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Reply to "Republicans and the debt ceiling "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]So why does the republican house have to adopt Biden’s future spending plan? McCarthy had committed to paying the debts we currently owe? Why isn’t that enough?[/quote] You are very confused.[/quote] How? Seriously question. It is my understanding that the debt ceiling has to be raised to prevent a default. Is that correct? It is my understanding that McCarthy has committed to raising the debt ceiling to the level necessary to pay for obligations they the US government has already made. Is that correct? It is my understanding that the President has rejected that because he is ants the debt limit raised to a higher level that would ensure that obligations NOT yet made would be covered. Is that correct? If I am correct on all counts, then really it isn’t a matter of republicans refusing to raise the debt limit to a level necessary to prevent a default. It’s a matter of Biden wanting it to go even higher. [/quote] McCarthy wants a 20% in exchange for raising the ceiling. Once you account for debt service, Defense (including VA benefits), Social Security, and Medicare- all of which republicans say they won't cut- there isn't 20% left to cut. [/quote]
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