Speaker McCarthy vows to pass debt bill... with a big 'if'

House Speaker Kevin McCarthy pledged on Monday to pass legislation to raise the nation's debt ceiling — but only on condition of capping future federal spending increases at 1% — as he lashed out at President Joe Biden for refusing to engage in budget-cutting negotiations to prevent a debt crisis.

In a high-profile speech at the New York Stock Exchange, McCarthy, the Republican leader who was marking his 100th day as speaker, said the nation’s debt load is a “ticking time bomb” and Biden is “missing in action” as the deadline nears to raise the debt limit.

“Since the president continues to hide, House Republicans will take action," McCarthy said.

[FirstLast.....]

Let it default. Then hold the career politicians that created this mess responsible.

[silverbulletfury]

I wish I could raise my debt ceiling when it comes to paying taxes

[bobbyb.]

NO MORE OMNIBUS BUDGETING ? Lazy - Should be Criminal ! 😠

[madmachanicest]

The US government literally gives corporations billions of dollars every year that could be used to pay down our deficit. The US government also weighs a crap ton of money every year. Building and maintaining highways. Chest by stopping the COS federally-funded construction of new interstate highway and raising the toll fees for Long haul trucking by 2/3. The government could save a 250 billion dollars

[madmachanicest]

Fun fact foremost of American History the debt-ceiling went up automatically. Most countries do the exact same thing to prevent from defaulting on their loans.