Senate Minority Leader McConnell seems to be in recovery mode with a recent announcement.
After backing a so-called bipartisan infrastructure bill, now he is saying he will not help raise the debt ceiling.
McConnell added that Democrats are trying to “spend our country into oblivion.”
Make Up Your Mind, Mitch
Going through the bipartisan bill, there should be more than enough additional spending in that bill for Democrats.
They, however, are also hoping to use reconciliation for another $3.5 trillion, most of which has nothing to do with actual infrastructure, or at least the traditional definition of infrastructure.
After offering up his support for the bipartisan bill with more than a dozen other Republican senators, McConnell is now making a stand.
Treasury Secretary Janet Yellen has called on Congress to increase the debt ceiling via regular order, meaning it would need 60 votes in the Senate to pass.
She stated, “[I]ncreasing or suspending the debt limit does not increase government spending, nor does it authorize spending for future budget proposals; it simply allows Treasury to pay for previously enacted expenditures.
“In recent years Congress has addressed the debt limit through regular order, with broad bipartisan support.”
“This is a shared responsibility, and I urge Congress to come together on a bipartisan basis as it has in the past to protect the full faith and credit of the United States.”
Read @SecYellen’s full statement on the debt limit today: https://t.co/htSgaXbmI4
— Treasury Department (@USTreasury) August 9, 2021
McConnell is not willing to bend that far.
He stated, “I thought my colleagues were thrilled to present another reckless taxing and spending spree to the American people.
“Shouldn’t Democrats be proud to own all the debt it requires?”
If you look at Yellen’s comments, however, that is all part of the problem.
Congress has regularly extended and extended to the point we now find ourselves looking at close to $30 trillion in debt once these bills pass.
At some point, someone has to say enough.
It is a little late, but at least McConnell finally got the memo.
Source: Fox News