In a speech on Tuesday, President Biden tore apart Kevin McCarthy and House Republicans over their debt ceiling bill.
Video:
President Biden said:
No billionaire should pay a lower tax rate than a construction worker, school teacher, firefighter, policeman, nurse. It’s mine. It’s wrong, it’s simply wrong.
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The Speaker of the House went to Wall Street last week and cut spending by 22%, including the ones I just mentioned. programs, millions of middle-class members want to see children and seniors struggle for what they need while simultaneously pushing tax giveaways to wealthy Americans and big corporations. People on Medicaid will lose their health care. By the way, veterans have lost access to a doctor’s visit, no joke by the way, and stop subsidizing the $200 billion big oil and big pharma, I’m not even talking about raising taxes, stop subsidizing it.
It’s the same old villain wearing a MAGA suit. It’s worse because at this point if they get their way, if they don’t get their way, if Biden doesn’t agree with them, they’re going to agree to cut and these tax increases are going to allow other people, workers, the country to pay off the debt. This is a debt that took over 200 years to collect. The last administration alone increased the debt by about 40% in four years. And every time you go over the debt ceiling without question, it becomes completely irresponsible.
This means lower Social Security, Medicare, higher rates on your car loan, lower mortgage payments. The entire economy is at risk. Moody’s, an economic watchdog that monitors the economy, said the Republican plan would cost us 780,000 jobs. 780,000 jobs and middle class seniors who pay the price.
The speaker likes to quote President Reagan.I love how these guys quote people, including making up quotes for me. Well, President Reagan made it clear that we will pay our debt, quote from him. He said the United States has a special responsibility to connect with itself and the world.
Obligations. It means we have a reputation for reliability and honesty.
President Biden is running circles around Kevin McCarthy on the debt limit debate. The bill, which McCarthy hopes to pass later this week, is a gift to Democrats.
Kevin McCarthy looks like an empty suit for House Republicans who won’t run the show. Extremists like Rep. Marjorie Taylor Greene believe they can hold the American economy hostage and intimidate the American people into giving them what they want.
President Biden is using the debt ceiling to define the entire Republican Party, and the degree of success could determine whether Democrats take total control of the U.S. government in 2024.
Jason is the managing editor. He is also a member of the White House Press Pool and Congressional Correspondent for PoliticusUSA. Jason has a bachelor’s degree in political science. His graduate work focused on public policy, with a specialization in social reform activities.
Awards and professional memberships
Member of the Association of Professional Journalists and the American Political Science Association
