{"id":1942102,"date":"2023-06-01T17:10:08","date_gmt":"2023-06-01T21:10:08","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/democrats-victory-lap-over-mccarthys-debt-ceiling-surrender-tells-you-all-you-need-to-know-about-the-compromise\/"},"modified":"2023-06-01T17:13:30","modified_gmt":"2023-06-01T21:13:30","slug":"democrats-victory-lap-over-mccarthys-debt-ceiling-surrender-tells-you-all-you-need-to-know-about-the-compromise","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/democrats-victory-lap-over-mccarthys-debt-ceiling-surrender-tells-you-all-you-need-to-know-about-the-compromise\/","title":{"rendered":"Democrats celebrate McCarthy&#8217;s debt ceiling surrender, revealing the truth about the &#8216;compromise.&#8217;"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">24<\/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%2Fdemocrats-victory-lap-over-mccarthys-debt-ceiling-surrender-tells-you-all-you-need-to-know-about-the-compromise%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=1942102&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--><h2>Democrats Celebrate Victory After House Passes Controversial Debt Ceiling Bill<\/h2>\n<div>\n<div>\n<figure>\n      <!-- Image goes here --><br \/>\n    <\/figure>\n<p>Democrats are taking a victory lap after the Republican-controlled House of Representatives passed a poorly negotiated <a href=\"https:\/\/docs.house.gov\/billsthisweek\/20230529\/BILLS-118hrPIH-fiscalresponsibility.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">bill<\/a> on Wednesday raising the U.S. debt ceiling into early 2025.<\/p>\n<p>Negotiated behind closed doors by House Speaker Kevin McCarthy, R-Calif., and the Biden administration, the wrongly-named \u201cFiscal Responsibility Act\u201d would permit the federal government \u201cto take on unlimited debt through January 1, 2025,\u201d according to <a href=\"https:\/\/dailycaller.com\/2023\/05\/31\/house-just-passed-fiscal-responsibility-act-heres-whats-in-it\/\" target=\"_blank\" rel=\"noreferrer noopener\">The Daily Caller<\/a>. Wednesday\u2019s final House vote was 314-117, with more Democrats supporting the measure (165) than Republicans (149). Members of the House Freedom Caucus were among those to overwhelmingly <a href=\"https:\/\/www.usatoday.com\/story\/news\/politics\/2023\/06\/01\/who-voted-against-debt-ceiling-deal\/70274464007\/\" target=\"_blank\" rel=\"noreferrer noopener\">oppose<\/a> the bill.<\/p>\n<p>Republicans who opposed the measure, such as <a href=\"https:\/\/twitter.com\/chiproytx\/status\/1663256164618981376?s=20\" target=\"_blank\" rel=\"noreferrer noopener\">Texas Rep. Chip Roy<\/a>, have estimated the bill will allow the federal government to take on roughly $4 trillion in debt by the January 2025 deadline. Meanwhile, the <a href=\"https:\/\/www.congress.gov\/bill\/118th-congress\/house-bill\/2811\/actions\" target=\"_blank\" rel=\"noreferrer noopener\">\u201cLimit, Save, Grow Act<\/a>,\u201d which was passed by House Republicans in April, sought to raise the debt ceiling by an estimated $1.5 trillion through March 2024.<\/p>\n<p>The <a href=\"https:\/\/dailycaller.com\/2023\/05\/31\/house-just-passed-fiscal-responsibility-act-heres-whats-in-it\/\" target=\"_blank\" rel=\"noreferrer noopener\">small cuts<\/a> to federal spending in the Fiscal Responsibility Act include a clawback of $28 billion in unspent Covid funds and a $1.4 billion reduction in the IRS\u2019s $80 billion funding provided by Democrats\u2019 dishonestly-named\u00a0\u201cInflation Reduction Act.\u201d While not included in the bill, McCarthy and President Joe Biden <a href=\"https:\/\/thehill.com\/business\/4026683-debt-ceiling-deal-throws-a-wrench-into-irs-overhaul\/\" target=\"_blank\" rel=\"noreferrer noopener\">purportedly agreed<\/a> to a deal that would repurpose $20 billion in IRS funding over the next two years. Notably, the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/democrats-unveil-government-funding-debt-ceiling-bill-that-gop-has-vowed-to-oppose\/\" title=\"Democrats Unveil Government Funding, Debt Ceiling Bill That GOP Has Vowed To Oppose\">debt ceiling bill<\/a> does not include any provisions related to U.S. border security.<\/p>\n<p>While McCarthy has been marketing the legislation as the greatest thing since sliced bread, Democrats\u2019 reaction to it shows the measure isn\u2019t the win McCarthy and House GOP leadership are making it out to be. Before the bill even passed, <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/democrats-victory-lap-over-mccarthys-debt-ceiling-surrender-tells-you-all-you-need-to-know-about-the-compromise\/\" title=\"Democrats celebrate McCarthy's debt ceiling surrender, revealing the truth about the 'compromise.'\">left-wing propaganda outlets<\/a> like The Daily Beast were running <a href=\"https:\/\/archive.is\/4yjVM\" target=\"_blank\" rel=\"noreferrer noopener\">articles<\/a> cautioning Democrats to \u201crestrain themselves from gloating about the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/senate-majority-leader-schumer-announces-agreement-to-extend-debt-ceiling-until-early-dec\/\" title=\"Senate Majority Leader Schumer announces agreement to extend debt ceiling until early Dec.\">debt limit deal<\/a>. At least not until [it] actually passes.