The Republicans keep capitulating.
They are not the party of fiscal responsibility at all. They are weak.
Case in point, House Speaker Kevin McCarthy (R-CA) and his fellow House GOP members will lift the debt ceiling by $1.5 trillion or until March 31, 2024.
The bill is expected to be released soon.
This comes after he proposed lifting the debt ceiling if spending returned to 2022 levels, the government limited the annual growth rate of spending to one percent, and clawed back COVID-related outlays.
President Joe Biden will win this battle to raise the debt ceiling without any significant concessions, which is the norm.
The debt ceiling will be raised, there will be another fight, Republicans will pretend to fight for fiscal responsibility, and then there will be a deal that achieves nothing of substance.
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