Heritage Foundation: Here Are the Real Losers in the Debt Ceiling Agreement
Spencer Brown
As the deal to raise the debt ceiling and avert a default on America's debt moves forward through Congress, the Heritage Foundation released a statement from its president, Kevin Roberts, panning the agreement between House Speaker Kevin McCarthy's (R-CA) team and President Joe Biden, chastising Republican lawmakers for what he says was a missed opportunity to "protect families" and cut government spending.
"At a time when Americans are struggling to balance their budgets as the cost of gas, groceries, and childcare continue to rise, Republicans had a real chance to protect families and fight sky-high inflation and interest rates by cutting government spending," Roberts said in the statement released Monday afternoon after the text of the debt deal was circulated.
"Republicans entered negotiations with a strong hand, having passed the Limit, Save, Grow Act in April," Roberts continued. "Their plan paired robust spending cuts and pro-growth policies with a modest debt limit increase—giving Americans back $4 for every dollar of increased federal debt. While President Biden demanded a blank check and refused to negotiate, House Republicans passed the only proposal to raise the debt ceiling in Congress," Roberts rightly noted. "Sadly, that leverage was given away in closed-door negotiations."
As Townhall noted repeatedly in recent weeks, the House GOP was, in fact, the only group in Washington to have done anything to address the looming default by passing their version of a plan to deal with the debt and avoid a default. But, as Heritage's Roberts notes, the principally good tenets of the House GOP bill did not make it into the final deal, a consequence of divided government.
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https://townhall.com/tipsheet/spencerbrown/2023/05/30/heritage-foundation-says-americans-lose-out-in-debt-limit-deal-n2623831
