The House passed the McCarthy-Biden debt ceiling bill late Wednesday night because of course they did.
Man, Speaker Kevin McCarthy touted the heck out of this deal but, um, more Democrats voted for it than Republicans.
I wrote about the cuts in the bill but it’s nothing to celebrate because it’s not enough and gives the Treasury free run to borrow money.
It cuts $136 billion. Our deficit is $1.4 trillion. This isn’t going to put a dent in anything.
The bill passed in a 314-117 vote that saw majorities in both parties support the agreement, which also meets the GOP demand of cutting nondefense discretionary spending over the next two years. Republicans supported the bill by a 149-71 margin, and Democrats supported it 165-46.Democrats took credit for helping get the bill across the finish line. Earlier in the day, 52 Democrats made the rare move of voting with Republicans in a procedural vote to keep the bill alive.”I thank House Democrats for your steady hand, for your unity of purpose, for your efforts to make sure that we push back the extreme mega Republican efforts to jam right wing cuts down the throats of the American people that would have undermined the health, the safety and the economic well-being of everyday Americans,” Minority Leader Hakeem Jeffries said on Wednesday night.”From the very beginning, House Democrats were clear that we will not allow extreme MAGA Republicans to default on our debt, crash the economy or trigger a job killing recession. Under the leadership of President Joe Biden, Democrats kept our promise and we will continue,” he said.
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