A conservative group of lawmakers in the House just released a plan to deal with the debt ceiling through major spending cuts.On Friday, the House Freedom Caucus, comprised of far-right GOP lawmakers, unveiled a plan entitled"Shrink Washington, Grow America" to raise the debt ceiling"contingent upon" legislation that would end President Joe Biden's student-debt relief, rescind unspent COVID-19 funds, and recoup IRS and climate spending, among other things.
According to the Caucus' fact sheet, they are proposing to cap future spending at the 2022 level for ten years, which will"cut $131 billion in FY2024 and save roughly $3 trillion over the long term by cutting the wasteful, woke, and weaponized federal bureaucracy.""We are here to ensure that we do not default on our nation's debt," Freedom Caucus member Lauren Boebert said during a Friday press conference.
"And the question that we all face isn't, what was the financially responsible thing to do last year? In the last Congress, we fought like hell to make sure that we weren't spending recklessly here in Washington DC, and unfortunately, we did not have the power of the pen, we did not have the power of the gavel, and we certainly did not have the power of the purse under Democrat rule," Boebert continued.
This is not the first time Republican lawmakers have targeted student-debt relief in a proposal to cut spending. The House GOP Budget Committee included blocking the relief in its
DemocraticDaisy Pretty sure Boebert has no college loans.
Make the deadbeats pay their bills!
Good. No reason these deadbeats shouldn’t pay their debt.
It's spelled 'Cock-us', for the record.
This is 'reduce the national debt 101'
When you use their chosen name and fail to mention their track record of authoritarianism and white nationalism, you do the public discourse a disservice. It is important not to adopt their language when engaging with autocratic liars and traitors.
Probably wouldn't be blocked by anyone if it was actually forgiveness instead of a bank/university bailout paid for by taxpayers
Throttle the future.