{"id":1917553,"date":"2023-04-21T05:55:21","date_gmt":"2023-04-21T09:55:21","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/white-house-blasts-gop-debt-ceiling-proposal-blueprint-to-devastate-american-families\/"},"modified":"2023-04-21T06:00:04","modified_gmt":"2023-04-21T10:00:04","slug":"white-house-blasts-gop-debt-ceiling-proposal-blueprint-to-devastate-american-families","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/white-house-blasts-gop-debt-ceiling-proposal-blueprint-to-devastate-american-families\/","title":{"rendered":"White House Blasts GOP Debt-Ceiling Proposal: \u2018Blueprint to Devastate\u2019 American Families"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fwhite-house-blasts-gop-debt-ceiling-proposal-blueprint-to-devastate-american-families%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1917553&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"post_content\">\n<div class=\"aplayer_app\" data-source=\"https:\/\/vs1.youmaker.com\/assets\/2023\/0420\/6d1a1a29-1a71-4408-8b07-121443ef7835\/audio.mp3?length=6003405&#038;duration=500\"><\/div>\n<\/p>\n<p>White House press secretary Karine Jean-Pierre has issued a sharply critical statement on the Republican debt-ceiling proposal, calling it a\u00a0\u201cblueprint to devastate hard-working American families\u201d and accusing the GOP of \u201cholding the American economy hostage\u201d in order to push for spending cuts.<\/p>\n<p>Her statement, <a href=\"https:\/\/www.whitehouse.gov\/briefing-room\/statements-releases\/2023\/04\/20\/statement-from-press-secretary-karine-jean-pierre-on-speaker-mccarthys-proposal\/\">issued on<\/a> Thursday, builds on a <a href=\"https:\/\/www.whitehouse.gov\/briefing-room\/speeches-remarks\/2023\/04\/20\/remarks-by-president-biden-on-his-vision-for-the-economy\/\">rebuke of<\/a> the Republican plan by President Joe Biden on Wednesday, who called it a \u201cMAGA economic agenda\u201d to cut benefits for \u201cfolks they don\u2019t seem to care much about.\u201d<\/p>\n<p>The United States reached its $31.4 trillion debt ceiling in January, leaving it to a politically divided Congress to raise the cap and allow the government to keep paying its bills.<\/p>\n<p>Democrats have insisted on a bill with no preconditions to raise the debt ceiling, while Republicans have demanded spending cuts in exchange for their support to lift the borrowing cap.<\/p>\n<p>House Republicans on Wednesday\u00a0<a href=\"https:\/\/www.theepochtimes.com\/house-gop-unveils-debt-limit-bill-proposes-1-5-trillion-debt-ceiling-increase_5206496.html\">introduced legislation<\/a> to raise the debt ceiling by $1.5 trillion or until March 31, 2024, whichever comes first, while laying out a series of spending cuts.<\/p>\n<p>\u201cIf Washington wants to spend more, it will have to come together and find savings elsewhere, just like every household in America,\u201d McCarthy said on the House floor on Wednesday.<\/p>\n<p>\u201cPresident Biden has a choice. Come to the table and stop playing partisan political games, or cover his ears, refuse to negotiate, and risk bumbling his way into the first default in our nation\u2019s history,\u201d McCarthy added.<\/p>\n<p>Reacting to the Republican plan, the White House press secretary <a href=\"https:\/\/www.whitehouse.gov\/briefing-room\/statements-releases\/2023\/04\/20\/statement-from-press-secretary-karine-jean-pierre-on-speaker-mccarthys-proposal\/\">issued a statement<\/a>\u00a0that accused McCarthy of siding with \u201cextreme MAGA\u201d Republicans and calling the proposal a \u201cblueprint to devastate hard-working American families.\u201d<\/p>\n<p>\u201cMAGA House Republicans are holding the American economy hostage in order to take a hatchet to programs Americans rely on every day to make ends meet,\u201d she said.<\/p>\n<p>Jean-Pierre argued that if Republicans vote for the bill, they will be supporting measures that cut funding for programs like education, veterans medical care, cancer research, Meals on Wheels, food safety, and law enforcement.<\/p>\n<p>Biden on Wednesday accused the Republican proposal of being \u201cnot about fiscal discipline\u201d but about \u201cfinding ways to squeeze out more of America\u2019s middle class.\u201d<\/p>\n<figure id=\"attachment_5207930\" style=\"width: 640px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/img.theepochtimes.com\/assets\/uploads\/2023\/04\/19\/id5207930-Biden_Maryland-1200x800.jpg\"><figcaption class=\"wp-caption-text\"><noscript><\/noscript><\/figcaption><\/a> President Joe Biden delivers remarks on the economy at an International Union of Operating Engineers Local 77 union training facility in Accokeek, Md., on April 19, 2023. (Nathan Howard\/Getty Images)<\/figure>\n<h2>GOP Debt-Ceiling Plan<\/h2>\n<p>Called the\u00a0<a href=\"https:\/\/www.documentcloud.org\/documents\/23783980-lsga_xml?responsive=1&#038;title=1\" target=\"_blank\" rel=\"noopener\">Limit, Save, Grow Act of 2023,<\/a>\u00a0the 320-page bill calls for returning discretionary spending to 2022 levels, capping spending growth to 1 percent per year, and repealing certain tax credits.<\/p>\n<p>The plan would also cancel Biden\u2019s student loan forgiveness program, take back unspent COVID-19 relief funds, remove barriers to increased domestic energy production, and reimpose work requirements for many people collecting welfare.