The supposed deal is a win for the liberal wing Democrats. What we are seeing thus far is a $35,000,000,000,000 (35 trillion) deficit by the end of 2024. The interest on the debt will be in the tune of SIX TRILLION (17%). The tax and spend philosophy will never stop. Spending ourself away to oblivion spells bankruptcy. Expect inflation to stick in the 5% plus range ad infinitum. Treasury notes, bills and bonds will need to offer interest rates as high as 6% or higher to attract funds. This is a bubble that is getting bigger and bigger. Does McCarthy understand basic math. Perhaps he sees a Republican takeover in 2024 which if it happens with a Trump victory the blade will come out to cut the meat to the bone.
https://www.usdebtclock.org/
https://www.foxnews.com/politics/republican-rep-rosendale-vote-against-4-trillion-debt-ceiling-deal-insult-american-people
https://www.foxnews.com/politics/republicans-secure-massive-gas-pipeline-approval-debt-ceiling-deal
Biden laughing all the way to the bank.
