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Related: About this forumCNBC Host Absolutely Humiliates Kevin McCarthy In Debt Ceiling Debate - Ring of Fire
During an appearance on CNBC on Monday while talking about the debt ceiling, House Speaker Kevin McCarthy was subjected to an epic beatdown by host Sara Eisen. McCarthy was adamant that the debt ceiling can't be raised without cuts, and Eisen pointed out that McCarthy did exactly that 3 times during Trump's 4 years in office in order to pay for the $2 trillion in tax cuts that McCarthy and Republicans pushed through. Ring of Fire's Farron Cousins explains why this was such an important conversation.
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*This transcript was generated by a third-party transcription software company, so please excuse any typos.
So yesterday, Republican House speaker Kevin McCarthy, decided to go on C N B C to talk about how he is not going to, uh, raise the debt limit here in the United States and how he wants to cut so-called entitlement programs as part of any debt ceiling negotiation. But co-host Sarah Eisen on C N B C decided to call Kevin McCarthy out and remind him that multiple times during the Trump administration, he actually did raise the debt ceiling just so that he could pay for the tax cuts that Republicans pushed for the wealthy elite. So here is Sarah Eisen reminding and calling out Kevin McCarthy for his blatant hypocrisy. Take a look
And think about it. A dead ceiling is like giving your child a credit card and they charge the limit all the way up. Would you just raise the limit? No. You would say,
Well, if it meant playing with America, standing at faith, full faith and credit of US government debt. But if I feel like you can deal with the spending in other ways, which is totally legitimate.
So if you just raised the debt selling, do you think 31 trillion of debt the CBO has come out in the next 10 years, do you know we'll pay 10.5. You did
It three times in the Trump administration
As we did economic changes. We never raised the debt selling by itself, but the tax
Cuts, that was like $2 trillion
Deficit.
Kevin McCarthy didn't really have much that he could say about that other than trying to defend it, which is really defending the indefensible tax cuts. Those tax cuts that Republicans push through in 2017 are costing our economy 163 billion in lost revenue per year. Meanwhile, SNAP benefits food stamps, the programs that Republicans want to cut as part of the debt ceiling negotiations cost 113 billion per year. So we can't touch the 163 billion being lost through tax cuts, but we need to shave down the 113 billion that we're spending to make sure low income people and their kids don't go hungry. That's what Kevin McCarthy and his Republican party wants to do. We have to make sure that the wealthy elite continue to be coddled, but I'm sorry, starving children. We have to take money away from you because those rich people, they don't have enough. They don't have enough cash to go around.
We have to protect them. So I'm taking the food out of your mouth to go pad the bank account for a person worth $200 million. That is what Kevin McCarthy is doing. That is what Sarah Eisen called him out for, and that is why he voted three times in four years to raise the debt ceiling under Donald Trump. This party could not be any more cruel. I mean, it's comically cruel at this point. You know, these are the types of actions that you would see in those over the top Saturday morning cartoon villains. Like, oh, I'm gonna take all the food from the poor people. And you watch that as a kid and you're like, okay, that's extreme. Nobody would actually do that in real life. And, and then here we are, like, this is literally what they're doing. We wanna take food away from poor children so that we can put more money into the pockets of rich people. That's what America is today. That's what the Republican Party is today. And those are Kevin McCarthy's demands for any kind of deal on the debt ceiling, black and white, clear as day. That's what Kevin McCarthy and his Republicans want to do. Take food out of the mouths of starving children so that their donors, and of course themselves can put a little extra cash in their pockets every year.
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CNBC Host Absolutely Humiliates Kevin McCarthy In Debt Ceiling Debate - Ring of Fire (Original Post)
TexasTowelie
Apr 2023
OP
Bad as it is, Wall Street is no friend to debt chicanery and fiscal irresponsibility
bucolic_frolic
Apr 2023
#1
bucolic_frolic
(43,236 posts)1. Bad as it is, Wall Street is no friend to debt chicanery and fiscal irresponsibility
They've blasted Democrats over the years for 'socialism' - Rick Santelli - so now it's time to lambaste tax cuts for the wealthy funded by debt. Good day for CNBC. Keep it up!
BOSSHOG
(37,077 posts)2. And let's force 12 year old rape victims
Add more hungry children to the population. Give them a months worth of diapers and a lifetime supply of thoughts and prayers. And lets ensure religious zealots with no integrity are appointed judges to ensure such forcing decisions will not be overturned.