As we approach the debt ceiling, the Republican position seeks substantial spending cuts, which the Leftists have been unwilling to accept. An agreement will require bipartisan action. President Biden did not have time in his schedule to address the issue last week.
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There is a gap between the two sides. The last Congress, under Democrat control, authorized spending above the debt ceiling without addressing the need to either raise taxes or raise the debt ceiling… Then they went home.
The current House wants spending cuts and policy changes. Leftists are posturing against concessions. They assert non-specific harm to America.
There is pressure to secure the best result for the nation within the Republican ranks. It seems likely accountability will end McCarthy’s Speakership should he fail to deliver. The House wants the Senate to take action on the House Republican debt ceiling bill.
The House bill was passed last month to raise the debt limit until 2024. In exchange, it imposes spending caps and policy changes. Mr. Biden threatened to veto the measure. The Leftist-controlled Senate has not taken up the bill.
Biden is not negotiating with McCarthy. Mr. Biden has known the situation for months and has not responded. The White House is not acting responsibly to demonstrate either an understanding of the seriousness or the situation’s urgency.
As the Leftists languish, the nation waits. The Leftists are trying to negotiate in the press. What we know is they oppose shielding defense and veterans’ accounts from spending limits. They oppose work requirements entitlement programs.
The House has taken action to mitigate the irresponsible financial position they inherited. The Leftists refuse to act, refuse to negotiate; they posture only. One might think default was no big deal.
