Categories: Economy

Joe Biden will not accept the cuts that the Republicans are asking for

He The President of the United States, Joe Bidenwon’t allow 30% cuts in items like education or safety, as Republicans claim, in order to reach a budget deal that avoids freeze payments.

“That will not happen with the president in charge,” the spokeswoman said White House, Karine Jean-Pierreafter listening to the Speaker of the House of Representatives and the leader of the Republicans in Congress Kevin McCarthy this morning, among his demands he pointed out that the Government spends less than last year.

Jean-Pierre He warned that avoiding a suspension of payments “is not a concession” by Congress, but an obligation. “That’s his job. Period,” he said.

He added that it was a “fictional crisis” of the most conservative wing Congress. “Listen to the members of the caucus for freedom (who make up the most ideologically right-wing congressmen), who are honest and openly and loudly say that they are taking the country’s credit hostage,” he added.

In any case, she is convinced that in the end the state, which has never suspended payments, will not do so now either. A confirmation that is also given before your own McCarthy.

Spokesperson for White House said as much Biden as McCarthy They agree that suspension of payment is out of the question and on that premise the president’s team will continue to work and “negotiate in good faith”.

In any case, he insisted that Biden would not accept even the tax cuts that Republicans are defending and that, according to his own calculations, congressional budget officehe said, they can increase the debt by 3.5 trillion in the next decade.

for the legislator Democrat Pramila Jayapal, chairwoman of the Congressional Progressive Caucusthe Republicans are entirely to blame for the fact that the country is doomed to bankruptcy next June 1st, the date on which the Treasury Department expects reserves to disappear.

“They are ready to break the economy because they want to continue their business extreme cutouts for the richest companies and billionaires. And guess what, they want working people to fund them.”

The situation, he added, is neither normal nor should it be perceived as such. “Spending is negotiated during the budget. “Raising the debt ceiling is separate from the implementation of what Congress It has already been approved,” he said.

jayapal He emphasized that the time to make a decision is running out. “Very very soon the moment will come when (Republicans) will have to choose between their voters and their country. The problem is McCarthy and extremist republicans”.

Source: Panama America

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