White House Takes Adversarial Posture Toward McCarthy Ahead Of Budget Cut Meeting. Here’s What They Want Him To Do.

White House House Speaker was treated with hostility by officials Kevin McCarthy (R-CA) before his Wednesday meeting at President Joe Biden About the debt ceiling And possible spending cuts

These two officials will meet in the aftermath of the debt ceiling. This is an arbitrary limit placed on the salaries. national debt Congress established, overtook its statutory limit, prompting renewed calls from House Republicans Balance the budget. National Economic Council Director Brian Deese and Office of Management and Budget Direct Shalanda Yayoun said in a memorandum Biden might ask McCarthy if he would commit to preventing default on the national debt.

“As the President has said many times, the United States must never default on its financial obligations,” The memo stated that. “Raising the debt ceiling is not a negotiation; it is an obligation of this country and its leaders to avoid economic chaos. Speaker McCarthy’s unwillingness to-date to taking the threat of default off the table makes him an outlier, including among current and former leaders of his own party.”

McCarthy repeated multiple times during a Sunday Interview CBS News stated that the federal government would never default on its obligations. The memo nevertheless cited statements from Senate Minority Leader Mitch McConnell (R-KY) indicating his refusal to allow a debt default, as well as past statements from President Donald Trump and President Ronald Reagan in which they committed to preserve the nation’s high credit rating.

Biden will also ask McCarthy when the Republicans will publish their budget proposals. According to the memo, cuts would be made to Social Security/Medicare and other areas. “cuts to research, education, and public safety,” Even though McCarthy stated during the CBS News interview, Social Security and Medicare would not be ending, “off the table” During the negotiations. The memo was dated January 30, one day after the interview.

“On March 9, President Biden will release his budget. The budget will show how the President plans to invest in America, continue to lower costs for families, protect and strengthen Social Security and Medicare, and reduce the deficit with tables and numbers showing exactly how his economic and fiscal policies add up to achieve these goals,” The memo was continued. “Speaker McCarthy has said that reducing the deficit is a top priority for him and his Caucus. So far, however, House Republicans have offered up detailed plans to increase the deficit with tax policies that would benefit the wealthiest Americans.”

Both Biden and McCarthy have refused to address Medicare and Social Security. Questions raised It is not clear whether significant spending reductions are possible. These two programs, along with other health initiatives, accounted for 46% of federal budget spending in the previous fiscal year. Data From the Treasury Department.

Social Security has been long considered the third rail of American politics. A large majority of citizens want the benefits of the program to remain the same with no reductions. Nearly half also worry about its continued funding. Data Gallup. According to Gallup, to balance the budget and exempt defense, veteran benefits, Social Security, Medicare, and Medicare from cuts all federal spending must be cut by 85%. Analyse The Committee for a Responsible Federal Budget.

*As an Amazon Associate I earn from qualifying purchases