Debt ceiling deal criticized by Democratic presidential hopeful

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Debt ceiling deal criticized by Democratic presidential hopeful

The debt ceiling deal between President Joe Biden and House Speaker Kevin McCarthy has been criticized by Democratic presidential candidate Marianne Williamson, saying the agreement had nothing to do with fiscal responsibility and harms the most vulnerable.

Economic terrorists negotiateed with the debt ceiling deal. It protects those who don't need protection - who if anything should be held more accountable - and it inflicts harm on people who are most vulnerable, Williamson said.

She criticized McCarthy for pointing to the funding limitations of the Internal Revenue Service. It had nothing to do with fiscal responsibility, he said. If McCarthy had really been about fiscal responsibility, he would have been open to cutting the military budget as well as letting Biden spend money on tax agents who would have caught wealthy tax cheaters, the presidential candidate said.

Situations like this just keep moving the Overton window further and further away from a government of the people, by the people, and for the people, she said.

In recent developments surrounding the borrowing limit agreement, Republican opposition to the deal is raising concerns over whether the bill could sail smoothly through Congress before June 5 when the government is expected to run out of options to finance itself.

Florida Governor Ron DeSantis, a 2024 Republican presidential candidate, said the deal did not do enough to change the fiscal trajectory. Our nation is on the verge of bankruptcy, and after this debt ceiling deal, it will continue to be careening towards bankruptcy. The deal greenlit $4 trillion in new debt over the next year and a half, Locking in inflated levels of spending from COVID and keeps 98% of the Biden IRS expansion, he wrote on Twitter.

The House Rules Committee will take up the bill on Tuesday, as part of a necessary step before a vote in the full House.

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