Wednesday, April 26, 2023

House Passes Debt Ceiling Bill

From FOX News:
House Republicans delivered Speaker Kevin McCarthy the biggest win of his tenure leading the chamber so far on Wednesday by passing his bill to raise the debt limit and slash spending, a bill that serves as the GOP's position on how to avoid a debt crisis in the coming weeks.

The bill passed in a narrow 217-215 vote. Every Democrat voted against it, as expected, along with four Republicans – Andy Biggs of Arizona, Tim Burchett of Tennessee, Ken Buck of Colorado and Matt Gaetz of Florida.

Republicans cast the vote as a win that puts them in the driver's seat in negotiations they hope can happen with President Biden in the coming weeks. Biden has refused to entertain anything other than a clean increase in the debt ceiling, while Republicans insist he should agree to some trimming in the federal budget as a condition of raising the government's borrowing limit.
The United States is a representative republic. Power lies with the people. The people rule, ideally.

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