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Home News Democrats Admit Debt Ceiling Defeat, Still Urge Unity in ‘Yes’ Vote

Democrats Admit Debt Ceiling Defeat, Still Urge Unity in ‘Yes’ Vote

Democrats Admit Debt Ceiling Defeat, Still Urge Unity in ‘Yes’ Vote

( – Leaders of the Democratic Party have urged their colleagues to vote “yes” while acknowledging inevitable defeats in the debt ceiling negotiations.

According to Congressional reporter Max Cohen, former House Majority Leader Steny Hoyer (D-MD) reportedly urged his colleagues to vote “yes” despite some of their reservations.

“Despite these defeats, we must prevent Republicans’ reckless and extremist ideas to imposing a disastrous default from harming the American economy. Failure to do so would have disastrous effects on each and every family in America as well as the world economy,” according to Hoyer.

“We cannot allow the American people to bear the severe costs of the Republican Party’s incapacity and refusal to govern. To end this unnecessary economic instability, I, therefore, implore my colleagues to support this compromise measure with me,” he continued.

Speaker of the Republican House, Kevin McCarthy, achieved some significant debt ceiling concessions.

“Republicans are prepared to bring about significant, lasting change in Washington. When the package was announced,” the current House Speaker, Kevin McCarthy, said, “We will vote for a responsible debt limit agreement soon that stops Democrats’ careless spending, claws back unspent COVID funds, blocks Biden’s new tax schemes, & much, much more.”

“The debt ceiling agreement is a significant win for Speaker McCarthy and the House Republicans. No one would have thought it possible to reduce spending, reinstate job requirements, change permitting for energy and infrastructure, and more before they enacted their history-altering law,” praised former House Speaker Newt Gingrich.

Republicans have worried about specific package provisions, including defense expenditures like Sen. Lindsey Graham (SC).

“I admire Kevin McCarthy. I want the debt ceiling raised. Not doing that would be negligent. I desire financial restraint. I want the IRS to be more manageable. I want to recover the COVID funds that were not used.

And although I understand that perfection is impossible, I will not adopt the Biden defense budget and declare it to be a success,” Graham stated on Fox News Sunday.

“The defense is adequately funded,” according to McCarthy. “The Biden military budget raises defense spending at a rate that is below inflation. 3.2 percent growth is less than inflation.”

“When China is planning to practically triple the size of its Navy, the Biden military budget will expand the Navy from 298 to 291 ships,” he continued.

The debt ceiling vote is scheduled for May 31, 2023.

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