Three Additional Bonus Videos:
Wednesday, May 31, 2023
A full breakdown of Biden and McCarthy's deal to raise the debt limit to $35 trillion: What the House speaker gave up in the final package conservatives are calling 'insanity' and a 'turd sandwich'
- McCarthy unveiled the 99-page bill raising the debt ceiling to avoid defaulting on Sunday
- Some Republicans aren't pleased with details of the bill, claiming it's like writing a 'blank check' to Democrats
- DailyMail.com breaks down what made it into the deal and what didn't
The 99-page bill released Sunday would raise the debt ceiling by $4 trillion to a total of $35 trillion and suspend the nation's debt limit through 2025 to avoid a federal default.
Republicans, who only wanted to raise the limit by $1.5 trillion, are calling the deal a 'blank check' to Democrats because it does not fully rescind all $80 billion in IRS funding or the 87,000 new agents, fails to cap federal spending for 10 years and does not reclaim all $50 billion in unspent COVID funds.
Progressives are opposed to some of the proposed changes to work requirements in social programs including food stamps.
Now both the Democratic president and Republican speaker are trying to win over skeptical lawmakers in order to stave off default by June 5, the 'x-date' when Treasury Secretary Janet Yellen said the U.S. could default on its debt obligations.
DailyMail.com breaks down what made it in and what got cut from the debt ceiling deal and how lawmakers are reacting now that the full text is available.
DEBT LIMIT SUSPENSION FOR TWO YEARS
The cornerstone of the deal includes a two-year suspension of the debt limit until January 2025 after the next presidential election.
Republicans are taking issue with the $4 trillion ceiling increase, saying there could be virtually unlimited spending for the last two years of Biden's first term.
The GOP had backed a deal in which the debt ceiling was only raised by $1.5 trillion - which was not agreed to.
The agreement also limits spending by keeping all non-defense appropriations roughly flat in Fiscal Year 2024 and increasing it by only one percent the following year - a point that conservatives are taking issue with since they urged a freeze on all federal spending for 10 years.
Congress is also required under the new bill to approve 12 annual spending bills or face a snapback to spending limits from the previous year.
The White House predicts the plan would reduce government spending by $1 trillion, but Republicans are calling them 'fake' spending cuts.
'Fake conservatives agree to fake spending cuts,' Sen. Paul tweeted. 'Deal will increase mandatory spending ~5%, increase military spending ~3%, and maintain current non-military discretionary spending at post-COVID levels.'
'No real cuts to see here.'
Rep. Norman of South Carolina called the deal 'insanity' said he won't 'vote to bankrupt...
The 90 Miles Mystery Video: Nyctophilia Edition #1402
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The 90 Miles Mystery Box: Episode #2097
You have come across a mystery box. But what is inside?
It could be literally anything from the serene to the horrific,
from the beautiful to the repugnant,
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If you decide to open it, you could be disappointed,
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Tuesday, May 30, 2023
‘Folks On The Far Left Are Cheerleading’: Ted Cruz Reacts To Kevin McCarthy’s Debt Ceiling Deal
Republican Texas Sen. Ted Cruz reacted harshly on Monday to House Speaker Kevin McCarthy’s debt ceiling agreement with President Joe Biden.
Cruz spoke about the debt ceiling deal on his podcast, “Verdict with Ted Cruz,” and highlighted how Democrats reacted positively to the agreement. “Look, if you want to know how to assess this deal, one of the ways to do so is listen to what the Democrats are saying. There, Joe Biden is urging every Democrat to support it,” Cruz said 21 minutes into his Monday podcast episode. He mentioned tweets by former White House Chief of Staff Ron Klain and prominent never-Trumper Bill Kristol.
“As to that last question, hell no Bill, and you have Trump derangement syndrome, which makes you think the country is better off handing our nation over to out of control Marxists than actually winning policy victories in the White House. But that does tell you something about how people are reacting to this deal that folks on the far left are cheerleading it right now.”
Cruz followed up by giving his assessment of the specific provisions laid out in the debt ceiling agreement. “And so if you just think in terms of big picture comparison, increasing the debt limit from 1.5 trillion to 4 trillion is a big increase. And the spending reductions are much, much smaller. That’s the biggest reason I’m disappointed by what we’re looking at.”
Key items in the agreement include freezing non-defense discretionary spending at fiscal year 2022 levels, capping federal spending increases at...
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