(PatriotNewsDaily.com) – Florida Governor Ron DeSantis criticized the “massive” spending in the debt ceiling deal that House Speaker Kevin McCarthy and President Joe Biden agreed on over the weekend.
The two men announced a tentative deal that would increase the $31.5 trillion debt limit for two years while also reducing federal spending. The deal was reached only days before the United States is expected to default on its debt. Experts have stated that if the country is allowed to default on its debt then there could be a devastating effect on the global economy.
The deal in question was a compromise where both sides had to back down on the things they had wanted in order for the debt limit to be increased until January 2025. As part of the deal, the 2024 and 2024 budgets are going to be capped, any unused COVID-19 relief funds will be repealed, and the Internal Revenue Service (IRS) funding will be cut. Additional work requirements will also be added to the food aid programs.
Still, many conservatives have criticized the deal for not including enough spending cuts. Many lawmakers have also threatened to not vote in favor of the deal.
DeSantis, who joined the presidential race last week, spoke about the debt ceiling deal during a Monday morning appearance on Fox & Friends. He specifically noted that before this deal was reached the country was moving towards bankruptcy and that after this deal it is still “careening toward bankruptcy.” He added that claiming you can do an additional “$4 trillion of increases” in one and a half years means that the amount of spending will be large.
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