Chip Roy Wants To Chip Away Cash From Joe's Inflation Reduction Act

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   Sharlee01posted 17 months ago

   
   
   Chip Roy says he wants 'Green New Deal-type subsidies' stripped as part of a budget deal.
   
   Rep. Chip Roy, R-Texas, says he'll be pushing House Republicans to "unwind" parts of the "My main point is there's hardly anything radical about what we're suggesting by returning to what we were literally spending four months ago, at '22 levels.
   
   Roy, a House Freedom Caucus member who’s been a central figure in the negotiations, told Fox News Digital he wants Republicans to strip "Green New Deal-type subsidies" from President Biden’s flagship Inflation Reduction Act passed last Congress.
   
   "We have got to get the absurd subsidies that were put in place that would supercharge all the dollars for renewables, which are really, frankly, not reliable, which is really subsidizing China and undermining our growth — to be able to have a strong economy here based on our strength, which is exporting liquefied natural gas and all stuff that’s still good for the overall environment and climate," Roy said in an interview with Fox News Digital.
   
   "While you’ve got a war going on, you know, you're basically helping Putin, helping China. You're helping everybody but American economic growth," Roy added.
   
   White House spokesperson Andrew Bates railed against such a proposal in a statement Tuesday that said by targeting the Inflation Reduction Act, "ultra MAGA hardliners" like Roy are "threatening to hold Americans’ jobs and retirement savings, hostage, by engaging in the dangerous brinkmanship that presidents Reagan and Trump warned against.
   
   "Like even Donald Trump said in 2019 avoiding a catastrophic and unprecedented default is non-negotiable," he said.
   
   House Speaker Kevin McCarthy, R-Calif., announced in a speech at the New York Stock Exchange Monday House Republicans will take a vote "in the coming weeks" that raises the debt ceiling for one year while capping federal spending at the fiscal year 2022 level. Experts say the U.S. has until roughly this summer to come up with a plan to address the debt limit before it is at risk of being unable to borrow more to pay the bills.
   
   "Let me be clear: a no-strings-attached debt limit increase cannot pass. But since the president continues to hide, House Republicans will take action," McCarthy said Monday, noting the White House's refusal to negotiate a package that includes a debt ceiling hike and spending limits.
   
   McCarthy added the bill would limit subsequent spending increases to just 1% per year over a decade.
   
   Roy said he agreed with "the overall tone" and "baseline" of McCarthy’s comments but said "the American people don’t want to see cuts in the ninth year. They want to see real cuts in the first year to wasteful spending.
   
   "It is becoming more and more clear to anybody watching that the president has completely abdicated his responsibility to sit down and responsibly figure out the direction of, of spending for our country committee.
   
   "He alone is going to be the one that's causing this to get closer and closer to the debt ceiling expiration date. Not us. We've been very clear that you know, we're not going to just give them a blank check for a debt ceiling increase. That’s been clear for two-plus months."
   
   Roy said Republicans have been "trying to work in good faith. But if Democrats aren't going to sit down with us, then, you know, we're going to send something over that’s responsible, and they can choke on it.
   
   "We're talking about demanding debt ceiling changes. Why is that? Because it allows us to spend at 2023 defense levels, which was just agreed upon in the old, frankly, bloated bipartisan omnibus bill. But it allows us to still spend at just before pre-COVID levels, which happens to be dollar-for-dollar in line with what 2024 levels were under President Obama's last budget," Roy said.
   
   "My main point is there's hardly anything radical about what we're suggesting by returning to what we were literally spending four months ago, at '22 levels.
   
   "We're going to focus on that, but there are other things … if you get some upfront spending cuts, plus the 2022 levels, then, you know, you might be cooking with peanut oil."
   
   Do you think the 20 Freedom Caucus's House members will make a stand, that could cause a lapse in funding that results in a government shutdown?

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      Researchaccountposted 17 months agoin reply to this

      "Do you think the 20 Freedom Caucus's House members will make a stand, that could cause a lapse in funding that results in a government shutdown?"
      
      They have nothing to stand on other than shameless pandering to an unwitting base. They'll collapse the entire economy it they do.  Most Americans know better.  "Freedom caucus" Nah. More like "sedition caucus"

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         wildernessposted 17 months agoin reply to this

         Why is potential shutdown always the fault of those that try to reign in unrestrained spending?  Why are those with a spending habit never at fault for not restraining their greed for more dollars from taxpayers?

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            Researchaccountposted 17 months agoin reply to this

            "Why is potential shutdown always the fault of those that try to reign in unrestrained spending?"
            
            Now they're worried about spending?  Lol look at the spending under Trump that
            they  didn't  have a care in  the world about.  Now it's just pandering to a  base that doesn't know any better than to look back at the stats.

