Trump accuses former Speaker Kevin McCarthy of ‘one of the dumbest political decisions made in years’
President-elect Donald Trump recently criticized former House Speaker Kevin McCarthy for his role in the debt ceiling suspension approved in 2023, calling it “one of the dumbest political decisions made in years.” Despite his criticism, Trump made sure to mention that McCarthy is a friend and a good person.
In a social media post, Trump expressed his disappointment in the extension of the debt ceiling, which was approved during the Biden Administration but will now impact his upcoming term. He blamed the decision on McCarthy, stating that it was unnecessary and ultimately led to the loss of the Speakership.
The debt ceiling issue has been a point of contention between Democrats and Republicans, with Trump urging for an increase before he takes office. Treasury Secretary Janet Yellen has also emphasized the importance of raising the debt limit to protect the full faith and credit of the United States.
Trump, along with Vice President-elect JD Vance, pushed for the ceiling to be raised as part of a stopgap government spending proposal, but the measure that passed did not address the issue. This has led to further debate within the Republican Party about the best approach to handling the debt ceiling.
Responding to Trump’s criticism of McCarthy, Rep. Chip Roy pointed out that the debt ceiling extension was opposed by only 71 House Republicans 18 months ago. He suggested that the issue could be addressed through reconciliation with mostly GOP votes, coupled with meaningful spending cuts.
The ongoing debate over the debt ceiling highlights the challenges facing the incoming administration and the need for bipartisan cooperation to address the country’s fiscal issues. As the transition of power approaches, finding a solution to the debt ceiling problem will be a top priority for President-elect Trump and his team.
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