McCarthy releases debt-limit plan

[In It to Win It]

https://www.politico.com/news/2023/04/19/mccarthy-debt-limit-vote-00092812

BREAKING UPDATE 3:13 PM: Speaker Kevin McCarthy on Wednesday unveiled House Republicans’ plan to raise the debt limit while cutting federal spending, saying he hopes to pass the package next week.

It’s a significant step in the standoff over the debt ceiling between the House GOP and President Joe Biden, who has insisted on raising the debt limit with no strings attached and repeatedly accused Republicans of having no real plan. But McCarthy still needs to pass the measure through the House, where he only has four votes to spare, if he wants to put more of an onus on Biden and Democrats to propose a counteroffer. Meanwhile, the debt limit clock is ticking, with experts predicting the U.S. could default as early as June.

The House GOP proposal would raise the debt limit by $1.5 trillion, or through March of next year — whichever comes first. It also cuts federal funding by $130 billion in the upcoming fiscal year, along with several other fiscal restraints.

[Eliot Rosewater]

1. No...

And if you fascist scum crash the market and take my money I hope I am not alone and there are 10s of millions of others who will say to you you better not, You better not, you better not, you better not.

That is all I can say. But we have to mean it, we have to be willing to go there and MEAN IT