HomePoliticsDirty Little Secret About the Biden-McCarthy Debt Ceiling Deal

Dirty Little Secret About the Biden-McCarthy Debt Ceiling Deal

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The Biden White House had not anticipated the debt limit crisis, which forced them to delay a portion of Biden’s most recent foreign policy trip. Speaker McCarthy kept the Republican caucus united during this time. As a result, the president was forced to depart early, preventing any further humiliating diplomatic gaffes; there is, in fact, a silver lining to this situation.

McCarthy has done a remarkable job thus far balancing on a razor’s edge, considering that many people expected him to give up and mail it in, as he did in 2015. Even though he seems to be taking advantage of the situation, calamity is imminent. Freedom Caucus members have a negative opinion of the agreement reached with Sleepy Joe.

Red State previously published an article titled “Freedom Caucus Says McCarthy Got Rolled on the Debt Ceiling and the Evidence Indicates They Are Right,” which makes the following observation:

The deal scraps $131 billion in cuts to return bureaucracy to pre-COVID levels in favor of keeping spending at the 2023 Omnibus spending bill. Work requirements are abandoned for Medicaid. Biden’s “Inflation Reduction Act,” which Goldman Sachs says costs $1.2 trillion, is retained. The REINS Act is abandoned. Biden’s unlawful student loan bailout is punted back to the courts. The IRS keeps its 87,000 new agents. You’ll hear about the $2 billion cut from the IRS this year, but that is from their proposed budget increase. It doesn’t cut that agency. The only bright light is that the deal claws back $29 billion in unspent COVID-19 baksheesh. Also, note that the two-year deal takes the debt ceiling off the table during an election year.

The following is the unsavory information that is circulating and may acquire traction in the coming days. It will be fascinating to observe whether the #VacateTheChair hashtag on Twitter convinces Freedom Caucus members to support the movement.

Will Donald Trump criticize Kevin McCarthy for an agreement that appears to contain no spending cuts, despite his recent statement on CNN that McCarthy should allow the Janet Yellen deadline to pass in the absence of spending cuts?

Will Chip Roy, who successfully negotiated concessions for a number of Freedom Caucus members before endorsing McCarthy’s election as speaker, conclude that this is the final straw? Will he cast a vote in favor of or against this agreement?

What will Trump’s supporters in the fruited plain do after calling for McCarthy’s head if this deal is approved?

We certainly hope not, but Washington D.C. loves this type of drama, which is why these activities are currently being performed in the nation’s capital.

In the meantime, Democrats are anticipated to support the McCarthy-Biden debt agreement and are “surprised” that Republicans have received no concessions.

A senior House Democrat told Axios that “possibly 100 %” of their caucus is anticipated to vote in favor of the debt ceiling deal negotiated by President Biden and House Speaker Kevin McCarthy (R-California).

“I expect the vast majority (and perhaps 100%) of Democrats to support it,” the Senior House Democrat told Axios reporter Andrew Solender. “Contingent on final text, most are surprised by how modest the concessions appear to be.”

Conservative members of the House Freedom Caucus have criticized the agreement, despite reports that Democrats in the House are content. Rep. Bob Good (R-Virginia) and U.S. Rep. Ralph Norman (R-South Carolina) both referred to the plan as a “disaster” and asserted that “no one claiming to be a conservative could justify a YES vote.”

Members of the Freedom Caucus assert that McCarthy made significant concessions on border security, the financing of an additional 87,000 IRS agents, and the failure to limit spending projects from the “Build Back Better” legislation.

“Does nothing for the border. Does nothing regarding pistol braces. Does nothing regarding Presidential overreach. And in many ways kills our leverage to get them through the appropriations process,” U.S. Rep. Chip Roy (R-TX) said of the agreement.

In addition to conservative Democrats, the progressive faction of the Democratic Party might oppose the bill. During an appearance on CNN’s State Of The Union on Sunday, U.S. Representative Pramila Jayapal stated that it is uncertain whether the progressive movement will support the bill.

“Well, I don’t know yet, Jake, because I haven’t seen the texts. You know I’m not a big fan of in-principle or frameworks. That’s always, you know, a problem if you can’t see the exact legislative texts. And we’re all trying to wade through spin right now,” Jayapal told CNN’s Jake Tapper. “That’s certainly what you heard from my good colleague on the other side of the aisle, is a lot of spin. But I think it will come down to what the legislative text is.”

Speaker McCarthy has expressed confidence that the bill will pass, claiming that “95%” of House GOP members are in favor of the bill. “We did a conference call with our conference and over 95% were overwhelmingly excited about what they see,” McCarthy told reporters on Sunday.

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