USA Most modern Information Speaker of the Home Kevin McCarthy rejected President Joe Biden’s


McCarthy rejects White House demand for clean debt ceiling hike Republicans raised concerns over national debt while President Biden rejects cuts Speaker of the House Kevin McCarthy Republican California rejected President Joe Biden's demand that Congress increase the nation's debt.

Ceiling without attaching any conditions such as the spending cuts that virtually all congressional Republicans are demanding in an informal news conference with reporters just outside the capital McCarthy said we're six months away approximately and what I would like to do is sit down with all the leaders.

Especially the president and start having the discussion the speaker said Biden's refusal to discuss anything other than a clean increase in the debt ceiling which limits Federal borrowing is a sign of arrogance that he would say he wouldn't even discuss it I mean think about what the Democrats.

Have done just in four years they've increased discretionary spending by 30 percent when Republicans were in control for eight years discretionary spending didn't go up one dollar noting the national debt is nearly 32 trillion dollars McCarthy asked why would you do this to any future.

Generation in anything we do why wouldn't you sit down and talk especially with something as serious as a debt limit why would you want to wait until the end who wants to put the nation through some type of threat at the last minute with the debt ceiling nobody wants to do that.

McCarthy added that any household that was misspending the first thing they would do is sit down and set a budget why wouldn't we request the House and Senate to do a budget why wouldn't we now set a budget set a path that will get us to a balanced budget and let's start paying this debt off and make sure future Generations have as.

Many opportunities as we do Medicare Social Security and the military would not be subject to spending cuts according to McCarthy who said Biden's demand for a debt ceiling increase without strings is off the table McCarthy's comment follows Biden's January 16th remark describing.

Republican demands that the debt ceiling increase be combined with significant Cuts in federal spending as fiscally demented the interest costs of servicing the national debt are in excess of 500 billion dollars annually Congress approved and Biden signed into law a 1.7 trillion dollar on the bus.

Spending bill in late December that keeps the government funded through September the immediate problem is that Federal borrowing to pay for the Omnibus Bill technically will hit the debt ceiling January 19th according to Secretary of the Treasury Janet Yellen as a practical matter the treasury.

Department has ways of avoiding a default on the debt interest payments that would give Biden and the Congress several months in which to work out a deal involving a boost in the ceiling combined with some level of specific spending cuts sought by House Republicans House Republicans are backing McCarthy's.

Demand for spending cuts representative Ralph Norman Republican South Carolina issued a January 17 statement in which he says every major piece of financial legislation ought to come with some incremental responsible spending cuts to keep us moving along the trajectory towards a balanced budget.

That'll take time and effort of course but whether it's a normal Appropriations bill or something like a debt ceiling increase every step along the way represents another opportunity to cut a little more spending to help balance the budget within 10 years similarly represented a Victoria Sparks Republican Indiana issued a warning to.

Her GOP colleagues and an unexpected vow saying our national debt is approaching a level not just harmful to economic growth and irresponsible to Future Generations but dangerous to our national security today we are entering treacherous Waters and must couple any debt ceiling increases with real reforms.

The Indiana Republican continued saying huge amounts of politically directed spending and crony capitalism have created a significant oligopoly problem in nearly every Market sector not much different from oligarch's ruling in post-socialist countries Healthcare monopolies lobbied by special interest groups like hospitals is one of.

The major examples Republicans need to grow a backbone and pass some real reforms or we will end up with socialism I'll be fighting with every tool at my disposal to deliver effective Health Care policies and will not be accepting any industry pack contributions this cycle.

On the Senate side McCarthy's comments drew a cheer from Senator Rick Scott Republican Florida Who unsuccessfully challenged Senate minority leader Mitch McConnell Republican Kentucky after 18 Senate Geo peers voted for the Democrats on the bus spending bill glad to hear it speaker McCarthy is sending a clear message about the debt.

Ceiling we can't keep driving up our federal debt with Reckless spending Republicans must stand strong against any and all attempts to raise the debt ceiling without a plan to get our fiscal house in order Scott wrote on Twitter Karine Jean-Pierre Biden's White House Press Secretary told reporters during.

The January 17 press briefing that we will not be doing any negotiation over the debt ceiling

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