(TruthAndLiberty.com) – Former White House adviser Steve Bannon predicted for the 118th Congress that the debt ceiling deal will result in House Speaker Kevin McCarthy’s early exit from his position.
On Thursday in an interview with Newsweek, Bannon argued that the Fiscal Responsibility Act of 2023 is in reality a Democratic bill, which is why 165 House Democrats had voted in favor of that bill, which helped it successfully pass. The bill has also been celebrated by leadership, including President Joe Biden, with many calling it a success against “extreme voices.”
The bill, which was the result of the negotiations between Biden and McCarthy, was also voted by 149 House Republicans. However, many Republicans felt that the bill left out many of their key demands, especially on the amount of unspent COVID-19 relief funds to be returned and the expansion of requirements of certain welfare programs including Medicaid and Supplemental Nutrition Assistance Program (SNAP).
Bannon then predicted that McCarthy would be “gone relatively quickly” especially because he lied and “double-crossed” people when he had claimed that they would “hold the line.”
The legislation does not include any extreme spending cuts and the $1.3 trillion of the savings that it will bring will come from a cap on non-defense discretionary spending for fiscal years 2024 and 2025. According to the bill the spending levels in 2024 are to remain the same as the ones in 2023, while they are only expected to increase by 1 percent in 2025.
McCarthy has claimed that this bill was a victory for the Republicans.
Copyright 2023, TruthAndLiberty.com