Monday, May 29, 2023

The Dirty Little Secret About The Biden-McCarthy Debt Ceiling Deal No One Has Addressed Yet

 The reason why is that Paul Ryan was not in leadership or even mentioned as a replacement when the House GOP caucus met on the day McCarthy announced he was dropping out.

As McCarthy himself is quoted as saying, he shocked people by dropping out - and that was correct.

I do not recall an official reason given why McCarthy dropped out of the race for the gavel to replace Boehner but he did not have the votes.

From my colleague streiff who earlier today wrote this Freedom Caucus Says McCarthy Got Rolled on the Debt Ceiling and the Evidence Indicates They Are Right.

The deal scraps $131 billion in cuts to return bureaucracy to pre-COVID levels in favor of keeping spending at the 2023 Omnibus spending bill. Work requirements are abandoned for Medicaid. Biden’s “Inflation Reduction Act,” which Goldman Sachs says costs $1.2 trillion, is retained. The REINS Act is abandoned. Biden’s unlawful student loan bailout is punted back to the courts. The IRS keeps its 87,000 new agents. You’ll hear about the $2 billion cut from the IRS this year, but that is from their proposed budget increase. It doesn’t cut that agency. The only bright light is that the deal claws back $29 billion in unspent COVID-19 baksheesh. Also, note that the two-year deal takes the debt ceiling off the table during an election year.

Well here is the dirty secret floating out in the atmosphere that might build up some steam in the next couple of days.

So will Donald Trump call out McCarthy for a deal that looks like no spending cuts are happening after saying on CNN just a couple of days ago that unless spending cuts were part of the deal, McCarthy should allow the Janet Yellen deadline to pass?

Will Chip Roy who was masterful in negotiating on behalf of some Freedom Caucus members before green-lighting a vote for McCarthy for Speaker decide that this is the straw that broke the camel's back? Will he vote for this deal or vote to vacate the chair?

https://redstate.com/tladuke/2023/05/28/the-dirty-little-secret-about-the-biden-mccarthy-debt-ceiling-deal-no-one-has-addressed-yet-n752925

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