McCarthy Says Biden Beholden To ‘Radical Socialists,’ POTUS Calls GOP Debt Ceiling Position ‘Extreme’ | Eastern North Carolina Now

    Publisher's Note: This post appears here courtesy of the The Daily Wire. The author of this post is Jeffrey Cawood.

    President Joe Biden said he would discuss the debt limit with House Speaker Kevin McCarthy (R-CA) via telephone from Air Force One as he returns home from Japan after the top Republican accused him of being beholden to "radical socialists" as a potential default looms.

    Biden spoke to the media on Sunday from Japan as he prepared to return to the U.S. from the G7 summit. He told reporters he's "hoping Speaker McCarthy is just waiting to negotiate with me" and suggested invoking the 14th Amendment to raise the debt ceiling. The Biden administration has warned that the U.S. could run out of money as soon as June 1.

    "I've done my part," Biden insisted. "Now it's time for the other side to move from its extreme positions because much of what they've proposed is simply, quite frankly, unacceptable."

    "It's time for Republicans to accept that there's no bipartisan deal to be made solely, solely on their partisan terms," he added.

    Biden said he told world leaders at the meeting that he could not guarantee that Republicans would not force a default "by doing something outrageous."

    McCarthy lashed out at Biden on Saturday evening on Twitter, claiming the president would prefer a default to disappointing the extreme leftists he says pull the Democrats' strings.

    "President Biden doesn't think there is a single dollar of savings to be found in the federal government's budget," tweeted McCarthy. "He'd rather be the first president in history to default on the debt than to risk upsetting the radical socialists who are calling the shots for Democrats right now."

    Earlier on Saturday, McCarthy tweeted, "The White House is moving backward in negotiations," adding, "Unfortunately, the socialist wing of the Democrat Party appears to be in control - especially with President Biden out of the country."

    The debt ceiling, a statute established by Congress that prevents the government from spending beyond a predetermined national debt limit of $31.4 trillion, exceeded the threshold earlier this year.

    Last week, both parties indicated that they had made progress on the matter, with a statement from the White House characterizing the discussion as "productive and direct" and remarks from McCarthy saying that it might be possible to get a deal done soon.

    A default would likely cause a recession as the federal government, a major borrower of funds that investors across the world broadly consider to be reliable, fails to repay obligations. The national debt, which now surpasses $31.7 trillion, is meanwhile a source of persistent financial risk for the United States and a damper on long-term economic growth. Elevated interest rates on the national debt have recently weighed on the budget as lawmakers are forced to devote more revenues toward servicing the obligations rather than funding programs.

    Ben Zeisloft contributed to this report.

poll#145

After one full year of the Biden /Harris Administration: Does Joe Biden have the intellectual capacity, and, or the energy to lead the United States of America through the mess that he predominately created ... in just one year?

  Yes

  No

  Unsure

1,222 total vote(s)     What's your Opinion?

poll#164

It has been far too many years since the Woke theology interlaced its canons within the fabric of the Indoctrination Realm, so it is nigh time to ask: Does this Representative Republic continue, as a functioning society of a self-governed people, by contending with the unusual, self absorbed dictates of the Woke, and their vast array of Victimhood scenarios?

  Yes, the Religion of Woke must continue; there are so many groups of underprivileged, underserved, a direct result of unrelenting Inequity; they deserve everything.

  No; the Woke fools must be toppled from their self-anointed pedestal; a functioning society of a good Constitutional people cannot withstand this level of "existential" favoritism as it exists now.

  I just observe; with this thoughtful observation: What will happen "when the Vikings are breeching our walls;" how do the Woke react?

848 total vote(s)     What's your Opinion?