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McCarthy Calls for Spending Cuts to Raise Debt Ceiling

  • #Finance
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story
JAN 2023
Image copyright: Reuters
story last updated JAN 2023

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.

Townhall

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.

MSNBC

Metaculus Prediction


Political split

LEFT

RIGHT

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