Republicans Held Country Hostage So They Could Add to the Debt

“In a fight they claimed was about shrinking the debt, they decided to prioritize rolling back IRS enforcement funding in a move that will actually increase the debt by billions."

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“In a fight they claimed was about shrinking the debt, they decided to prioritize rolling back IRS enforcement funding in a move that will actually increase the debt by billions. They have gone to bat to protect wealthy tax cheats, and won.”

All of this to INCREASE the debt

The deal has been passed by the House, thanks to House Democrats saving the economy from headline seeking Republicans — once again. It’s getting very old having a party that wants to govern being undermined and trolled at every turn by a party that only seeks to destroy the opposition and get on Newsmax to holler about how much they care about the deficit when their party isn’t in the White House while crying about Target and Kohls carrying rainbow t-shirts.

It would be an understatement to say that the Chair of the Patriotic Millionaires and a former managing director at BlackRock, Inc. Morris Pearl was not impressed with the deal forced upon the White House and Democrats by media-seeking Republicans cosplaying as deficit hawks.

In a statement sent to PoliticusUSA, Pearl wrote, "This is a bad deal. All the spin in the world won’t change the fact that, while it’s certainly better than a default, rolling back over $20 billion in increased IRS funding is simply unacceptable, especially when combined with increased work requirements and spending freezes.”

“House Republicans have proven once again that there is nothing they care about more than making sure the ultra-rich can avoid paying taxes. In a fight they claimed was about shrinking the debt, they decided to prioritize rolling back IRS enforcement funding in a move that will actually increase the debt by billions. They have gone to bat to protect wealthy tax cheats, and won.”

Pearl is also not happy with President Biden, whom could have invoked the 14th amendment, “This deal is being sold as a compromise that is a win for both sides. But President Biden could have bypassed this entire manufactured crisis and invoked the 14th Amendment to unilaterally raise the debt ceiling. The deal is better than it could have been, but the choice should have never been between default or a deal."

I’ve reached out to the Patriotic Millionaires to get their specific math on this and will update when I hear back. (*updated below) However, there are no lies detected in this statement and it does reflect the feelings of non-reactionary people who pay their taxes and want a functional government that is not being held hostage. The frustration with the hostage taking is increasing and eroding trust in the government and even the people who are trying to actually do their jobs.

But none of that takes away from the point the Patriotic Millionaires made about Republicans’ gaslighting of America: “In a fight they claimed was about shrinking the debt, they decided to prioritize rolling back IRS enforcement funding in a move that will actually increase the debt by billions.”