Nancy Mace Exposes Dangerous Precedent of Debt Ceiling Deal

On May 30, 2023, the U.S. government was faced with a difficult decision. After spending an unprecedented amount of money during the COVID-19 pandemic, Washington was now considering making that level of spending permanent. Republican Congresswoman Nancy Mace, along with other fiscal conservatives, opposed the debt ceiling deal proposed by House Speaker Kevin McCarthy, citing the dangerous precedent it set in terms of what levels of spending are now considered acceptable.

In a series of tweets, Mace outlined her reasons for opposing the deal. She noted that it significantly increases spending and normalizes the record high levels of spending that were implemented during the pandemic. She also pointed out that government spending had grown 40% or by $2 trillion from 2019 to 2023. This meant that spending had gone from just over $4 trillion to just over $6 trillion. Mace argued that the deal would keep these record high spending levels intact and make them the baseline for all future spending.

Mace joined Sens. Rand Paul and Mike Lee as well as Reps. Chip Roy, Dan Bishop and other Republicans in opposing McCarthy’s compromise. The opposition was so strong that it was expected that McCarthy and President Joe Biden would have to rely heavily on Democrats to pass the deal, likely this week.

The implications of this proposed debt ceiling deal are far-reaching. If it passes, it would set a new standard for government spending that is much higher than what was previously considered acceptable. This could have a major impact on the economy and the national debt in the years to come. It is clear that Congresswoman Mace and other fiscal conservatives are concerned about the long-term effects of this bill and are doing their best to oppose it.

The debate over this proposed debt ceiling deal is ongoing and it remains to be seen if it will pass or not. It is clear, however, that it has sparked a heated discussion about how much government spending is too much and what kind of precedent this could set for future generations. It is a debate that will likely continue for some time to come.

Source: Based Politics

Written by Staff Reports

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