At a speech at the New York Stock Exchange yesterday, Speaker Kevin McCarthy affirmed the Republican’s plan to use the rapidly approaching debt-ceiling deadline to extract spending cuts and other policy concessions from President Biden. Put simply, they plan on holding the American (and world) economy hostage. Yet the media continues to hide this truth behind its “both sides” reporting.–Robert Reich
Three whoppers peddled by the GOP and repeated by the mainstream media:
- Both sides are to blame.
- The fight is over controlling the national debt.
- When it comes to the national debt, both parties have been fiscally irresponsible.
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