-
Stay ahead of the economic challenges on the horizon with a free subscription to The Economic Collapse Substack.
Republican Gov. Ron DeSantis of Florida ripped House Speaker Kevin McCarthy on Monday over the debt ceiling deal, calling it “totally inadequate” when it came to addressing spending.
“Prior to this deal, Kayleigh, our country was careening toward bankruptcy and after this deal, our country will still be careening toward bankruptcy,” DeSantis said to “Fox and Friends” guest host Kayleigh McEnany.
“To say you can do $4 trillion of increases in the next year and a half, I mean, that is massive amount of spending,” DeSantis continued. “I think that we’ve gotten ourselves on a trajectory, really since March of 2020 with some of the COVID spending and totally reset the budget and they are sticking with that and I think that is totally inadequate to get us in a better spot.”
McCarthy released the text of the Fiscal Responsibility Act on Sunday evening, which increases the debt ceiling through Jan. 1, 2025, taking it past the 2024 presidential election. The House is expected to vote on the legislation on Wednesday, following a 72-hour period for members to read the bill, a provision of the rules changes proposed by the Freedom Caucus and agreed to by McCarthy prior to his election as speaker.
The law freezes discretionary spending on non-defense budgetary items at Fiscal Year 2022 levels, adds reforms to permitting for energy projects and places new work requirements on some welfare programs.
Many of those provisions were in the Limit, Save, Grow Act, which passed the House of Representatives by a 217-215 vote on April 26.
All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact [email protected].
It’s becoming increasingly clear that fiat currencies across the globe, including the U.S. Dollar, are under attack. Paper money is losing its value, translating into insane inflation and less value in our life’s savings.
Genesis Gold Group believes physical precious metals are an amazing option for those seeking to move their wealth or retirement to higher ground. Whether Central Bank Digital Currencies replace current fiat currencies or not, precious metals are poised to retain or even increase in value. This is why central banks and mega-asset managers like BlackRock are moving much of their holdings to precious metals.
As a Christian company, Genesis Gold Group has maintained a perfect 5 out of 5 rating with the Better Business Bureau. Their faith-driven values allow them to help Americans protect their life’s savings without the gimmicks used by most precious metals companies. Reach out to them today to see how they can streamline the rollover or transfer of your current and previous retirement accounts.
Bypass Big Tech Censors
-
Stay ahead of the economic challenges on the horizon with a free subscription to The Economic Collapse Substack.