McCarthy's Bad Debt Deal

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Episode Transcript

(00:00):
He blew it House speaker Kevin McCarthydelivered a horrible deal. In the end,
he did what rhinos always do.He caved. Forget the spin coming
from the media, especially Fox Newsor the Wall Street Journal, or the

(00:21):
New York Post or the Murdoch mediaempire. The real story here is McCarthy
held all the cards and he folded. Biden said he would not negotiate,
and he didn't negotiate for nearly ahundred days, and so he painted himself
into a corner with a debt ceilingdeadline looming and with him now hyping the

(00:48):
disastrous consequences. And what did McCarthydo. He folded like a cheap suit
on the eighty seven thousand irsage.Did he repeal and rescind all funding?
No, no, no, no, just one point nine billion dollars for

(01:08):
this year? Eighty five thousand IRSagents will be hired starting next year.
Does that sound like winning? Interms of spending, he didn't even roll
it back to the twenty twenty twolevels. They're gonna be frozen at the
huge, bloated levels of this year. His story spending of this year with

(01:34):
a one percent increase next year?Does that sound like winning, and to
me, the ultimate betrayal. Weare gonna raise the debt limit at least
four trillion dollars. In fact,they're not even lifting the death limit,

(01:55):
they're just extending it to June first, twenty twenty five. I've noticed until
after the twenty twenty four election,and there's no price tag. We believe
it'll go up four trillion, butit could go up five or six or

(02:15):
eight or ten. There is nospending limit or sealing limit put in place.
And we're going to add the largestincrease to the debt in the history
of the United States. And whatdid we get in return offending? Spending

(02:36):
freeze? A clawback on some ofthe unspent COVID relief money one point nine
trillion out of the eighty billion dollarsone point nine billion out of the eighty
billion dollars IRS agents, that's it. And work requirements for people on food
stamps, the age raised from fortynine to fifty four. That's it.

(03:00):
That's what you have to show forit. McCarthy said. The first bill
they passed was repealing all eighty billiondefunding the eighty seven thousand new IRS agents,
and he banged the gaggle and saidpromises made yesterday was his chance to

(03:21):
turn that into reality. Instead,it wasn't promises made, it was betrayals made.