McCarthy Renews Calls for Spending Cuts to Raise Debt Ceiling
White House insists on raising limit without conditions, teeing up possible standoff in Washington
House Speaker Kevin McCarthy on Sunday didn’t commit to specific cuts, nor did he rule out any parts of the budget for reductions.PHOTO: SARAH SILBIGER/REUTERS
WASHINGTON—House Speaker Kevin McCarthy(R., Calif.) said Sunday he would seek to negotiate with President Biden over raising the federal debt ceiling but renewed his calls for cuts in spending, days after the Treasury Department said the government may not be able to pay its bills by early summer.
“Let’s sit down together. Let’s look at the places that we can change our behavior,” Mr. McCarthy said in an interview on Fox News. “Why would we sit back and be so arrogant to say, ‘No, there’s no waste in government?’”
Treasury Secretary Janet Yellen on Friday called on Congress to raise the debt ceiling as quickly as possible. She said the government would hit the roughly $31.4 trillion borrowing limit on Jan. 19, when Treasury will begin implementing so-called extraordinary measures to manage the government’s cash flow that are expected to last at least until early June.
Republicans, who recently took control of the House, have insisted that any increase of the debt limit include cuts in spending, a demand that many Democrats reject. The White House has called on Congress to raise the debt ceiling without conditions.
“There’s going to be no negotiation over it. This is something that must get done,” White House press secretary Karine Jean-Pierre said Friday, noting that lawmakers have previously increased the debt ceiling on a bipartisan basis.
“It is one of the basic items that Congress has to deal with, and it should be done without condition,” she said. The White House declined to comment Sunday.
A standoff over the debt limit in 2011 triggered a downgrade of the U.S. credit rating.
Treasury Secretary Janet Yellen on Friday called on Congress to raise the debt ceiling as quickly as possible.PHOTO: KEVIN DIETSCH/GETTY IMAGES
Mr. McCarthy on Sunday didn’t commit to specific cuts, nor did he rule out any parts of the budget for reductions. Republicans are split over whether to seek cuts to Pentagon spending as the U.S. is providing extensive military support to Ukraine. Mr. McCarthy pointed to potential reductions in funding to the military for policies he labeled as “wokism.”
“Eliminate all the money spent on wokism. Eliminate all the money that they’re trying to find different fuels, and they’re worried about the environment to go through,” Mr. McCarthy said.
Gen. Mark Milley, chairman of the Joint Chiefs of Staff, has said that he finds the accusation of the military being “woke” offensive. The Biden administration has said it remains committed to providing Ukraine with the military support it needs to repel Russia’s invasion.
Mr. McCarthy is under pressure from within the ranks of the House GOP to cut federal spending following commitments he made to secure the support of conservative hard-liners in his bid to be speaker. Under the agreement, the House Budget Committee, which is responsible for a budget blueprint, must produce a resolution that balances the budget in no more than 10 years and that would work from fiscal 2022 spending levels, roughly $130 billion in discretionary spending below current fiscal 2023 levels.
Rep. Chip Roy (R., Texas), a member of the conservative House Freedom Caucus who negotiated with Mr. McCarthy, has said “there ought to be specific concrete limits on spendingattached to a debt-ceiling increase.”
—Sabrina Siddiqui contributed to this article.
Write to Daniella Cheslow at daniella.cheslow@wsj.com
Published onMay 19, 2013
What is the debt ceiling and why does it matter? Find out:http://BankruptingAmerica.org/DebtCei…
Congress’s dance with the debt limit can be confusing and, frankly, the details can be a real snooze fest for many Americans. Sometimes a little humor clarifies the absurdities of Washington antics better than flow charts and talk of trillions.
The 31-second video and accompanying infographic “The Debt Ceiling Explained” by Bankrupting America offers the facts, leavened with a dose of levity. The conclusion is serious, however: The country’s debt threatens economic growth, and spending cuts are the answer.
_________________________
I want to thank you for taking the time out of your busy day to respond to my earlier letter to you on this same subject.
It is obvious to me that if President Obama gets his hands on more money then he will continue to spend away our children’s future. He has already taken the national debt from 11 trillion to 16 trillion in just 4 years. Over, and over, and over, and over, and over and over I have written Speaker Boehner and written every Republican that represents Arkansans in Arkansas before (Griffin, Womack, Crawford, and only Senator Boozman got a chance to respond) concerning this. I am hoping they will stand up against this reckless spending that our federal government has done and will continue to do if given the chance.
Why don’t the Republicans just vote no on the next increase to the debt ceiling limit. I have praised over and over and over the 66 House Republicans that voted no on that before. If they did not raise the debt ceiling then we would have a balanced budget instantly. I agree that the Tea Party has made a difference and I have personally posted 49 posts on my blog on different Tea Party heroes of mine.
What would happen if the debt ceiling was not increased? Yes President Obama would probably cancel White House tours and he would try to stop mail service or something else to get on our nerves but that is what the Republicans need to do.
I have written and emailed Senator Pryor over, and over again with spending cut suggestions but he has ignored all of these good ideas in favor of keeping the printing presses going as we plunge our future generations further in debt. I am convinced if he does not change his liberal voting record that he will no longer be our senator in 2014.
I have written hundreds of letters and emails to President Obama and I must say that I have been impressed that he has had the White House staff answer so many of my letters. The White House answered concerning Social Security (two times), Green Technologies, welfare, small businesses, Obamacare (twice), federal overspending, expanding unemployment benefits to 99 weeks, gun control, national debt, abortion, jumpstarting the economy, and various other issues. However, his policies have not changed, and by the way the White House after answering over 50 of my letters before November of 2012 has not answered one since. President Obama is committed to cutting nothing from the budget that I can tell.
I have praised over and over and over the 66 House Republicans that voted no on that before. If they did not raise the debt ceiling then we would have a balanced budget instantly. I agree that the Tea Party has made a difference and I have personally posted 49 posts on my blog on different Tea Party heroes of mine.
TRY BORROWING AT A BANK WITH A FINANCIAL CONDITION LIKE THE USA HAS:
The problem in Washington is not lack of revenue but our lack of spending restraint. This video below makes that point. WASHINGTON IS A SPENDING ADDICT!!!
Please take the time to read Mo Brooks’ words and respond to me and tell me if you will vote against the debt ceiling increase. It is the only leverage we have on President Obama. Others have responded to me in the past including you and for that I am very grateful.
Thank you for your time.
Sincerely,
Everette Hatcher, 13900 Cottontail Lane, Alexander, AR 72002, cell ph 501-920-5733, lowcostsqueegees@yahoo.com, www.thedailyhatch.org
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