Republicans Erupt In State Of The Union After Biden Claims GOP Wants To Cut Social Security
Share this @internewscast.com


Topline

Several Republican lawmakers shouted jeers at President Joe Biden during his State of the Union address Tuesday night, including after Biden claimed some in Congress are trying to cut Social Security and Medicare in exchange for raising the debt ceiling–even though House Speaker Kevin McCarthy (R-Calif.) has repeatedly said that is not an option.

Key Facts

About midway through his speech, Biden said that some Republicans “want to take the economy hostage unless I agree to their economic plans,” claiming some in the GOP ranks are willing to let the country default on its debt unless cuts to Social Security and Medicare are made.

The president briefly paused his speech after the Republican side of the House chamber erupted in backlash—McCarthy, seated behind Biden, smirked and repeatedly said “no,” while television feeds showed firebrand Rep. Marjorie Taylor Greene (R-Ga.) standing up from her seat and shouting: “Liar!”

The president responded to the rebukes by saying “I’m glad to see it, I enjoy conversion.”

Biden faced a few other rounds of heckling during his speech: An unidentified Republican lawmaker appeared to yell “it’s your fault” when Biden began talking about fentanyl overdose deaths, and Greene appeared to shout “China is spying on us” at another moment during the address, leading McCarthy—who reportedly urged his members to behave ahead of the primetime event—to shush Greene.

Surprising Fact

Rep. Joe Wilson (R-S.C.) caused a massive uproar in 2009 when he yelled “you lie” at former President Barack Obama during a joint session of Congress. He quickly raised more than $1 million in campaign contributions after making the comment.

Crucial Quote

“No president added more to the national debt in any four years than my predecessor,” Biden said, in an attack on former President Donald Trump, whom he did not name throughout the speech.

Key Background

The debt ceiling loomed over Biden’s address as one of the biggest issues heading into the night, but he only spoke for a brief time about it. The White House has repeatedly said it will not negotiate spending cuts with Republicans in exchange for raising the debt limit, even though McCarthy insists a decrease in spending is essential, though he has not publicly identified what programs he would like to see cut—outside of saying Social Security and Medicare will not be affected. Treasury Secretary Janet Yellen says the federal government has until early June to raise the debt ceiling or else the country will not be able to pay its bills, which would likely send stocks plunging and push the nation into a recession. Biden and other Democrats have accused Republicans of seeking to cut Social Security and Medicare in the past, often citing a proposal by Sen. Rick Scott (R-Fla.) to require federal laws to automatically sunset after five years—a policy that could include the two popular programs.

Tangent

Biden made no mention of negotiating with Republicans to reach an agreement to raise the debt ceiling, even as he made bipartisanship a consistent theme throughout the speech.

Further Reading

McCarthy: Social Security, Medicare cuts ‘off the table’ (The Hill)

Debt Ceiling Showdown: McCarthy And Biden Had ‘Very Good Discussion,’ Speaker Says—But No Deal Yet (Forbes)

The Debt Ceiling, Explained—What Happens If The U.S. Doesn’t Raise It (Forbes)

Federal Government Officially Reaches Debt Limit, Triggering ‘Extraordinary Measures’ To Prevent A Default—Here’s What That Means (Forbes)



Share this @internewscast.com
You May Also Like

EV Startup Lucid Cuts 18% of Workforce, Including Some Executives

The maker of high-end electric cars plans to lay off about 1,300…

How a Positive Psychology Can Make You a Multimillionaire

Opinions expressed by Entrepreneur contributors are their own. Positive psychology is a…

Apple Launches Apple Pay Later And It’s Going To Be A Winner

Apple Pay Later logo displayed on a laptop screen and Apple logo…

Fetterman Returning To Senate In April After Weeks-Long Depression Bout

Topline Sen. John Fetterman (D-Pa.) plans to return to the Senate the…

YES Launches Streaming Platform Offering Access to Yankees, Nets Games Without Pay-TV Subscription

The new service will cost $24.99 a month and comes weeks after…

Intel Breaks Above 200-Day Moving Average

Share to Facebook Share to Twitter Share to Linkedin In trading on…

Below Book Value And Dividend Paying

bank, banks, bank stocks getty It’s probably impossible to know for sure…

Disney Lays Off More Than 300 Streaming-Focused Employees in China

The entertainment company began this week to carry out the first wave…

Retail Sales Forecast To Grow By 4% Or More This Year; Industry Optimistic Despite Challenges

The National Retail Federation expects retail sales to grow by between 4%…

3 Effective Networking Practices to Separate Yourself From the Noise

Opinions expressed by Entrepreneur contributors are their own. Whether it’s scheduling a…

Is Your Financial Plan Future Proof? Ask These 4 Questions To Find Out

BETA This is a BETA experience. You may opt-out by clicking here Empower…

NASCAR Going All In On Gaming

DARLINGTON, SOUTH CAROLINA – SEPTEMBER 03: Austin Dillon, driver of the #3…