Ep. 1735 - The Debt Ceiling Bill Explained
The Ben Shapiro Show
The Daily Wire
4.4 • 152.4K Ratings
🗓️ 30 May 2023
⏱️ 62 minutes
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| 0:00.0 | Speaker of the House, Kevin McCarthy and President Joe Biden come to a compromise on the debt ceiling. |
| 0:04.6 | After three months of Biden pledging not to negotiate, corporate America prepares for the holy month |
| 0:08.9 | of pride. And the Trump v. DeSantis primary heats up. I'm Ben Shapiro. This is The Ben Spiro Show. |
| 0:17.4 | The Ben Shapiro show is sponsored by ExpressVPN. Protect your online privacy today at ExpressVPN.com slash Ben. Well, it was always going to happen. The debt ceiling was going to be raised and some sort of debt crisis was going to be averted, mainly because it was not really in anybody's interest for the debt ceiling to be hit. It was not in Republicans' interest for the debt ceiling to be hit because every time that has happened, it has not really redounded to their benefit electorally. And it certainly was not in Joe Biden's interest for the debt ceiling to be hit because if recession hits on his watch, then it puts his reelect efforts in jeopardy. So the only question was going to be whether Joe Biden was going to cave or whether Kevin McCarthy was going to cave. Now, we have to define the terms of what it means to cave here. Okay, so there are a few different descriptions of what it could mean to cave under these circumstances. Okay, number one, the real definition here is Joe Biden set the, he set the groundwork. Joe Biden said, I will not negotiate. He said it over and over and over. I'm not going to negotiate on the debt ceiling. |
| 1:11.1 | I'll negotiate over the budget. I won't negotiate on the debt ceiling. His entire team went out there |
| 1:15.2 | and for 97 days said they would not negotiate on the debt ceiling. And then he negotiated on the |
| 1:19.9 | debt ceiling and actually gave away some fairly significant concessions to Kevin McCarthy. |
| 1:24.4 | So that is one definition of caving. If, however, you wish to take another |
| 1:28.8 | definition of caving, and that is Republicans going along with any part of the Democratic |
| 1:33.1 | agenda that basically Republicans should have threatened to shut down the government until Joe Biden |
| 1:38.0 | became Ronald Reagan, or better yet, until it became Calvin Coolidge. If that was your definition, then presumably McCarthy cave. |
| 1:47.1 | And so the question is to how you view this debt ceiling bill is largely about the gauge |
| 1:51.7 | against which you gauge the bill. |
| 1:53.4 | So the measure against which you gauge the bill. |
| 1:55.3 | So are you trying to measure the debt ceiling compromise bill against what you wish |
| 2:00.2 | would happen? |
| 2:01.3 | Like what would be the best possible outcome? Or are you trying to measure it against the |
| 2:04.9 | worst possible outcome? The worst possible outcome here would have been for Republicans to simply |
| 2:08.4 | cave to Joe Biden, give him the clean debt ceiling bill, which is what Republicans historically |
| 2:12.5 | have done, and let him spend as much money as he could possibly want. That would be the worst-case |
| 2:16.5 | scenario for the Republicans. The worst-case scenario for the Democrats would have been that Republicans |
| 2:21.3 | shut down the government, presumably. But that was not going to materialize because, again, |
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