Newt Gingrich Proclaims ‘Dramatic Victory’

Newt Gingrich

(DCWatchdog.com) – Contrary to the millions of Americans who want the federal government to stop spending beyond its means, former House Speaker Newt Gingrich praised the debt limit deal reached today by House Republicans, led by Speaker Kevin McCarthy, with President Joe Biden.

Gingrich expressed his thoughts on social media, calling it a “dramatic victory.” He emphasized that the bill achieved the seemingly impossible feat of reducing spending, reinstating work requirements, reforming energy and infrastructure permitting, and more.

After days of tense negotiations, a tentative agreement emerged. It involves raising the debt ceiling for approximately the next two years in exchange for some of the spending cuts and concessions sought by Republicans.

McCarthy held a brief press conference, acknowledging that details still needed to be ironed out and the bill’s text would be released on Sunday. However, he believed the agreement was “worthy of the American people” due to its historic spending reductions, reforms to alleviate poverty and promote employment, and the absence of new taxes or government programs.

Gingrich had previously urged McCarthy to remain steadfast, suggesting that if the U.S. government defaulted on its debt, the blame would fall on Biden and jeopardize his 2024 reelection bid.

Negotiators are now working against the clock to finalize the bill’s text. McCarthy announced that the House would vote on the legislation on Wednesday, allowing the Senate sufficient time to consider it before June 5. Treasury Secretary Janet Yellen has warned that the United States could default on its debt obligations if lawmakers fail to act in time.

What is your opinion? Do you see the agreement between McCarthy and Biden as a “dramatic victory”? Or, like millions of Americans, do you see it as more of the same out of Congress and the administration as the national debt continues to rise? Share your view by emailing [email protected]. Thank you.