Let's talk about McCarthy, budgets, and the debt ceiling....
Belle of the Ranch
Belle of the Ranch
4.9 • 1K Ratings
🗓️ 4 April 2023
⏱️ 8 minutes
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Summary
Let's talk about McCarthy, budgets, and the debt ceiling....
Transcript
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| 0:00.0 | Well, howdy there internet people, Let's Bow again. |
| 0:03.0 | So today we are going to talk about the debt ceiling and the budget and McCarthy and |
| 0:11.1 | Biden and how everything is shaping up and why there hasn't been any forward |
| 0:16.4 | movement even though we're kind of getting close to a deadline here. So to briefly sum up what has gone on, Republicans made a bunch of |
| 0:28.3 | promises about the budget and the debt ceiling and they want to tie the budget to a debt ceiling increase. The United |
| 0:37.1 | States is going to hit an artificial debt ceiling soon. It's not a real debt ceiling. It's not like they wouldn't be able to borrow |
| 0:46.6 | more if this didn't exist. It's manufactured by Congress to create political tension every once in a while. |
| 0:57.0 | McCarthy wants, and the Republicans in general want the budget and the debt ceiling being raised tied together. |
| 1:07.0 | Biden has put out his suggested budget. The Republicans have not. They still have not put out a |
| 1:18.0 | budget and keep in mind we are projected to hit the debt ceiling I want to say in June. |
| 1:25.0 | There's not a lot of time left on this one. |
| 1:28.0 | And McCarthy at this point is engaging in social media sensationalism and basically saying |
| 1:36.6 | well he wants to negotiate with Biden. Negotiate what they don't have a budget |
| 1:40.6 | yet and there are commentators who are suggesting why the Republicans |
| 1:47.6 | don't have a budget yet. And you have a couple of different ideas as to why. |
| 1:51.5 | The first is that they don't actually want to put forth a budget |
| 1:58.2 | plan. They want to negotiate Biden's budget and then that way they can claim whatever happens the |
| 2:05.8 | slightest trim as a victory because they'll be able to spend it and say hey we cut a hundred billion dollars off |
| 2:14.8 | of Biden's budget okay that's one option |
| 2:20.4 | another is that they have realized that they can't make good on their promises. |
| 2:29.0 | They over-promised when it comes to what they were saying they were going to do with the budget. |
| 2:35.8 | If they actually do what they said they were going to do, it will heavily impact their |
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