Biden says U.S. debt took over 200 years to accumulate, knocks GOP for refusal to hike debt limit

  • 📰 WashTimes
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

President Biden criticized House Republicans on Monday for their refusal to hike the debt limit without securing spending cuts, arguing that it took 200 years to accumulate the national debt under both parties.

Mr. Biden said that extreme “MAGA Republicans” devoted to former President Donald Trump had hijacked the GOP and were bringing the nation dangerously close to a fiscal cliff.

“It would be a disaster for the economy, internationally,” said Mr. Biden. “Basically we know so far their plans would explode the deficit.” “I have no interest in brinkmanship — only in doing what is best for the American people,” Mr. McCarthy wrote in a recent letter asking Mr. Biden to start debt limit talks.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

So isn't it about time to reverse the direction?

Biden probably wants to triple that debt in two years. No debt increase, no new taxes, no irresponsible spending.

These politicians are bankrupting our country and putting the money in their pockets…

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 235. in LOANS

Loans Loans Latest News, Loans Loans Headlines