David Sirota: Working Class Will Be 'Deeply Harmed' by Biden's 'Big Win' on Debt Ceiling

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President Joe Biden on Saturday signed a debt ceiling deal into law that averts a catastrophic default by the United States through January 1, 2025, hailing it as a "big win" for the country. Critics say the agreement protects wealthy corporations and tax dodgers while imposing new cuts on key social programs and expanding work requirements for some recipients of food stamps. The legislation has also been called a "dirty deal" by climate activists because it rolls back environmental regulations and fast-tracks the approval of the Mountain Valley Pipeline through West Virginia and Virginia, a pet project of powerful Democratic West Virginia Senator Joe Manchin. "The working class of this country was deeply harmed by this bill," says investigative journalist David Sirota of _The Lever_. He also faults Democratic leaders for not raising the debt ceiling after the midterm elections, when the party still had control of Congress. "What you see is a picture of a party that wanted this outcome," says Sirota.

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7:19 - David Sirota talks about how Florida Governor Ron DeSantis could run afoul of a key anti-corruption law by funneling state pension money to Wall Street firms.

DemocracyNow
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"The problem is we're dealing with two political parties who have been colonized by corporations." --- DR. CORNEL WEST

kingtchalla
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The only laws that are enforced are the ones broken by poor people

OneWithTheUniverse
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How do we stop letting rich, old men from making decisions about the environment that they'll never live long enough to see what their choices have done?

jaxongolf
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When Mitch McConnell says he can’t wait to sign the bill saying it’s heading in the right direction…it’s never good for the people

lafosh
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The law is NEVER enforced when it comes to the corrupt politicians or the rich criminals.

Chulitatr
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Hypocrisy of the ruling class is disgusting🤢🤮

boombot
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The economy is in disarray and the government is cutting down relief payments all in the name of the debt ceiling; without the RFUSA assistance checks, I'm not sure how I would have been able to provide for my family and pay my bills.such aching pains

sandrachivel
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Every American should have healthy food.

janiekcarney
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The IRS was never going after rich people.

anniealexander
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Austerity for the masses and socialism for corporations and the wealthy has been the policy of all parties in the US since the 1980s.

andrewpierce
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This bill a loss for the working class and poor, default, also really bad for the working class and poor. There is no good outcome for anyone but the wealthy.

jvladcliff
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We have a corrupt corporate duopoly - we need more parties. This is what class warfare looks like.

carycunningham
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We need to join together and get these criminals out!!! Awful!! They are all terrible liars!!

hopefully
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Thank you for the truth - so sick of the gaslighting by corporate media surrounding this disaster. The planet is hurtling towards destruction and the poor and working class suffer while we continue to coddle the 1%.

scrubjay
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I agree with Bernie Sanders. Bernie for President!

anthonymcneill
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We need to vote both parties"OUT"!!

capreciamims
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The working class is crushed. By inflation, gas prices, recession.

Thebob
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That so-called "Win" was a giant Middle Finger to working-class people. And yet another handout to Billionaires.

emiebex
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America wakes up to the realization that our one owner calls their two managers a two-party political system.

innerlocus