\u201d<\/p>\n<p>\u201cDon\u2019t gloat. Don\u2019t brand the compromise legislation as a win. Don\u2019t brag about the spending cuts and policy changes Republicans failed to squeeze in,\u201d Beast writers Ursula Perano and Sam Brodey advised with bated breath. <\/p>\n<p>Bharat Ramamurti, who serves as Biden\u2019s economic adviser, also championed the \u201cbipartisan\u201d deal during a recent CNN interview, saying the proposed bill \u201chelps preserve \u2026 an incredibly strong set of progressive accomplishments over the last two and a half years.\u201d<\/p>\n<figure>\n      <!-- Image goes here --><br \/>\n    <\/figure>\n<p>Meanwhile, Rep. Brad Sherman, D-Calif., perfectly summarized how Democrats feel about the measure, <a href=\"https:\/\/twitter.com\/elwasson\/status\/1664088476814376962?s=20\" target=\"_blank\" rel=\"noreferrer noopener\">reportedly<\/a> remarking after its passage Wednesday, \u201cNow we are allowed to say it: we rolled them.\u201d <\/p>\n<hr>\n<p>Shawn Fleetwood is a staff writer for The Federalist and a graduate of the University of Mary Washington. He previously served as a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/exclusive-american-freedom-convoy-set-to-launch-on-march-1\/\" title=\"Exclusive: \u2018American Freedom Convoy\u2019 Set To Launch On March 1\">state content writer<\/a> for Convention of States Action and his work has been featured in numerous outlets, including RealClearPolitics, RealClearHealth, and Conservative Review. Follow him on Twitter @ShawnFleetwood<\/p>\n<\/p><\/div>\n<div data-image data-amount=\"5\">\n<h2>Popular<\/h2>\n<ul>\n<li><a href=\"http:\/\/thefederalist.com\/#\"><\/a><\/li>\n<li><a href=\"http:\/\/thefederalist.com\/#\"><\/a><\/li>\n<li><a href=\"http:\/\/thefederalist.com\/#\"><\/a><\/li>\n<li><a href=\"http:\/\/thefederalist.com\/#\"><\/a><\/li>\n<li><a href=\"http:\/\/thefederalist.com\/#\"><\/a><\/li>\n<\/ul><\/div>\n<\/div>\n<h3>Controversial Debt Ceiling Bill Passes House<\/h3>\n<p>The House of Representatives passed a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/meme-lords-just-figured-out-how-to-take-back-the-billions-wall-street-made-profiting-off-lockdowns-the-washington-standard\/\" title=\"Meme Lords Just Figured Out How To Take Back The Billions Wall Street Made Profiting Off Lockdowns\">controversial bill<\/a> on Wednesday, raising the U.S. debt ceiling into early 2025. Negotiated behind closed doors by House Speaker Kevin McCarthy and the Biden administration, the bill would permit the federal government \u201cto take on unlimited debt through January 1, 2025.\u201d<\/p>\n<p>While Republicans who opposed the measure estimate that it will allow the federal government to take on roughly $4 trillion in debt by the January 2025 deadline, Democrats are celebrating their victory. The final House vote was 314-117, with more Democrats supporting the measure than Republicans.<\/p>\n<p>The small cuts to federal spending in the Fiscal Responsibility Act include a clawback of $28 billion in unspent Covid funds and a $1.4 billion reduction in the IRS\u2019s $80 billion funding provided by Democrats\u2019 dishonestly-named\u00a0\u201cInflation Reduction Act.\u201d<\/p>\n<p>Despite House Speaker Kevin McCarthy marketing the legislation as a win, Democrats\u2019 reaction to it shows the measure isn\u2019t the victory McCarthy and House GOP leadership are making it out to be. Before the bill even passed, left-wing propaganda outlets like The Daily Beast were cautioning Democrats to \u201crestrain themselves from gloating about the debt limit deal. At least not until [it] actually passes.\u201d<\/p>\n<p>While the bill does not include any provisions related to U.S. border security, it does allow the federal government to take on unlimited debt for the next four years. Democrats are celebrating their victory, with Rep. Brad Sherman, D-Calif., reportedly remarking after its passage Wednesday, \u201cNow we are allowed to say it: we rolled them.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>debt until 2025, prompting Democrats to celebrate their win. The bill, negotiated by House Speaker Kevin McCarthy and the Biden administration, has been dubbed the &#8220;Fiscal Responsibility Act,&#8221; but it allows the government to take on unlimited debt until 2025.<\/p>\n","protected":false},"author":539,"featured_media":1942103,"comment_status":"open","ping_status":"closed","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":[546],"tags":[10142,8088,7304,5487,3685,7563,10350,18671,6426],"class_list":["post-1942102","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-federalist","tag-ceiling","tag-celebrate","tag-compromise","tag-debt","tag-democrats","tag-mccarthys","tag-revealing","tag-surrender","tag-truth"],"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\/1942102","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\/539"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1942102"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1942102\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1942103"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1942102"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1942102"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1942102"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}