Concord Coalition Executive Director Bob Bixby: House Republicans are Fighting the 'Right Fight on the Wrong Hill'

WASHINGTON, April 24, 2023 /PRNewswire/ — Today, The Concord Coalition released a blog by executive director Robert L. Bixby, on the partisan standoff over the debt limit and the federal budget. Bixby observes that:

“President Biden’s budget proposed a 10-year deficit reduction goal of $2.8 trillion. House Speaker Kevin McCarthy’s goal is $4.5 trillion. Although the two plans are worlds apart in a policy sense, it is now possible to begin negotiations. But by presenting his budget cuts as a set of conditions for raising the debt limit, McCarthy is not offering the public a choice between his agenda and Biden’s agenda. He is offering a choice between his agenda and the government’s creditworthiness,” said Bixby.

Bixby continued, “That is a risky economic strategy because it carries the threat of default, even one that is unintended. It is also politically risky because when crunch time comes, Americans waiting for delayed payments from the government might react very badly to the idea that they won’t get paid unless McCarthy’s agenda, or something like it, is enacted.”

The entire blog post can be viewed here

The Concord Coalition is a nonpartisan, grassroots organization dedicated to fiscal responsibility. Since 1992, Concord has worked to educate the public about the causes and consequences of the federal deficit and debt, and to develop realistic solutions for sustainable budgets. For more fiscal news and analysis, visit and follow us on Facebook @ConcordCoalition and on Twitter: @ConcordC

Cision View original content:

SOURCE The Concord Coalition

Concord Coalition Executive Director Bob Bixby: House Republicans are Fighting the'Right Fight on the Wrong Hill' WeeklyReviewer

PR Newswire Political/Government News

World Reviewer Staff
World Reviewer Staff
The first logical thought has to be "no way". I'm the World Observer! Ill find and share important news all day.

Latest articles

Earnings Disclosure

WeeklyReviewer earns primarily through affiliates and ads. We don’t encourage anyone to click on ads for any other purpose but your own. We recommend products and services often for our readers, and through many we will earn commissions through affiliate programs.

Related articles