South Carolina GOP Rep. Nancy Mace has unequivocally stated her opposition to the debt ceiling deal negotiated between House Speaker Kevin McCarthy and President Biden. In a series of tweets, Mace announced her resolute decision to vote against the agreement, emphasizing her commitment to protecting the future of our nation.
Mace’s primary objection centers around the fact that the bipartisan debt ceiling package not only normalizes but also perpetuates record-high spending levels that were initiated during the pandemic. By setting these excessive spending levels as the baseline for future expenditures, the government continues to grow at an alarming rate, burdening the American people with insurmountable debt.
Despite minor cuts to discretionary spending over the next two years, Mace points out that we are still faced with an additional $6 trillion in spending. This is an exorbitant amount that places an unfair burden on hardworking taxpayers who are already struggling to make ends meet.
Mace draws attention to the significant growth of the government over the past three years, intended to be emergency funding during the COVID crisis. However, this growth amounted to a staggering 40%, translating to a $2 trillion increase from 2019 to 2023. The debt ceiling deal fails to address this excessive growth and, instead, solidifies it as the new standard for future spending.
Furthermore, Mace raises concerns about the absence of a genuine debt limit in the agreement. The deal suspends the debt ceiling entirely until January 2, 2025, without any real cap. The projected $2 trillion deficit in six years relies on imaginary spending caps that are not binding in this deal.
Mace also sheds light on the flaws in the Pay-As-You-Go provision, which render it virtually meaningless. The American people overwhelmingly support Congress reducing spending as part of any debt ceiling agreement, yet this bill falls disappointingly short of meeting that expectation.
Mace’s principled opposition to this flawed debt ceiling plan underscores her commitment to responsible fiscal management and accountability. She urges her fellow Republicans to unite against this bill and demand change, emphasizing that Washington’s reckless spending habits must be curbed.
Stay tuned for more updates on this critical issue as Republican leaders work to protect the interests of the American people and secure a prosperous future for our nation.
Source Fox News