McCarthy on debt limit bill: 'We couldn't get everything we wanted'

PROVIDE? >> I HAVEN'T TALKED TO HIM. >> IS THAT NECESSARY TO DO? >> YOU'VE BEEN HERE A LONG TIME. ANYTIME THERE'S AN AGREEMENT WITH TWO PARTIES, THERE'S ALWAYS TWO PARTIES WHO VOTE. BUT THE THING THAT'S INTERESTING HERE IS A LARGEST SAVINGS FROM AMERICAN HISTORY. THE UNSHACKLING OF WASTEFUL WASHINGTON SPENDING. OF ALL THE MONEY THEY RESCINDED AND ADDED TOGETHER, THIS IS HIGHER THAN THAT. AND THE IDEA WE FOUGHT SO HARD TO GET THOSE WORK REQUIREMENTS AND WELFARE REFORM OR THE IDEA THAT YOU COULD MAKE THE PRESIDENT, IF HE WANTS TO ADD A NEW REGULATION, THAT NOW HE HAS TO OFF SET THAT. WE HAVEN'T HAD THAT. SO I'M NOT SURE WHAT EVERYBODY WANTS. WE COULDN'T GET EVERYTHING WE WANTED. FOCUSED ON ABOUT 11% OF THE BUDGET AND WHEN YOU TALK ABOUT SPENDING BACK TO 2022, THE NONDEFENSE IS BACK. VETERANS GET MORE MONEY. DEFENSE GETS MORE MONEY. SO I THINK THIS IS A PLACE AND WE CAN'T FOR THE NEXT SIX YEARS HAVE ALWAYS SAID THE DEBT CEILING IS LIKE A FAMILY HAVING A CREDIT CARD BUT THE FAMILY'S CHARGED ALL THE WAY UP SO WHAT HAVE WE DONE? WE MADE SURE NEXT YEAR, THIS YEAR WE'LL SPEND LESS THAN LAST YEAR. WE'RE GOING TO PUT A SPENDING CAP FOR SIX YEARS SO WE CAN'T KEEP SPENDING THE WAY WE ARE. WE LOOKED AROUND FOR THINGS WE BOUGHT THAT WE CAN RETURN LIKE COVID MONEY. MONEY TO CHINA. WE'RE BRINGING THAT BACK. WE MIGHT HAVE A CHILD THAT HAS NO JOB, SITTING ON THE COACH. ENCOURAGE THAT PERSON TO GET A JOB AND HAVE TO GO TO WORK, WHICH GIVES THEM WORTH AND VALUE. WE'RE GOING TO LOOK AT OTHER THINGS, TOO, TO MAKE THE ECONOMY STRONGER SO WE'RE REFORMING. YOU NO LONGER HAVE TO SPEND YEARS IN ENVIRONMENTAL -- WE LIMITED IT TO ONE TO TWO YEARS. THESE ARE MAJOR VICTORIES. I UNDERSTAND PEOPLE GET UPSET ABOUT WALKING THROUGH A DEBT CEILING, BUT THIS IS A HOUSE, A SENATE, AND A PRESIDENCY. I THINK WE'RE GOING TO READ "THE WALL STREET JOURNAL," YOU READ THE "NEW YORK POST." YOU LISTEN TO A LOT OF ECONOMISTS. THEY SAY THIS IS THE STRONGEST DEBT CEILING WE'VE HAD

Channel: MSNBC

Views: 17,228

Keywords: msnbc, MSNBC, Specials, NBC News, nbc, news, news coverage, breaking news, us news, world news, politics, current events, top stories, pop culture, business, health, political news, msnbc live, Kevin McCarthy, Speaker McCarthy, McCarthy, debt ceiling, debt ceiling deal, Congress, House Freedom Caucus

Id: Tl4j_8tPf_I

Length: 2min 36sec (156 seconds)

Published: Tue May 30 2023