Wednesday, 29 March 2023

Kevin McCarthy Doesn't Understand The Debt Ceiling

Speaker McCarthy told CNBC that there has been no progress in debt ceiling negotiations, but then claimed raising the debt ceiling is not tied to the federal budget.

It was a very long interview and throughout Rep. McCarthy's voice had an underlining whine to it when he tried to sound forceful that is off-putting.

After the Speaker blamed all US fentanyl deaths on President Biden, host Joe Kernen switched topics.

"When the president did put that budget out, and I will grant you that we even had some Democrats on the show that said, okay, it's a starting point and it's obviously it's clear that this will not be the final budget that could ever pass," Kernen said. "But the critics say that you haven't put anything out. And this is contained in the response from the White House press secretary."

If the Republicans want to have a conversation about our nation's economic and fiscal future, it's time for them to put out a budget at the press, as the president has done with his detailed plan to grow the economy, lower costs and reduce the nearly the deficit, or I'm sorry, reduce the deficit by nearly $3 trillion.

"So you have something to present at this point, a budget blueprint?" Kernen asked.

"Let's be very honest about the budget doesn't have anything to do with the debt ceiling," McCarthy replied. "I can pass a budget tomorrow and we'll still need to pass a debt ceiling."

"A budget looks at 10 years. These are apples and oranges," he said.

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