FOXBusiness this morning on the debt deal:
*Increases spending for Defense and veterans' benefits
*Work requirements for SNAP & TANF, exempts MEDICAID
*Able-bodied SNAP recipients must work (Caps at 54 Y.O.)
*Claws back 29B in unspent COVID-19 funds
*Repeals $1.9B for IRS THIS YEAR (Does not mean it can't be added back for
follow-on years)
*Student loan repayment to begin in 60 days
*Streamlines energy and infrastructure projects (which could mean absolutely anything)
*No new taxes (not the same thing as saying "no new taxes AND no tax
increases")
I get the anger on both sides. Leftists want to print as much money as fast as
possible, because they refuse to acknowledge their part in the horrific,
crippling inflation that resulted from Biden and the left's boiling desire to
bankrupt us.
On the right, as I feared, McCarthy has caved on a deal that has the singular
design to make him look good, but which accomplishes nothing substantive on
debt reduction or decreasing the deficit. Under this deal, once again, the GOP
will be complicit in adding hundreds of billions to the National Debt, which already
equates to $250,000 per taxpayer.
In short, as I feared, this was a great deal of kabuki theater that would have
no meaningful outcome, and like the horrific failure to act on the fentanyl
issue in Olympia in the past special session that will directly result in more
dead stacking up like cordwood in this state, BOTH parties are complicit.
Despicable.
Because...
IF we don't act to get spending under control NOW... then when?
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