What's going on, everybody, and welcome back for another episode of Triggered. This is Triggered episode

number 462 here on Tuesday, May 30th. Let's just start with obviously the big news of the day,

being that the debt ceiling agreement was reached over the weekend. And to put it lightly,

it's a terrible deal. And it's not really surprising, given where we were in negotiations.

And I think I basically said this all along that McCarthy was in a situation where he was kind of overplaying his hand.

He essentially was saying, oh, we're going to keep fighting.

We're going to, you know, we're going to keep pushing forward.

Hold the line, hold the line.

We're going to get a good deal that achieves conservative end goals.

And that's all well and good to say.

But then it's a matter of doing.

Yeah, did it happen?

And it didn't happen.

And, you know, the House GOP passed their bill a long time ago to avoid a default.

Which had steep cuts and the things that we wanted.

It was a good bill.

I mean, that was a good bill.

The Democratic reaction is how you gave this.

They were apoplectic over the draconian cuts and how blood would be running through the streets if we pass it. So we come up with this new deal. It's tentative. Well, there's a few things that are going to happen here. Well, yeah. Let me run through what, so essentially the new agreement achieves

nothing of what we were trying to get. Yeah. Let's just put it out there. That's the top line, right?

Which was spending levels pre-COVID. Yeah. And it doesn't do that. They will say that this will

save a lot of money over the next six to ten years, which it will save some, sure, but there's no hard caps.

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