speaker kevin mccarthy has yet to issue a budget for the next fiscal year. but did manage to cobble together one frankenstein monster of a debt ceilin proposal this week mccarthy presented a sweeping 320-page bill tha would pair 4.5 trillion dollar in spending cuts with a 1. trillion-dollar increase in th federal dilemma that would kee the bill collectors at bay until march 24th, just in time for the campaign season to hea up the white house says thi spending cuts wish list tied t the debt ceiling is nonstarter meanwhile, golden sach economists are saying that the united states could crash th limit on borrowing for thing already purchase as early as the first week and june. mccarthy has a more immediat problem. the speaker doesn t have the votes just yet to pass his plan that snot good for a perso who only holds a four seat majority but took 15 ballots t win the gavel. still, he insists that congres won t allow the u.s. t default. sure, jan. joining me now, director shalan
it is easy to get in to thes points of chaos and forget why we are talking about this. when we talk about not defaulting, what are we talkin about? it is risking economic calamit for millions of americans. this president has preside over adding 12 million job since he was elected 5% black unemployment, the literal the lowest on record labor participation rates, especially at a prime, age a little better than we were pre-pandemic why would we do anything i this country in these jobs o great responsibility that woul risk those positive step forward for the economy? this presidenthas a way of talking about the economy, gro it from the middle out, and th bottom out he has done that and he ha shown the results i ve jus talked about and the speakers bill he released, we believe, would no only stop that economi