Rep. Nancy Mace (R-SC) eviscerated the debt ceiling deal between Speaker of the House Kevin McCarthy (R-CA) and Joe Biden in a Twitter thread posted Tuesday morning in which she announced she would be voting “NO” on the deal. After a detailed takedown of the bill, Mace observed; “63% of Americans want Congress to cut spending as part of a debt ceiling deal. This bill doesn’t do that. Unacceptable.”

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The Biden-McCarthy agreement is not holding up under scrutiny and is being seen by conservative lawmakers in both houses of Congress as a cave by McCarthy. (Read the 99-page bill at this link.)

For the complete thread on Twitter, click on this tweet:

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Mace: “Washington is broken. Republicans got outsmarted by a President who can’t find his pants. I’m voting NO on the debt ceiling debacle because playing the DC game isn’t worth selling out our kids and grandkids

Let’s dive into the bill: This “deal” normalizes record-high spending started during the pandemic. It sets these historically high spending levels as the baseline for all future spending. The bill then grows govt, even more, each year at about ~1%.

After factoring in a small cut to discretionary spending over the next 2 yrs, we are still talking about ~$6T more or less in spending bc of large increases in spending elsewhere. In other words, it’s a wash spending-wise.

Govt grew massively over the past 3 years. This growth was supposed to be emergency funding only during COVID. During this time, govt grew 40% or by $2 trillion from 2019 to 2023. We went from spending just over $4T to spending just over $6T.

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