House GOP Demands $4 Trillion Debt Limit Hike, Sparking Outrage
The House Freedom Caucus proposed a $4 trillion debt ceiling increase, contingent on $4 trillion in spending cuts over 10 years, to fund border security and defense increases. This plan, aiming for a two-year borrowing extension, seeks to secure 218 votes, potentially bypassing Democratic support. The proposal, which includes a two-bill, GOP-only reconciliation strategy, represents a significant political gamble for Republicans, given their historically limited success in raising the debt ceiling without bipartisan cooperation. The plan also contrasts with the House GOP leadership’s preferred approach and has drawn criticism for prioritizing tax cuts for the wealthy.
John Q. Hosedrinker