Biden, McCarthy Reach Debt Ceiling Deal — Conservatives Are Outraged

President Joe Biden and Speaker of the House Kevin McCarthy (R-CA) have reportedly reached a debt ceiling deal, and conservatives are angry that McCarthy essentially caved to the Democrats.

Over the past few months, Biden and his team have repeatedly demanded that House Republicans give in to their demands — stating that they would accept nothing less than an increase of the debt ceiling without any conditions. Biden stated multiple times that he would not even negotiate with McCarthy on the issue.

Republicans, on the other hand, wanted Biden and the Democrats to agree to cutting some spending. The GOP ended up passing the “Limit, Save, Grow Act,” which would have raised the debt ceiling through early 2024 while also saving the federal government around $4.8 trillion over the next ten years.

Biden and the Democrats refused to agree to the conditions, and Republicans called for McCarthy to stand his ground and make the president choose between small spending cuts or becoming the first president in history to default.

However, it appears that McCarthy ended up caving to Biden’s demands — and Republicans are not happy about it.

According to Justin Amash, a former Republican congressman for Michigan who left the GOP in 2019, the agreement essentially removes any incentive to cut spending.

“I’ve now reviewed the bill text of the debt ceiling ‘deal,’ and it’s actually worse than I imagined,” Amash tweeted. “It locks in the inflated spending levels of recent years. Under McCarthy’s ‘deal,’ any incentive to cut spending for the rest of this term vanishes. Until January 2, 2025, the Treasury will now have unlimited authority to issue debt to finance commitments requiring payment. It’s the ultimate kick-the-can-down-the-road agreement.”

Rep. Chip Roy (R-TX), a member of the House Freedom Caucus, blasted the agreement on Twitter — outlining the concessions that the GOP was being forced to make.

“There are members of the GOP claiming Democrats got nothing from the ‘deal.’ Oh really? 1) An uncapped debt ceiling with an expiration date – worth approximately $4 trillion…? 2) basically no cuts – a freeze at bloated 2023 spending level? ZERO claw back of the $1.2 Trillion ‘inflation reduction act’ crony giveaways to elite leftists for grid-destroying unreliable energy…? 4) 98% of the IRS expansion left fully in place…? 5) no work requirements for Medicaid? – & only age adjustments for TANF/SNAP…?” he tweeted.

“No REINS act statutory requirement for congress to approve huge regulations – just an ‘administrative’ paygo that the administration will get to enforce? 7) No border security!! – & a deal allowing them to avoid policy riders in the fall… 8) more…” Roy added.

Sen. Mike Lee (R-UT) also responded to the news, writing: “With Republicans like these, who needs Democrats?”

Responding to reports that 100% of Democrats are expected to agree on the deal, Rep. Ken Buck (R-CO) argued that the left will be getting “everything they wanted” and the deal will allow them to avoid defending their “reckless spending” in the upcoming election cycle.

“This pretty much says it all. Democrats got everything they wanted with this bill and don’t have to defend their reckless spending prior to the 2024 election. It’s a win for them,” Buck tweeted.

Sen. Ted Cruz (R-TX) also called out McCarthy specifically, pushing back on the House Speaker’s claims that “there is not one thing in the bill for Democrats.”

“He’s right. There’s not ‘one thing’ for Dems. There are $4 trillion things—a blank check—for Democrats. Plus 87,000 things: new IRS agents to harass Americans. All in exchange for eliminating virtually ALL of the House’s spending cuts,” Cruz tweeted.