As details emerge about the debt ceiling deal reached between Speaker of the House Kevin McCarthy and the Biden-Harris regime, the hopes of sensible fiscal policy flies out the window. Most conservatives who have been paying attention knew we were going to get hosed, but this is even worse than expected.
Here’s a breakdown by Congressman Chip Roy with some of the main points of idiocy:
Turns out this chart is basically accurate. Will fill it in tomorrow more fully… but to best of our current understanding with NO text… 1) Debt ceiling set til 1/1/2025 – which means unknown debt increase – but $4 Trillion is a good estimate…
2) Debt Ceiling “Deal” totally scraps the $131BB in cuts to return bureaucracy to pre-COVID levels in favor of what appears to be effectively flat spending (down or up a little) – at the bloated 2023 Omnibus spending level, jammed through in a rush in December…
…2) Debt Ceiling “Deal” totally scraps the $131BB in cuts to return bureaucracy to pre-COVID levels in favor of what appears to be effectively flat spending (down or up a little) – at the bloated 2023 Omnibus spending level, jammed through in a rush in December… (2/10)
— Chip Roy (@chiproytx) May 28, 2023
3) Debt Ceiling “Deal” abandons work requirements for Medicaid
4) Deal abandons our repeal of the so-called Inflation Reduction Act tax-credit crony giveaways – which Goldman Sachs says costs $1.2 Trillion.
4) Deal abandons our repeal of the so-called Inflation Reduction Act tax-credit crony giveaways – which Goldman Sachs says costs $1.2 Trillion. (4/10)
— Chip Roy (@chiproytx) May 28, 2023
…The deal abandons inclusion of the very powerful anti-regulatory REINS Act (which we just passed through House Judiciary as well) in favor of a form of administrative pay-go which is relatively toothless and/or able to be waived…
…The deal abandons full repeal of Biden’s unlawful student loan bailouts – forcing only a re-start to a small number while leaving in place $400 billion+ in loan forgiveness and punting our constitutional duty to the Court…
…The deal abandons full repeal of Biden’s unlawful student loan bailouts – forcing only a re-start to a small number while leaving in place $400 billion+ in loan forgiveness and punting our constitutional duty to the Court… (6/10)
— Chip Roy (@chiproytx) May 28, 2023
…The deal keeps full $80BB expansion of the IRS and the 87,000 employees it funds to target poor/minority 3-5x more – except for $1.9BB for this year…
…The deal does claw back $29BB remaining of the COVID unobligated funding which is used as part of the budget games…
…The deal does claw back $29BB remaining of the COVID unobligated funding which is used as part of the budget games… (8/10)
— Chip Roy (@chiproytx) May 28, 2023
…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…
…Finally, again… this deal raises our debt ceiling an unlimited amount that is likely close to or over $4 Trillion.
…Finally, again… this deal raises our debt ceiling an unlimited amount that is likely close to or over $4 Trillion. #DebtCeiling (10/10)
— Chip Roy (@chiproytx) May 28, 2023
The Republican Party has only a handful of actual patriots left on Capitol Hill. The vast majority have thrown in with Democrats, globalists, the Deep State, and China.
It’s becoming increasingly clear that fiat currencies across the globe, including the U.S. Dollar, are under attack. Paper money is losing its value, translating into insane inflation and less value in our life’s savings.
Genesis Gold Group believes physical precious metals are an amazing option for those seeking to move their wealth or retirement to higher ground. Whether Central Bank Digital Currencies replace current fiat currencies or not, precious metals are poised to retain or even increase in value. This is why central banks and mega-asset managers like BlackRock are moving much of their holdings to precious metals.
As a Christian company, Genesis Gold Group has maintained a perfect 5 out of 5 rating with the Better Business Bureau. Their faith-driven values allow them to help Americans protect their life’s savings without the gimmicks used by most precious metals companies. Reach out to them today to see how they can streamline the rollover or transfer of your current and previous retirement accounts.
This was not a deal, it was total and complete capitulation by McCarthy. Makes me sick about supporting Republicans..
I’ve been saying we need to dump the Republican Party since they ran Dole against Clinton. I was always told it would be a waste of time to form a 3rd Party. I feel vindicated.
It’s still a waste of time. Who’s fault is it the Repuglicans have become the Uniparty? They didn’t vote themselves into office.
What do you think will happen with some 3rd party?
Until Elected officials are banned from participating in business, trade & finance AND actively monitored (financially) during their term… none of any of this is going to change.
I would say parents teaching morals would be the actual best start, but history proves that entirely incorrect.
Every one of these traitorous bastards deserves to be lined up and shot for what they are doing.
Vent where it counts most. Put the pressure on your Congressman with calls and emails to vote NO. Encourage every patriot you know to do the same.
So basically the Dems asked for x and got y on spending. They knew that going in.
The Republicans sold out Middle class Americans to the clutches of the corrupt and criminal IRS.
THANKS FOR NOTHING.
3 rd party needed.
I TOLD ALL WHO MIGHT LOOK AT MY RANTINGS.
KEVIN McCARTHY has NO SOUL. He is compromised and INEPT. To have to listen to his voice is a NO DEAL for this reader, but I KNEW he would not get anything DONE for the GOOD of all of us…KNEW IT.
There will be blood in these streets in all of OUR FUTURES. This kind of ‘governance’ cannot be ALLOWED to CONTINUE. And the young people? O B L I V I O U S…nearly U N C O N S C I O U S. And will reap the WHIRLWIND that cometh.