McCarthy Calls for Spending Cuts to Raise Debt Ceiling

Image copyright: Reuters

The Spin


Republican narrative

McCarthy is right that the US cannot just spend into oblivion and recklessly raise its credit limit. This country wastes so much money in ways that the American people don’t even see, and the GOP was elected to its majority on a mandate to bring fiscal responsibility back to Washington.


Democratic narrative

Republicans are using the US economy as a pawn in an extortion scheme to get whatever they want. The US is risking its reputation because the Republican Party does not care if it crashes the economy. If the GOP wants to cut public spending, it can do it the legislative way.


Metaculus Prediction


Political split

LEFT

RIGHT

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