McCarthy's misleading claim that 2019 debt-ceiling hike paid for all of Trump's policies
Congress once again is at an impasse over whether to extend the federal government’s borrowing cap, or “debt ceiling.”
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In a Fox News interview, McCarthy claimed the last extension of the debt ceiling, in 2019, “paid for everything in the Trump administration, plus seven months of this Biden administration.”
Not really. Raising the debt limit would cover the cost of programs that were approved in the past. Today, the government continues to borrow money to pay for policies that Trump signed into law, such as the 2017 tax cuts geared at businesses and wealthy earners.
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Under Trump, Congress in bipartisan votes suspended the debt ceiling in December 2017, March 2019 and August 2019. The national debt rose by roughly $7.8 trillion during the Trump administration and is now at $28 trillion.
https://www.msn.com/en-us/news/politics/mccarthys-misleading-claim-that-2019-debt-ceiling-hike-paid-for-all-of-trumps-policies/ar-AAOJgSy