The House debt ceiling bill’s alleged savings are “worse than fake,” according to Sen. Mike Lee (R-Utah). He and Rep. Andy Biggs (R-Ariz.) both condemned the just-passed debt ceiling deal; as Biggs said, it’s sending the U.S. “careening off a [fiscal] cliff.”
MRCTV cited Lee to note that the House Republicans’ deal with the Democrats rescinds pandemic spending, but “uses a smoke-and-mirrors tactic to move $22 billion of that money into“ a slush fund that… well… no one seems to know how the money is used. “As to the $28 billion in claw-backs that you refer to: $22 billion of that immediately goes into a slush fund at the Department of Commerce that nobody knows what it does,” Lee said on Fox News.
The claim that the deal saves $130 billion a year for 10 years is “dubious,” if not false, Biggs told Pags, because $2 trillion will be added to the U.S. debt every year. So America isn’t really saving money.
Biggs previously issued a harsh critique of the Republicans’ original proposal, saying, “Capping spending at FY2022 levels — levels that were inflated dramatically during COVID and would still exceed our annual revenues — is not aggressive enough.” The deal that was passed was even worse, however.
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