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Reply to "Republicans and the debt ceiling "
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[quote=Anonymous]HEATHER COX RICHARDSON: WELL DUH, OF COURSE THE REPUBLICANS ARE OPPOSED TO THIS: Then Biden laid out the differences between his budget proposal and the newly released guidelines offered by the House Republicans. He noted that his budget has $3 trillion in cuts that the House Republicans oppose because they end benefits for corporations and the wealthy. His budget saves the country $200 billion by permitting Medicare to negotiate drug prices with pharmaceutical companies, and cuts $30 billion in tax subsidies for oil companies—which, he noted, made $200 billion in profits last year. His budget also funds the Internal Revenue Service to enable it to stop tax cheats; the Congressional Budget Office says that will raise $200 billion. Biden also wants to increase the number of inspectors general in the government to watch how money is spent, citing estimates that each dollar spent on inspectors general saves $10 in wasteful spending. The Republican plan would cut all of these measures, making suspect their claim that they want to address the deficit.[/quote]
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