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Verdict with Ted Cruz

Biden-McCarthy Debt Deal: the Good, the Bad, & the Ugly

Verdict with Ted Cruz

Premiere Networks

Politics, Daily News, News, News Commentary

4.542.9K Ratings

🗓️ 29 May 2023

⏱️ 40 minutes

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Transcript

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0:00.0

Welcome, it is verdict with Senator Ted Cruz, Ben Ferguson with you as always, and Senator,

0:06.6

the number one question that everybody wants to know right now on this memorial day is

0:13.2

the Biden debt deal.

0:15.1

The Biden debt ceiling is their deal with Republicans, and if there is, what does that look like

0:21.0

for the American people?

0:22.4

Well, and it was announced on Sunday that there was an, quote, agreement in principle between

0:29.2

Joe Biden and Kevin McCarthy, and the agreement in principle included some cuts in spending

0:36.6

from what Biden wanted.

0:38.0

It also included an extension in the debt ceiling.

0:41.0

And I would say as we sit here, you and I are recording this Sunday night, at this point

0:45.6

we don't have the text of the bill.

0:47.2

We have not seen exactly what's in the bill.

0:50.2

So it is not entirely clear all of the details, but based on we know what we know now, there

0:57.7

are some good elements, but there are a lot of things that are disappointing.

1:01.8

As I'm sitting here right now, I'm disappointed that this agreement does not cut more.

1:07.8

And I'm also disappointed that this agreement adds a lot of debt in exchange for relatively

1:14.6

little cuts.

1:15.6

Now we can break that down piece by piece and walk through what's in it and what's not.

1:21.8

With the caveat that the bill text, at this point we still haven't seen, and presumably

1:26.8

we will see sometime soon.

1:28.8

Well, let's start with, is there something in this bill that we could probably get excited

1:33.4

about as conservatives?

...

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