{"id":68168,"date":"2023-05-30T17:50:51","date_gmt":"2023-05-30T21:50:51","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/desantis-scorches-totally-inadequate-debt-ceiling-deal-we-are-careening-toward-bankruptcy-68168"},"modified":"2023-05-30T17:50:51","modified_gmt":"2023-05-30T21:50:51","slug":"desantis-scorches-totally-inadequate-debt-ceiling-deal-we-are-careening-toward-bankruptcy","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/desantis-scorches-totally-inadequate-debt-ceiling-deal-we-are-careening-toward-bankruptcy-68168","title":{"rendered":"DeSantis scorches ‘totally inadequate’ debt ceiling deal: We are ‘careening toward bankruptcy’"},"content":{"rendered":"
\n

Florida Governor and GOP presidential candidate Ron DeSantis ripped the bipartisan debt ceiling bill<\/a> reached between House Speaker Kevin McCarthy, R-Calif. and President Biden as “totally inadequate” on Monday, arguing that it will do nothing to stop the country from “careening toward bankruptcy.”<\/p>\n

Both McCarthy and Biden reached a final agreement on the debt limit bill on Sunday, averting a potentially catastrophic default on the country\u2019s financial obligations just days ahead of a June 5 deadline.<\/p>\n

In an interview on “Fox & Friends,” DeSantis, who officially announced last week<\/u><\/a> that he would seek the Republican presidential nomination in 2024, said the tentative bill requires a “massive amount of spending” that will add trillions in U.S. debt without offering any significant spending cuts.<\/p>\n

SPEAKER MCCARTHY DEFENDS BUDGET COMPROMISE AS CONSERVATIVES BALK: ‘A STEP IN THE RIGHT DIRECTION’<\/u><\/strong><\/a><\/p>\n

“Prior to this deal, our\u00a0country was careening toward\u00a0bankruptcy and after this deal,\u00a0our country will still be\u00a0careening toward bankruptcy,” DeSantis said<\/a>.\u00a0<\/p>\n

“And to say you can do $4 trillion of increases\u00a0in the next year and a half,\u00a0that is a massive amount of spending,” he added, referencing the <\/strong>$4 trillion debt increase required for the U.S. to reach in order to extend two years of borrowing, as detailed in the bill.<\/p>\n

“I think that we\u2019ve gotten on a trajectory here\u00a0really since March of 2020 with some of the COVID spending. It totally reset the budget, and they are\u00a0sticking with that, and I think that is\u00a0going to be totally inadequate to get us in\u00a0a better spot.”<\/p>\n

LAWMAKERS REACT TO DEBT CEILING BILL REACHED BETWEEN HOUSE GOP AND BIDEN<\/strong><\/a><\/p>\n

DeSantis joined a chorus of prominent Republicans who have criticized the deal since the details of the agreement were published Sunday night. Rep. Chip Roy, R-Texas, a key member the House Freedom Caucus (HFC), suggested Tuesday that he would consider ousting Kevin McCarthy from leadership<\/u><\/a> as House speaker over the bill if Republicans do not stop it in committee.<\/p>\n

Sen. Lindsey Graham<\/u><\/a>, R-S.C., vowed he would do everything within his power to “undo” the debt ceiling bill and the “disaster” he said it would be for America’s defense.<\/p>\n

“[I] Have total disgust for political leaders\u2019 decision to make it remotely possible to gut our national security apparatus at a time of great peril. Take this absurd idea off the table,” he wrote on Twitter.<\/p>\n

South Carolina GOP Rep. Nancy Mace<\/u><\/a> announced on Tuesday that she is a “no” vote on the debt ceiling deal, writing that “Republicans got outsmarted by a President who can\u2019t find his pants.”<\/p>\n

DeSantis said the bill is nothing more than a Band-Aid for politicians to get “through the next election.”<\/p>\n

CLICK HERE TO GET THE FOX NEWS APP<\/u><\/strong><\/a><\/p>\n

“In Florida, we run big budget\u00a0surpluses.\u00a0We have a $1.2 trillion economy, but our debt is only $17 billion,\u00a0second lowest per capita in the\u00a0country,” he said. “We make tough choices, and we make sure that we look\u00a0forward to the long-haul.\u00a0Obviously, in Washington, they do these cycles to\u00a0just get through the next election,\u00a0and that is one of the reasons why they continue\u00a0to fail.”<\/p>\n

Meanwhile, Republican leadership has been touting the debt ceiling deal negotiated with Biden as a win for conservatives.<\/p>\n

The House Rules Committee was meeting Tuesday to prepare the debt ceiling bill for a House vote.<\/p>\n<\/div>\n

Source – https:\/\/www.foxnews.com\/media\/desantis-scorches-totally-inadequate-debt-ceiling-deal-careening-toward-bankruptcy <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Florida Governor and GOP presidential candidate Ron DeSantis ripped the bipartisan debt ceiling bill reached between House Speaker Kevin McCarthy, R-Calif. and President Biden as […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[16563],"tags":[],"stock_ticker":[],"class_list":["post-68168","post","type-post","status-publish","format-standard","hentry","category-market-news","entry"],"acf":[],"yoast_head":"\nDeSantis scorches 'totally inadequate' debt ceiling deal: We are 'careening toward bankruptcy' - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cablemanpro.com\/wallstreetpr\/desantis-scorches-totally-inadequate-debt-ceiling-deal-we-are-careening-toward-bankruptcy-68168\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DeSantis scorches 'totally inadequate' debt ceiling deal: We are 'careening toward bankruptcy' - 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