https://www.bloomberg.com/news/articles/2023-02-15/biden-assails-gop-agenda-he-says-would-add-3-trillion-to-debt
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They come with receipts in this opening sentence. “Congressional Republican leaders insist that the national debt is among our nation’s greatest challenges, and reducing it is among their highest priorities,” linking to press reports and Barely Speaker Kevin McCarthy’s own purported plan for the nation. “In fact, they claim that reducing the debt is so urgent it warrants endangering the entire U.S. economy through debt limit brinksmanship,” it continues. ”But their legislative agenda to date points in a very different direction—with proposals that would increase the debt by over $3 trillion.”
Biden laid all this out in a speech to the National Association of Counties conference Tuesday, telling them: “Some of my Republican friends in Congress—not all of them, but some of them—have been threatening to hold your economy hostage if we don’t cut Medicare and Social Security.”
“So, I met with the Speaker of the House, who’s a decent guy. He’s got a tough job,” Biden continued. “He made it real clear to me what he wants to do. He says he’s not going to raise any taxes at all on anybody. He just wants to cut programs.”
So, I suggested, instead of making threats about the debt ceiling, we would—which would be catastrophic—let’s just lay out our budgets. I’ll lay out mine on March the 9th—exactly what I want to spend, who gets taxed, who doesn’t get taxed, […] what programs get cut, what programs get added. And he should do the same. We can sit down and go—I mean this sincerely—go over it. See what they want to cut and see what we want to cut.
But here’s the thing: If you add up the proposals that my Republican friends in Congress have offered so far—just so far now—legislation—they would add another $3 trillion to our debt over the next 10 years.
Sign the petition Sign if you agree: Republicans want to cut Medicare & Social Security Not in US? By signing this petition with email, you agree to receive periodic email updates on offers and activism opportunities from Daily Kos. You may unsubscribe at any time. Daily Kos privacy policy and terms and conditions. It’s all true, and Biden proceeded to lay it all out in his speech, and the White House backed it up in that fact sheet: The $114 billion they would add to the debt in their bill to protect wealthy tax cheats (the first bill they passed this year); the $159 billion they’d add to the debt by repealing reforms that lower prescription drug costs from Medicare; trying to repeal corporate tax increases to the tune of $269 billion in debt increases; and their insistence that the Trump tax cuts continue, “a $2.7 trillion debt increase that would give the top 0.1% (with incomes over $4 million per year) a $175,000 annual tax cut, over 2.5 times a typical family’s annual income.” “But here’s the bottom line: I’m simply not going to let the nation default on its debt for the first time in history,” Biden continued. “America is a nation that’s paid its bill for the last 200 years.” This is a stark departure from the Vice President Joe Biden who helped Mitch McConnell negotiate a bad debt deal back in the Obama presidency. Back when they thought being bipartisan on the debt and deficit would actually make Republicans negotiate in good faith—premised on the notion that Republicans really did care about the debt and deficit, that they cared about anything other than tax cuts for the rich. It sure is good to see that those delusions are gone. And along with them, the idea that Biden could actually negotiate them into a compromise solution. There’s no negotiating with people who are starting out with a baseline of nonsense. This Joe Biden seems intent on exposing that. President Biden's State of the Union was a masterclass in politics. The Republican Party, like a headless hydra, is unable to find a meaningful policy to get behind. Markos and Kerry talk about the highlights of last week and the enjoyment of watching Senate and House conservatives snipe at one another. RELATED STORIES: Biden handed the GOP a shovel, and they just can't stop digging Biden baits Republicans into standing up (literally) for Social Security and Medicare Days later, Republicans are still playing defense on making Social Security, Medicare cuts Thank you for your support of Daily Kos. We are proudly independent. We don't have billionaire backers or corporate sponsors that come with their own agenda. We have thousands of readers and activists that support our work by giving just a few bucks at a time.Your donations are critical for us to continue our work. 7 TAGS #House #JoeBiden #KevinMcCarthy #Medicare #Republicans #SocialSecurity #DebtCeiling 1 GROUP REPUBLISHED Daily Kos Was this story worth reading? Recommending stories helps us decide which stories are most important to show our readers. Recommend Story 351 124Comments Join the Discussion People On Medicare Are Getting a Big Surprise This February Comparisons.org | Sponsored Cardiologist: Too Much Belly Fat? Do This Before Bed Healthy Guru | Sponsored Tylenol Has Been Linked To Autism. (Join The Lawsuit) Was your child diagnosed with autism? Did you take Tylenol during pregnancy? You may be owed compensation. New Studies show that taking Tylenol during pregnancy causes autism. Get a Free Case Evaluation here. ActionMatters.org | Sponsored Sign Up The 5 Books To Read To Transform Your Life Want to feel more satisfied with life? We picked out these 5 books that will change your outlook. Blinkist Magazine | Sponsored Virginia: "Grocery Allowance" Everyone on Medicare Can Apply for Super Savings Club | Sponsored © Kos Media, LLC Site content may be used for any purpose without explicit permission unless otherwise specified. "Kos" and "Daily Kos" are registered trademarks of Kos Media, LLC. Privacy Policy DAILY KOS Front Page Elections Radio Comics RSS ABOUT Terms Rules of the Road DMCA Copyright Notice Do Not Sell My Info Privacy About Us Contact Us Press ADVERTISING Advertising Overview CAREERS Jobs MERCHANDISE Shirts GET OUT THE VOTE Ways to get involved in the 2022 Election Daily Kos moves in solidarity with the Black community. LEARN MORE
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