Anonymous ID: 83a65d May 30, 2023, 4:29 p.m. No.18927071   🗄️.is đź”—kun   >>7309 >>7582 >>7690 >>7773

From colleague Kelly Phares. GOP SC Rep Mace: There's no cap on the debt limit. There really no spending cuts..that's not a cut and the American people want spending cuts that is not what this bill does. I think it's disingenuous

 

Mace: I think it's dishonest..the bill of goods that were sold on this thing..it's really just government as usual.

 

Mace is a no: I'm not flipping…that's just basically a hope and a dream and a handshake that you're going to commit to those spending caps when you may not even be in the majority two years from now. It's bullshit. It's just it's a lie to the American people

 

Mace on if they should move to vacate the chair and call for a new Speaker: I think that's premature

 

https://twitter.com/ChadPergram/status/1663688597923323904

Anonymous ID: 83a65d May 30, 2023, 4:32 p.m. No.18927082   🗄️.is đź”—kun   >>7309 >>7582 >>7690 >>7773

I am voting NO on the debt ceiling deal which does nothing to reform Washington’s spending addiction or address the core drivers of our nation’s nearly $32 trillion (and growing!) national debt.

 

The fact of the matter is that our national debt is either a national security threat or it is not. I was not sent to Washington to perpetuate bad fiscal policy, and voting in favor of this bill would do just that.

 

If we are to truly address our nation’s fiscal solvency, we must have serious and uncomfortable conversations about the true drivers of our debt. That did not happen during this “deal.”

 

In the era of sky-high inflation and rising interest rates, my constituents in the Upstate of South Carolina have had to make some tough decisions. It is past time for Washington to do the same.

 

I am voting no to increasing the nation’s credit card limit until we implement real change. There is simply too much at stake.

 

https://twitter.com/RepTimmons/status/1663682545119121408

Anonymous ID: 83a65d May 30, 2023, 4:44 p.m. No.18927113   🗄️.is đź”—kun   >>7309 >>7582 >>7690 >>7773

CBO Verdict on the McCarthy Bill.

 

Overall Budgetary Effects of H.R. 3746

 

-if H.R. 3746 was enacted [] the agency’s projections of budget deficits would be reduced by about $1.5 trillion

-Reductions [(Projected)] would amount to $1.3 trillion over the 2024–2033 period

-Mandatory spending would, on net, decrease

by $10 billion, and revenues would, on net, decrease by $2 billion over the

2023–2033 period (see Table 4). As a consequence, interest on the public debt

would decline by $188 billion.

-A breach of those limits would be addressed by the Administration using

sequestration procedures.

 

Funding for the Internal Revenue Service and Related Agencies

-CBO estimates, title II would decrease outlays by

$1.4 billion and decrease revenues by $2.3 billion over the 2023–2033 period,

resulting in a net increase in the deficit of $900 million over that period.

 

SNAP and TANF

-.f an increase of

$2.1 billion for SNAP and a reduction of $5 million for TANF

-CBO estimates that all of the changes to SNAP work requirements would

increase direct spending by $2.1 billion over the 2023–2033 period

 

1/2

 

https://www.cbo.gov/system/files/2023-05/hr3746_Letter_McCarthy.pdf