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               wildernessposted 17 months agoin reply to this

               Can't speak for others, but I know I'm concerned about government spending in this country.  It has gone beyond any reasonable boundaries and will destroy us if not contained.  As evidence I present the inflation Biden caused with his massive giveaways.

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                  Sharlee01posted 17 months agoin reply to this

                  I agree, we are already wading through very deep water.

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                  Researchaccountposted 17 months agoin reply to this

                  Trump built a national debt so big (even before the pandemic) that it’ll weigh down the economy for years
                  The “King of Debt” promised to reduce the national debt then his tax cuts made it surge. Add in the pandemic, and he oversaw the third-biggest deficit increase of any president.  The growth in the annual deficit under  Trump ranks as the third-biggest increase, relative to the size of the economy, of any U.S. presidential administration.

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                  Valeantposted 17 months agoin reply to this

                  ...But is choosing to leave out the evidence of the inflation caused by Trump's massive giveaways and cutting of global oil production in April of 2020.  Because it's always someone else's fault than the cult's leader.  This would be funny if not so predicatable.

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                     GA Andersonposted 17 months agoin reply to this

                     Yep, and just as predictable is bringing in Trump—regardless of the topic.
                     
                     GA

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                        Researchaccountposted 17 months agoin reply to this

                        Completely relevant though.

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                           GA Andersonposted 17 months agoin reply to this

                           The OP's topic spoke to the Freedom Caucus Republicans' efforts to alter the IRA, how is Trump relevant to that?
                           
                           GA

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                              Valeantposted 17 months agoin reply to this

                              Why don't you direct your ire at the person that tried to use inflation as proof of out of control spending?  Instead of trying to then avoid talking about the causes of that inflation at all costs?

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                                 GA Andersonposted 17 months agoin reply to this

                                 If I had ire I wouldn't be responding. Why would you think disagreeing with a statement indicates ire?
                                 
                                 Not speaking directly to the facts of the OP, I don't see a problem with trying to reclaim some of the Covid funds. I can see a discussion around the topic of the OP.
                                 
                                 GA

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                                    Valeantposted 17 months agoin reply to this

                                    Well, instead of talking about the issues in this thread, you've just attacked two of us instead.  Me for bringing up Trump's contributions to inflation that were clearly ignored and RA for also noting that mentioning those contributions were more than relevant to a response in this thread.
                                    
                                    But it's nice that you actually added some substance to the discussion with your opinion of something that could be done.  Even if it went a bit off topic in the same way you just chastised others for doing.

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                                       GA Andersonposted 17 months agoin reply to this

                                       To be clear, I didn't intend either of my comments to be 'attacks.' I recall both to be direct to points made. Yours was a poke for introducing Trump to a non-Trump topic. A poke is not an attack. If you took it as one then you're either looking to be attacked (offended, victimized, oppressed) or you're too damn thin-skinned.
                                       
                                       On top of that, you speak up for Researchaccount.
                                       
                                       Nope, you've been around too long to be thin-skinned, that 'attacked' stuff is bullshit.
                                       
                                       As a note, my addition was about recovering Covid funds, the same as the OP's point. That isn't off-topic.
                                       
                                       GA

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                        Valeantposted 17 months agoin reply to this

                        But not quite as predictable as partisan hacks doing all they can to deflect in an attempt to ignore the complete relevance of all policies that would have contributed to inflation - which was the topic that was brought into this spending topic by others.

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            Sharlee01posted 17 months agoin reply to this

            I have come to feel that way. I mean it is very clear our Government has overspent, and we at some point need to hit that wall, maybe to survive. I mean some economists feel our very dollar could lose value. Do we need to finally say F--- it?  Our Government is a mess, there is just no denying that.
            
            This Freedom Caucus is some pieces of work... I would not put it past them to push to get their way or shut it down.

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               Researchaccountposted 17 months agoin reply to this

               Well they are the real pieces of shit. Put your political aspirations and greed above the good of the country. Ok

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                  Sharlee01posted 17 months agoin reply to this

                  Or maybe they are trying to stop the spending before they collapse the country's economy and denature the dollar around the world.
                  
                  Just don't have the cash to promote social programs at this time...

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               Ken Burgessposted 17 months agoin reply to this

               We haven't just overspent, we have diluted the value of the dollar.
               
               The more they spend, the more dollars they have to create, the higher the debt goes up, the less value the dollar has as a reserve currency,.. the spiral is about to go out of control, I can't tell if it will be this year, or they will push it off until after the 2024 election.  Banks are collapsing and the government is stepping in... they want to deploy their digital currency and force us all to use digital wallets... going to be a lot of angry people that wake up and find out the wealth they worked their entire lives to save up is gone... 'poof' only the billionaires will still be rich.
               
               I have been speaking about this in other threads, our dollars are worth 20% less than they were four years ago, it is going to get worse.

