Today, Speaker McCarthy met with President Biden, Senate Majority Leader Chuck Schumer, Senate Minority Leader Mitch McConnell, and House Minority Leader Hakeem Jeffries to negotiate raising the debt ceiling after being met with silence from the White House for over three months.
Biden and extreme Democrats are continuing to avoid their responsibilities to negotiate the debt ceiling. House Republicans on the other hand have passed sensible and reasonable legislation to address our nation’s debt crisis, limit Washington’s irresponsible spending, save taxpayer dollars, and grow the American economy.
BIDEN’S HISTORY OF SUPPORTING DEBT CEILING NEGOTIATIONS:
2009: Biden led debt limit negotiations with House Blue Dog Democrats.
2011: Biden led debt limit negotiations with House Republicans.
Biden even said negotiating the debt limit in 2011 was an "honor”: “I have had the great honor of spending hours and hours and hours, as you’ve covered my negotiating the debt limit and other things, with the leaders of the Republican Party.”
During 2011 debt limit negotiations, Biden said “we’ve got to make some real progress” on the long-term debt. Back then, the national debt was around $14 trillion. Today, the national debt is over $31 trillion – and Biden refuses to negotiate.
2021: Biden hoped for “intelligent and honest conversation” with Republicans on a debt limit increase.
SCHUMER’S HISTORY OF SUPPORTING COMPROMISES DURING DEBT CEILING NEGOTIATIONS:
In 2017, President Trump and Democrats waived the debt limit for three months while providing disaster relief for Hurricane Harvey.
In 2018, “After months of closed-door negotiations, then-Senate Majority Leader Mitch McConnell and then-Minority Leader Chuck Schumer locked in a plan to raise spending caps, increase the debt limit and fund the government.”
In 2019, “After months of closed-door negotiations, then-Senate Majority Leader Mitch McConnell and then-Minority Leader Chuck Schumer locked in a plan to raise spending caps, increase the debt limit and fund the government.”
JOE BIDEN AND HOUSE DEMOCRATS’ FAILED TAX AND SPEND POLICIES CAUSED THIS DEBT CRISIS:
Since President Biden took office in January 2021, he and House Democrats have increased the 10-year spending trajectory by $10 trillion.
This includes ramming through their $2 TRILLION so-called "American Rescue Plan" that ignited the highest spike in consumer prices in forty years, including:
$400 billion for policies that reduced private sector employment such as expanding unemployment insurance benefits that too often paid Americans to stay home rather than go to work and dismantling the Child Tax Credit by removing work requirements.
Billions lost to fraud due to Democrats’ rejection of Republican safeguards.
Billions in inflationary waste and abuse, including: