US Still ‘Careening Towards Bankruptcy’ After Debt Ceiling Deal, Says DeSantis

Contact Your Elected Officials
The Epoch Times Header

The United States will still be “careening towards bankruptcy” after President Joe Biden and House Speaker Kevin McCarthy (R-Calif.) reached an agreement to raise the debt ceiling by $4 trillion, says Gov. Ron DeSantis (R-Fl.) in a new interview.

The 2024 presidential candidate appeared on “Fox & Friends” on Memorial Day and was asked about the potential fracture in the Republican Party following the White House and GOP leadership approving the Fiscal Responsibility Act, which some critics have dubbed the “Fiscal Irresponsibility Act.”

“Prior to this deal, our country was careening towards bankruptcy,” DeSantis said. “And after this deal, our country will still be careening towards bankruptcy.”

He noted that adding $4 trillion to the national debt over the next 18 months is an extension of the pandemic-era spending, and the federal government is “sticking with that” level of COVID spending. The deal, DeSantis said, is “totally inadequate” to bring the budget into a better position.

“They do these cycles to just get them through the next election,” he added. “And that’s ultimately one of the reasons why they continue to fail.”

The governor stated that the $1.2 trillion Florida economy maintains large budget surpluses with one of the country’s lowest debt per capita rates.

In the last fiscal year, Florida posted a record $21.8 billion surplus and reduced its debt by $1.3 billion, with a revenue increase of about 17 percent.

More Fiscal Conservative Backlash

There has been growing backlash from members of the GOP caucus surrounding the details of McCarthy’s plan.

Sen. Rand Paul (R-Ky.) slammed the “fake conservatives” who have agreed to “fake spending cuts.”

“Deal will increase mandatory spending ~5%, increase military spending ~3%, and maintain current non-military discretionary spending at post-COVID levels. No real cuts to see here,” he posted on May 28. “Conservatives have been sold out once again!”

By Andrew Moran

Read Full Article on TheEpochTimes.com

The Epoch Times
The Epoch Timeshttps://www.theepochtimes.com/
Tired of biased news? The Epoch Times is truthful, factual news that other media outlets don't report. No spin. No agenda. Just honest journalism like it used to be.

How The Big Beautiful Bill Will Keep Louisiana’s Energy Industry Strong

Renewable or not, our federal govt should not be rigging the deck against any energy sources, especially nuclear power that is both clean and consistent.

On Declaring War, Congress De Facto Amended the Constitution

Congress has de facto amended the Constitution by 55 years of refusing to debate matters of war and peace.

AOC – Acting On Cue

It is easy to dislike Alexandria Ocasio-Cortez (AOC), also known as Sandy Cortez, because she is fraudulent and not to smart.

LGBTQ™ Propaganda Roundup: Tampon Tim Walz Fails the Test

LGBTQ™ Propaganda Roundup: Nip/tucking the latest social engineering fisted...

AI is Now an Existential Threat

We now see evidence that artificial intelligence is an existential threat to our future. It is coming to take American jobs!

DOJ Sues LA Over Sanctuary City Policies: 4 Things to Know

DOJ filed a lawsuit against Los Angeles over what it said are “sanctuary city” policies that shield illegal immigrants from deportation efforts.

Rep. Dusty Johnson Will Run for Governor of South Dakota

U.S. Rep. Dustin Michael “Dusty” Johnson has announced that he will run for governor of South Dakota during the general election to that office in 2026.

Moderna to Ask for Clearance for Combination COVID-Influenza Vaccine

Moderna is going to ask regulators to approve its combination vaccine against COVID-19 and influenza, the company said on June 30.

FBI Says It’s Uncovered ‘Largest Health Care Fraud’ in American History

FBI and DOJ said $15 billion in losses was reported in “largest health care fraud” investigation in U.S. history. Officials charged more than 300 people.

Federal Reserve ‘Should Be Ashamed’ for Not Lowering Interest Rates, Trump Says

President Donald Trump said Federal Reserve Chair Jerome Powell and his colleagues “should be ashamed” for not lowering interest rates.

Trump Signs Executive Order to Lift Sanctions on Syria

President Trump signed an EO on June 30 to lift most sanctions on Syria, giving the Middle-Eastern country an opportunity to develop economically.

Canada-US Trade Talks Will End Until ‘Certain Taxes’ Are Dropped, Trump Stresses

Trade discussions between Canada and the United States will end “until such time as they drop certain taxes,” U.S. President Trump said in an interview.

Trump Says US to Send Tariff Letters to Trade Partners Before July 9 Deadline

President Donald Trump said Sunday he will soon send letters to trading partners detailing the tariffs to be imposed on their exports to the United States.
spot_img

Related Articles