Kevin McCarthy Trolls Democrats For Not Lifting Debt Ceiling Before He Became Speaker – By Arthur Delaney (Huffpost) / May 24, 2023
“The Democrats, they could have lifted the debt ceiling prior to me becoming speaker,” McCarthy said. He’s not wrong.
WASHINGTON — Democrats could have lifted the debt ceiling while they still controlled both the House and Senate, House Speaker Kevin McCarthy (R-Calif.) said Wednesday, but they declined to do it for no good reason.
“The Democrats, they could have lifted the debt ceiling prior to me becoming speaker,” McCarthy said Wednesday. “They knew the outcome of the election already. They knew we were taking power.”
Now that Republicans control the House, they have taken the debt ceiling hostage by vowing to oppose an increase unless Democrats agree to spending cuts and new “work requirements” in federal safety net programs.
If the two sides don’t reach a deal, then the federal government could default on its debts in the coming weeks — an unprecedented situation that could mess up the financial system and cause mass layoffs.
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