<\/p>\n<p>Specifically, the plan proposed by Republicans would decrease Congress-approved annual spending to $1.47 trillion and cap growth at 1 percent annually over the next 10 years, effectively acting as a spending cut. The caps would not apply to benefit programs such as Social Security and Medicare, however.<\/p>\n<p>The plan would also cancel the remaining money from the $5.2 trillion in COVID-19 relief programs Congress approved between 2020 and 2022. According to the White House, less than $80 billion of this remained unspent in January, with most of the money earmarked for union pension funds, veterans\u2019 health care, and medical research.<\/p>\n<p>President Biden\u2019s efforts to cancel approximately $400 billion in student debt is also on the chopping block. Republicans have argued that the student debt wipeout is unfair to those who didn\u2019t rack up loans to go to college or who sacrificed to pay off their debts.<\/p>\n<p>The plan would also repeal incentives for renewable energy, electric vehicles, and other supposedly green technology that Democrats passed last year as part of the Inflation Reduction Act.<\/p>\n<p>The Republican plan would also stiffen work requirements for participants in the Supplemental Nutrition Assistance Program (SNAP) that provides grocery money for low-income people.<\/p>\n<p>The plan would also give Congress more power to review new rules put forward by the executive branch, potentially giving Republicans more power to block regulations they consider harmful.<\/p>\n<p>The package includes a fossil-fuel bill aimed at promoting energy development on federal lands, reducing regulations, and eliminating Democratic-backed climate incentives.<\/p>\n<figure id=\"attachment_5162197\" style=\"width: 640px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/img.theepochtimes.com\/assets\/uploads\/2023\/03\/31\/id5162197-GettyImages-1411639795-1200x800.jpg\"><figcaption class=\"wp-caption-text\"><noscript><\/noscript><\/figcaption><\/a> Rep. Kevin McCarthy (R-Calif.) answers questions during a press conference at the U.S. Capitol in Washington, on July 29, 2022. (Win McNamee\/Getty Images)<\/figure>\n<h2>X-Date<\/h2>\n<p>After the United States reached the $31.4 trillion debt cap in January, the Treasury Department started resorting to so-called \u201cextraordinary measures\u201d to keep making payments on outstanding federal debt obligations and keep the government from defaulting. These extraordinary measures, however, will run out at some point.<\/p>\n<p>The federal government could reach the moment when it will no longer be able to meet its financial obligations\u2014known as the X-date\u2014as early as June 5, according to a January letter (<a href=\"https:\/\/home.treasury.gov\/system\/files\/136\/Debt-Limit-Letter-to-Congress-20230119-McCarthy.pdf\">pdf<\/a>) to lawmakers from Treasury Secretary Janet Yellen.<\/p>\n<p>When the X-date is reached and there\u2019s no agreement to lift the debt cap, Treasury will be unable to issue any more bills, bonds, or notes. It could only make payments on its debt obligations from tax revenues.<\/p>\n<p>Yellen is expected in the next few days to revise the X-date, which analysts have generally put at a later date than June 5, seeing it as a worst-case scenario that she presented to lawmakers in her letter.<\/p>\n<figure id=\"attachment_5130675\" style=\"width: 640px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/img.theepochtimes.com\/assets\/uploads\/2023\/03\/17\/Yellen-GettyImages-1473959945-1200x800.jpg\"><figcaption class=\"wp-caption-text\"><noscript><\/noscript><\/figcaption><\/a> Treasury Secretary Janet Yellen testifies about the Biden administration\u2019s Fiscal Year 2024 federal budget proposal before the Senate Finance Committee in the Dirksen Senate Office Building on Capitol Hill in Washington, on March 16, 2023. (Chip Somodevilla\/Getty Images)<\/figure>\n<p>The nonpartisan Congressional Budget Office (CBO) <a href=\"https:\/\/www.cbo.gov\/publication\/58906\">has projected<\/a> that the X-date<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>White House press secretary Karine Jean-Pierre has issued a sharply critical statement on the Republican debt-ceiling proposal, calling it a\u00a0\u201cblueprint to devastate hard-working American families\u201d and accusing the GOP of \u201cholding the American economy hostage\u201d in order to push for spending cuts. Her statement, issued on Thursday, builds on a rebuke of the Republican plan<\/p>\n","protected":false},"author":118,"featured_media":1917554,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[543],"tags":[4123,3675,10322,22936,22776,5401,6203,3653,5210,3765],"class_list":["post-1917553","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-epoch-times","tag-american","tag-blasts","tag-blueprint","tag-debt-ceiling","tag-devastate","tag-families","tag-gop","tag-house","tag-proposal","tag-white"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1917553","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/118"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1917553"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1917553\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1917554"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1917553"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1917553"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1917553"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}