.SpeakerMcCarthy says his proposal to raise the debt ceiling would cut discretionary spending to its 2022 levels. However, the plan is being slammed by many congressional Democrats for cutting social spending.
The plan would cut discretionary spending to its 2022 levels, McCarthy claimed. However, the plan is being slammed by many congressional Democrats for cutting social spending. President Joe Biden gave his own rebuke of the plan in a speech at a Maryland union hall, Politico reported.“That’s the MAGA economic agenda: spending cuts for working and middle-class folks,” Biden said. “It’s not about fiscal discipline; it’s about cutting benefits for folks that they don’t seem to care much about.
Just two days ago, the Speaker of the House Kevin McCarthy went to Wall Street to describe the MAGA economic vision: massive cuts to programs you count on, massive benefits protected for those at the top.— President Biden April 19, 2023 Democrats should"definitely not" negotiate with Republicans over the budget because"Republicans are too much of a mess right now to do so," she wrote.
McCarthy has defended his plan as only cutting discretionary spending to 2022 levels, portraying Democratic criticisms as fearmongering.
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