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Debt Limit Debacle

May 31, 2023

The debt deal negotiated by President Joe Biden and House Speaker Kevin McCarthy is a complete debacle. Every Republican should oppose it.

Here are the facts:

The new “Swamp Debt Deal” does not cap the debt limit. Instead, it allows unlimited amounts of debt to pile up until a set expiration date, which will likely result in $4 trillion in new debt.
It only cuts $12 billion in discretionary spending, which is nothing at all. Instead of shrinking government and living within our means, it keeps spending at the bloated 2023 spending level.
It fails to claw back any of the $1.2 trillion in crony giveaways to elite leftists for grid-destroying unreliable energy.
It keeps 98% of the IRS expansion.
It fails to apply any work requirements for Medicaid and only makes age adjustments for TANF/SNAP.
It fails to include the REINS Act statutory requirement for Congress to approve huge regulations.
It fails to secure the border.
The list goes on and on…

Members of the House Freedom Caucus are working hard to stop the “Swamp Debt Deal” and we will update you as this debate unfolds.

Thank you for doing so much to fight for America’s future.

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