- Biden has recklessly burned through America’s money, hitting the debt ceiling twice.
Source: The Epoch Times
