On Tuesday, House Speaker Kevin McCarthy criticized President Joe Biden for failing to negotiate a debt ceiling increase, despite promising to do so. In a letter to Biden, McCarthy expressed his concerns about the president’s inaction in the face of an approaching deadline, stating that “with each passing day, I am incredibly concerned that you are putting an already fragile economy in jeopardy.” He also accused Biden of insisting on “refusing to negotiate any meaningful changes to out-of-control government spending alongside an increase of the debt limit.”
Biden Doubles Down on Refusal to Negotiate the Debt Ceiling https://t.co/Rv1zaR8EUt
— Townhall.com (@townhallcom) March 29, 2023
McCarthy’s concerns are not unfounded. The US national debt currently stands at a staggering $32 trillion. According to Biden’s latest spending budget, this number will skyrocket to an astounding $51 trillion by 2033. Trying to push this expense onto future generations without any meaningful attempts to address the issue is incredibly irresponsible.
.@SpeakerMcCarthy calls out Biden on the debt limit:
“He has misled the whole Congress and the country… told the entire Congress that we're going to meet. At the Democratic retreat, he told the Democrats that they were planning meetings. He's never had one meeting” pic.twitter.com/kJ8XNGTGJD
— GOP (@GOP) March 28, 2023
My letter in response to Speaker McCarthy. pic.twitter.com/veNZtqmEkK
— President Biden (@POTUS) March 28, 2023
$31,460,784,958,919.28 (-) #NationalDebt
— National Debt Tweets (@NationalDebt) March 27, 2023
Late on Tuesday, Biden replied to McCarthy’s letter with one of his own. In his response, he doubled down on his demands that Republicans on Capitol Hill raise the debt ceiling without any conditions or spending cuts. Biden stated that “an unprecedented default would inflict needless economic pain on hard-working Americans” and urged the Congress to act quickly to prevent it.
It is clear that Biden is more interested in playing political games than addressing the very real concerns about the United States’ skyrocketing debt. By refusing to negotiate and insisting on increasing spending without any plans to offset the cost, the President is setting up the US economy for disastrous consequences. It is time for him to stop playing political theater and start taking this issue seriously before it’s too late. The American people deserve better than someone who cares more about winning political battles than protecting their financial future.