Speaker of the House Kevin McCarthy (R-CA) delivered remarks at the New York Stock Exchange on Monday morning that warned of the brewing debt ceiling showdown and torched President Joe Biden for being unwilling to work toward a solution.
McCarthy pointed out that the economic woes facing Americans today are the result of “two short years” in which President Biden and Democrats in Congress added trillions of dollars to the nation’s debt and undermined programs such as Social Security and Medicare.
“We are seeing, in real-time, the effects of reckless government spending,” McCarthy said in New York. “Record inflation, and the hardships it causes, rising interest rates, supply chain shortages, instability in the banking system, and uncertainty across the board.” Read more…
