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McCarthy’s Strong Start Faces New Test with Debt Limit Fight

Posted on Wednesday, April 26, 2023
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AMAC Exclusive – By Louis J. Senn

After initially struggling to rally the new GOP House majority behind him, Republican Speaker Kevin McCarthy is off to a strong start in his first year, delivering on a number of key campaign promises to conservatives. But with more important legislative battles looming – most notably the intensifying debt limit fight – McCarthy has a number of major tests ahead.

Almost immediately after securing the votes necessary to become Speaker, McCarthy fulfilled key campaign pledges by launching a number of investigations into issues Democrats had neglected – or covered up – while they were in the majority. In the span of just a few weeks, those investigations secured an admission from Biden’s border patrol chief that the administration’s policy is to blame for the unprecedented surge in illegal crossings; laid bare the dishonesty of the Democrat January 6 Committee; established a new panel on strategic competition with China, revealed that Dr. Fauci lied about his knowledge of the lab leak theory, and began to expose the abuses of the left’s censorship regime.

In addition to investigations, McCarthy has also ushered a number of bills through the House that, while they stand little chance of passing the Democrat-controlled Senate, make clear to voters where the GOP stands on issues and present a contrast in leadership and priorities. Some notable successes include H.R. 1, a bill that lowers energy costs and addresses Biden’s destruction of American energy independence, and a parental bill of rights.

McCarthy also led the charge to kill the D.C. City Council’s overhaul of the capital city’s criminal code via a joint resolution – an effort that was ultimately successful when President Biden signed the resolution. Along with energizing Republicans, the episode exposed deep divides among congressional Democrats over the left’s so-called “criminal justice reform” agenda.

Despite these important successes, however, McCarthy’s most important test to date is likely the ongoing debt ceiling battle, which has started to heat up in recent weeks as the country approaches its borrowing limit, expected to happen sometime between July and September. If the limit is not raised and the United States defaults on its debts, it would have catastrophic implications for both the U.S. and global economy.

After Biden and congressional Democrats spent $4.2 trillion over two years of unified government, however, the country is in a precarious financial position. Inflation remains above 6 percent (more than three times the Fed’s target rate of 2 percent) and many economists have continued to warn about a banking crisis and prolonged recession in the near future.

It is against this backdrop that McCarthy has begun engaging with the Biden administration on raising the debt ceiling. The White House and congressional Democrats want to raise the borrowing limit yet again with no measures to reduce spending – likely exacerbating inflation and economic uncertainty even further.

McCarthy and Republicans, meanwhile, have proposed a bill titled the Limit, Save, Grow Act which raises the limit to avoid a default, but couples it with practical spending reductions to get inflation under control. House Republicans are expected to vote on the measure this week.

But thus far, the White House has refused to play ball with McCarthy. Biden met with McCarthy on February 1 to discuss the debt ceiling, but has refused all offers to negotiate since then. In late March, after nearly two months of Biden refusing to meet with him, McCarthy sent a letter to the president declaring, “Mr. President, simply put: you are on the clock. It’s time to drop the partisanship.”

Meanwhile, the White House has deliberately mischaracterized the Republican position, apparently expecting that the mainstream media will take their version of events at face value and turn public opinion against McCarthy. For instance, of a Republican proposal to raise work requirements for individuals on welfare from 20 hours to 30 hours per week, Biden accused Republicans of “cutting benefits.”

But even some Democrats aren’t buying it. Last week, Senator Joe Manchin (D-WV) stated, “It has been more than 78 days since President Biden last met with Speaker McCarthy. This signals a deficiency of leadership, and it must change.” He went on to thank McCarthy for putting a proposal together and blasted Biden for not suggesting anything. Finally, he pleaded with the White House not to cater to the extreme elements of the Democrat Party and instead focus on helping all Americans.

As McCarthy noted, “American debt is a ticking time bomb that will detonate unless we take serious, responsible action.” Now, with Biden appearing unwilling to negotiate and congressional Democrats divided, it looks as if it will be up to McCarthy to prove his leadership skills once again and defuse that bomb before it’s too late.