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                  Sharlee01posted 17 months agoin reply to this

                  I have all your same fears. I guess the majority of Americans are not even aware of this pending problem. They list ten and pretty much think what they're told to think. There is nothing that can penetrate those that are hooked on media propaganda., and not even being made aware of most of what is happening.
                  
                  I mean look at the fact that we had Government top secret documents leaked all over the internet. And gave proof of the lies we have been being told --- what reaction, very little. It's like one of the biggest scandals we have had in many years --- but no biggie.
                  
                  We are in trouble, and half the country is in the dark.

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            Sharlee01posted 17 months agoin reply to this

            I think they have plenty to stand on, 20 no votes. I think they make history, these people are hell-bent on change.

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   Kathryn L Hillposted 17 months ago

   empty the coffers / institute digital currency

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   Valeantposted 17 months ago

   "Like even Donald Trump said in 2019 avoiding a catastrophic and unprecedented default is non-negotiable," he said.
   
   And what did Democrats in charge of the House do?  They raised the debt ceiling without holding the country hostage and putting the country's economy in danger, despite Trump raising the deficit in every single year.  I don't remember any Republican on these threads or in the House objecting then.  Just a bunch of hypocrits.

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   Sharlee01posted 17 months ago

   The Freedom Caucus Demands
   
   "House Freedom Caucus members want to cap nondefense discretionary spending at fiscal 2022 levels for the next decade, arguing Republicans should use the upcoming debt limit fight to force Democrats to agree to steep spending cuts they say would save $3 trillion.
   
   The group of roughly three dozen ultraconservatives held a news conference Friday to announce their spending demands, which also includes rescinding unspent pandemic funds, repealing mandatory spending in Democrats’ climate, tax and health law and blocking President Joe Biden’s student debt relief executive action that the Supreme Court is reviewing.
   
   The Freedom Caucus also wants to impose work requirements on various federal benefit programs like Medicaid, which they estimate would produce $30 billion a year in savings, and enact legislation to curb government regulations and spur domestic energy production.
   
   To ensure their push for steep spending cuts doesn’t lead to a government shutdown and to incentivize Congress to enact appropriations on time, the Freedom Caucus is also proposing that the House pass a preemptive stopgap funding bill that would set discretionary spending at fiscal 2019 levels for nondefense accounts.
   
   If the legislation the group has proposed is enacted, Freedom Caucus members “will consider voting to raise the debt ceiling,” according to a one-page summary of their proposal. The ultraconservatives routinely voted against past debt limit increases. "
   
   House Freedom Caucus Chairman Scott Perry said in a brief interview after the news conference that the group used flexible language because they don’t yet know how large of a debt ceiling increase Democrats want or what else they may seek in negotiations, should they decide to abandon their current position of not bargaining around the debt limit.
   
   “We don’t know what their proposal is. So it’s appropriate to say ‘consider’ until we see,” the Pennsylvania Republican said. “The more they ask for, the more we’re going to ask for.”
   
   Perry also argued that enacting spending cuts ahead of the debt limit “x date,” which experts have estimated will hit sometime between June and August, would allow for a lower borrowing limit. "
   https://rollcall.com/2023/03/10/freedom … g-demands/

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      Valeantposted 17 months agoin reply to this

      Wouldn't it be interesting if they offered things that were valuable to them instead of just things that would undermine the Biden administration?  By only attacking Democrat priorities, they make this into a complete non-starter by being completely partisan.

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      Researchaccountposted 17 months agoin reply to this

      These power-hungry lawmakers are so determined to keep the Biden administration from rebuilding the middle class that they're willing to tank the economy to do it.
      Even if McCarthy and other Republicans somehow bless the House Freedom Caucus’s proposed cuts, the package would likely be dead on arrival in the Democratic-led Senate and would certainly be vetoed by Biden in any case.

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         Sharlee01posted 17 months agoin reply to this

         The FC has said it's a no-go in the House if their demands are not met.  The bill would never reach Congress unless their demands are in the bill.  Yes, it is certain the Senate would not vote the bill in.   And push comes to shove. The FC will shut it down. Unless you feel the FC will buckle. McCarthy has little to no control over this bunch. And they are hell-bent on change, and getting their demands met.
         
         It will certainly be interesting to watch.

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            Valeantposted 17 months agoin reply to this

            Thing is, if just four moderates cross over, they can raise the debt ceiling with the help of Democrats.  Don't think there are four moderates in the GOP House caucus right now though.

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   Sharlee01posted 17 months ago

   It would be wonderful if more uses would address the Threads subject. It always seems we end up on Trump no matter what subject.  I was trying to point out we have a smoke forming, the freedom caucus has some big demands, and certainly has the power to shut down the Government.
   
   So does this in any respect concern anyone? Anyone?
   
   This thread is about current news. I might add very pertinent news. This thread has nothing to do with Trump, other than Trump does have many supporters on the Freedom Caucus.
   
   https://rollcall.com/2023/03/10/freedom … g-demands/

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