Biden’s tweets referenced the House Republicans’ “Limit, Save, Grow Act of 2023,” which would raise the debt ceiling on U.S. government debt in order to stave off a default on U.S. borrowing. Republicans passed the bill in the House earlier this week 217-215.
“It is, quite simply, a lie. There’s no other word to use. They are lying,” said Dan Caldwell, vice president of the Center for Renewing America and a Marine veteran. “If you go and look at the bill, [veterans’ health care] is not referenced at all. Veterans are not referenced at all. What the bill does is put in an overall spending cap. So in theory, you could actually increase the Department of Veterans Affairs’ budget under a spending cap. There’s nothing restricting or stopping that, but they’re acting like this cap mandates cuts for each cabinet level agency, which is just simply a lie,” Caldwell added.
The bill would also take back all unobligated COVID relief money, rescind nearly $71 billion to the IRS to hire new workers and upgrade technology, block Biden from waiving $10,000 to $20,000 in student loan debts and reduce monthly payments for undergraduate loans, repeal most of the tax breaks Democrats passed to promote their clean energy agenda, and impose work requirements for federal cash and food assistance.