Louis J. Senn is a lawyer in Louisville, Kentucky who previously worked for the Trump Administration. 

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Kevin
Kevin
11 months ago

He hasn’t proven that he can be a man of principle and commitment. I don’t trust McCarthy.

anna hubert
anna hubert
11 months ago

The only way to deal with this mess is to cut the spending to bare necessities I do not think there is one person to propose that Eliminating the host body is the last thing a parasite would wish for and we’ve been a good body for looong time

Gonzo
Gonzo
11 months ago

… Kevin McCarthy, he is a shifty, sneaky mofo! No way the election could have been rigged for Biden, without uni-party insiders Schumer, McConnell, Pelozi and McCarthy, elbows deep into the thick of it. I wouldn’t turn my back on Kevin McCarthy, were he three days dead –

David Millikan
David Millikan
11 months ago

The CBO confirmed that McCarthy’s budget plan will save over $4 trillion in 10 years.
While Beijing biden’s budget plan ADDS $Tillions in Debt in just a couple of years.
Between obama (Added over $18 Trillion in 8 years) and Beijing Biden surpassed that in his Illegitimate administration in 2 years and it’s climbing higher each day.
NO debt limit increase unless the
INFLATION INCREASE ACT is repealed.

Karen Knowles
Karen Knowles
11 months ago

I wish him the best! It won’t be easy.

Linda
Linda
11 months ago

With regard to the parental rights bill, why are only males claiming to be female prohibited from using female bathrooms and changing rooms, or participating in female athletics? Make no mistake, I support that fully. But shouldn’t the wording include the reverse as well? Female students wishing to be male? It would seem the wording should cover both for the sake of thoroughness and later repercussions.

Allen Williams
Allen Williams
11 months ago

If he holds the line of NO to raising the debt limit…he has changed from the old McCarthy. If he does so much as even compromises on raising the debt limit, then he truly is a RINO! By the way, I believe the fact that he had to “work” for the gavel might have shown him that it would not be business as usual in DC>

Whats new?
Whats new?
11 months ago

Come on reps. Think of your retirement.
since we don’t have to because we won’t ever be able. Your the one that’s getting it up the tuckas not us. The default will just take your life savings. lol

Steven Tapper
Steven Tapper
11 months ago

McCarthy needs to draw a line in the sand and force the Democrats to stop their damaging spending. Hold the government to the same restrictions we have as citizens and live within your means. I’m wondering how many Democrats and RHINOs know how to balance a checkbook?

It is my understanding that quite a few of them, despite a very healthy salary and benefits plus all kinds of financial opportunities, still can’t live within their means. I would love to see a moratorium on any spending for non essential programs. Freeze government workers wages too. If they don’t like that they can go out on the open market and find real jobs.

Randall L. Beatty
Randall L. Beatty
11 months ago

Biden only wants what he thinks he should have everything his way. He does not care about what is good for the people in this country he has failed the people here. McCarthy wants to get the spending under control and Biden and the Dems just want to spend just because they can collect taxes from us that is sick time for this to stop.

Candace Griswold
Candace Griswold
11 months ago

They are taking Our America right before Our eyes.

A Voter
A Voter
11 months ago

My prediction, After a lot of tough talk and blowing smoke up our rear ends, the republicans will cave and give into the demands of the left because they have no stomach for a real fight. They will buckle under pressure from bad publicity spewed by the left wing propaganda outlets and scurry off into their cubicles licking their wounds.

Steve
Steve
11 months ago

This is what happens when adults with children’s minds are put in positions to address complex and responsible positions and BOTH parties are being run by children’s mentality levels. The GOP is still so feckless and weak that they will certainly cave to the narrative and the DEM machine will roll over them like the speed bumps they truly are.

Carol
Carol
11 months ago

Biden doesn’t care! He’s a puppet and the puppet master is addicted to power! Sad thing is too many don’t want to believe this or they simply ignore it!

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