• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Economy Lindsey Graham warns Kevin McCarthy on debt ceiling deal: ‘Biggest winner of Biden defense budget is China’
Economy

Lindsey Graham warns Kevin McCarthy on debt ceiling deal: ‘Biggest winner of Biden defense budget is China’

by May 29, 2023
by May 29, 2023 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

Sen. Lindsey Graham, R-S.C., warned House Speaker Kevin McCarthy, R-Calif., against slashing the defense budget in order to reach a deal on the debt ceiling. 

‘Number one, I respect Kevin McCarthy. I want to raise the debt ceiling. It would be irresponsible not to do it. I want to control spending. I’d like to have a smaller IRS. I’d like to claw back the unused COVID money. I know you can’t get the perfect – but what I will not do is adopt the Biden defense budget and call it a success,’ Graham told ‘Fox News Sunday’ host Shannon Bream. ‘Kevin said that the defense is fully funded. If we adopt the Biden defense budget, it increases defense spending below inflation – 3.2% increase in defense is below inflation.’ 

Graham said the ‘Biden defense budget’ would cut the number of ships in the U.S. Navy from 298 to 291 at a time when China is going to increase their Navy by nearly a third. 

‘The Biden defense budget was a joke before, and if we adopt it as Republicans we will be doing a great disservice to the party of Ronald Reagan. The biggest winner of the Biden defense budget is China because they’ll have a bigger navy; and it will be Putin,’ Graham claimed. ‘There’s nothing in the budget for Biden to help Ukraine win a war that they’re on the verge of driving the Russians out. So I like Kevin a lot, but don’t tell me that the Biden defense budget fully funds the military.’ 

‘The overmatch with China is real. The Biden defense budget makes it even worse for us. I look forward to the details, but if you send me the Biden defense budget to the United States Senate and declare it fully funds the military, you will have a hard time with me,’ Graham told ‘Fox News Sunday.’ 

‘This is sequestration, potentially, 2.0. In 2011, my good friend Mitch McConnell negotiated the deal with Joe Biden that virtually destroyed the Defense Department in the name of raising the debt ceiling. If this is another round of sequestration, not only will I vote no, I will not be intimidated by June 5,’ Graham said. 

‘If you don’t see the connection between Ukraine and China, you’re missing a lot,’ Graham said. ‘We need more defense spending. They’re right about the weapons. We need to increase our arsenal. We have multiple threats. Let’s help Ukraine defeat Putin. End the war on favorable terms in Ukraine, you’ll make China less likely to invade Taiwan. The defense budget that they’re proposing as part of this deal makes it impossible for us to do the things we need to do. You’re reducing defense spending at a time we need more of it.’ 

Though the details of the deal remain unclear, House Minority Leader Hakeem Jeffries, D-N.Y., said in a statement that President Biden has announced an agreement in principle regarding the debt ceiling and that the agreement will be finalized once legislative text prepared by House Republicans has been reviewed by the Biden administration. 

Biden and McCarthy are scheduled to speak in order to complete the agreement no later than 2 p.m. ET. 

Danielle Wallace is a reporter for Fox News Digital covering politics, crime, police and more. Story tips can be sent to danielle.wallace@fox.com and on Twitter: @danimwallace. 

This post appeared first on FOX NEWS
You Might Also Like
  • Iran accuses Israel of blowing up natural gas pipeline in sabotage attack, provides no evidence
  • Chinese hackers preparing to ‘wreak havoc’ on American citizens, communities, FBI director warns
  • McConnell endorses Trump for president after Super Tuesday results: ‘He will have my support’
  • Former Special Forces soldier launches campaign in Virginia to flip swing House seat from Democrats
Share
0
FacebookTwitterPinterestWhatsapp

previous post
Dem rep is ‘anything but a clear yes’ on debt ceiling bill, calls negotiations ‘hostage-taking process’
next post
McCarthy takes victory lap on debt limit bill as details remain scarce among House members

You may also like

Biden administration to erase medical debt records from credit reports,...

September 22, 2023

Israel-Hamas war: Details begin to emerge of life in captivity...

November 27, 2023

ISIS claims responsibility for suicide bomb attacks on Soleimani memorial...

January 5, 2024

Pennsylvania Democrats endorse Philly appellate judge for state Supreme Court...

February 1, 2023

GOP senators insist Biden ‘will negotiate’ on debt ceiling, budget...

January 26, 2023

Stanford DEI dean slams invited federal judge to his face...

March 11, 2023

Biden says I-95 repair is top priority for government; Dem...

June 18, 2023

DC poised to soften penalties for carjacking, other violent crimes,...

January 16, 2023

Biden under pressure to act on reparations as movement to...

July 20, 2023

Minnesota Senate passes bill to legalize recreational marijuana

May 21, 2023

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • The V Reversal is Impressive, but is it Enough?

      May 9, 2025
    • Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout, pulls outlook

      May 8, 2025
    • Don’t Buy Robinhood Stock… Until You See This Chart Setup

      May 8, 2025
    • UnitedHealthcare sued by shareholders over reaction to CEO’s killing

      May 8, 2025
    • The Unpredictable Stock Market: How to Make Sense of It

      May 8, 2025

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,633 views
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,339 views
    • 3

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 2,321 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,303 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,186 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,066)
    • Investing (538)
    • Stock (2,531)

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 3

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • The V Reversal is Impressive, but is it Enough?

      May 9, 2025
    • Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout,...

      May 8, 2025
    • Don’t Buy Robinhood Stock… Until You See This Chart Setup

      May 8, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,066)
    • Investing (538)
    • Stock (2,531)

    Disclaimer: RoundTableThoughts.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    Nebraska lawmakers set to debate plan...

    May 16, 2023

    Biden addresses nation after Congress passes...

    June 3, 2023

    Minnesota officials stump for legislative crackdown...

    March 24, 2023
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here