Biden and McCarthy Pulled Off a Debt Ceiling Deal Averting an Economic Catastrophe
Didn’t hear any mention of the bumbling, fumbling, senile Joe Biden for a while
The United States Senate on Thursday ratified the bipartisan Fiscal Responsibility Bill 2023. The bill had previously gained a strong majority in the US House of Congress. The agreement, which was negotiated by President Biden and Speaker McCarthy, suspends the debt ceiling until January 1, 2025, and aims to reduce government deficits by approximately $1.5 trillion over the next ten years.
Addressing the nation from the Oval Office on Friday, President Biden stated, “No one got everything they wanted, but the American people received what they needed.” He emphasized that the bipartisan agreement is a significant victory for the economy and the American citizens. On Saturday, President Biden signed the bill into law, averting a potentially catastrophic debt default just before the approaching Monday deadline.
Biden praised McCarthy, the Speaker’s team, and his own advisers for their honesty and directness during the negotiations. “Both sides kept their word,” the president added, emphasizing the importance of effective leadership by giving credit where it is due.
