Stop playing games with the debt limit
Kevin McCarthy and his MAGA allies continue to play political games with the debt limit. He recently went to New York to announce his plan: demand deep cuts to programs Americans rely on before he agrees to raise the debt ceiling.
Does he want to make corporations pay their fair share?
No.
Does he want to make the CEOs pay the same tax rate as their employees?
No.
Instead, Kevin McCarthy wants to sock it to ordinary Americans.
What programs would he cut? He wouldn't say.
Except for food stamps. He definitely wants to cut food stamps.
I would be laughing if I wasn't so angry.
It gets worse. Some of McCarthy's MAGA allies are demanding massive cuts in programs we all depend on— including Social Security, Medicare, veterans benefits, environmental protection, higher education, and more.
The political brinkmanship over the debt ceiling has to stop. With Senator Tim Kaine, I've proposed a simple idea: President Biden — and all future presidents — should be able to raise the debt ceiling anytime it's necessary. If Congress thinks the president has gone too far, Congress could vote to override the decision.
Defaulting on our debt would cause the global economy to crash. It would put car payment and credit card interest rates through the roof. Playing games with peoples' lives is not OK.
This is all coming to a head in the next month or two. Stay tuned. I'm in this fight for you and your family.
Onward.
Jeff