'Biden doesn't want to cut a single nickel out of the roughly $6 trillion of spending'
Rep. David Kustoff, R-Tenn., details where the debt limit stalemate stands as lawmakers plan to negotiate further next week.
Trump has a track record here, Biden does not. Trump did it once, and he could do it again. I don't know the outcome, my crystal ball is as cloudy as anybody's. I'm just repeating what the Wall Street Journal’s Gerry Baker said this week about the importance of pocketbook issues and the possibility of a President Trump victory. Meanwhile, if you ever doubted that Mr.
"MAGA Republicans in Congress are threatening to undo all this progress by letting us, quote, default on the debt unless we agree to their demands. The two are totally unrelated. Whether you pay the debt or not, doesn't have a darn thing to do with what your budget is. Where are you going to spend money? How are you going to raise the money? What are you going to cut? Where do you gonna – that's they're two separate issues.
Oh, Lord, please make it stop. Of course, the two are linked, Mr. Biden. How much you spend determines how much you have to borrow. Higher spending forces higher debt. Right? You cannot separate the two. Now, as is usually the case, Mr. Biden is blathering on about all the horrible things these awful MAGA Republicans are going to do to various interest groups with the Kevin McCarthy GOP proposal, the Limit, Save, Grow Act.
Now, final point. The Wall Street Journal’s Greg Ip hits the nail on the head when he writes that 'a debt deal could help solve the country's inflation problem. Spending cuts could prompt the fed to cut interest rates sooner easing some of the pressure on banks.' Again, my only correction is they're not real spending cuts, but putting a speed limit on the federal budget.
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